California State Teachers Retirement System Has $27.27 Million Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

California State Teachers Retirement System lifted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 0.9% in the first quarter, Holdings Channel reports. The institutional investor owned 257,860 shares of the company’s stock after acquiring an additional 2,308 shares during the period. California State Teachers Retirement System’s holdings in Live Nation Entertainment were worth $27,274,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. YHB Investment Advisors Inc. acquired a new stake in shares of Live Nation Entertainment during the first quarter worth $32,000. Rise Advisors LLC lifted its holdings in shares of Live Nation Entertainment by 90.3% during the first quarter. Rise Advisors LLC now owns 335 shares of the company’s stock worth $35,000 after buying an additional 159 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Live Nation Entertainment by 44.1% during the first quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock worth $41,000 after buying an additional 119 shares in the last quarter. Tobam acquired a new stake in shares of Live Nation Entertainment during the fourth quarter worth $59,000. Finally, SOA Wealth Advisors LLC. increased its position in shares of Live Nation Entertainment by 238.1% in the first quarter. SOA Wealth Advisors LLC. now owns 852 shares of the company’s stock worth $90,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Trading Up 0.6 %

Shares of NYSE:LYV traded up $0.53 during midday trading on Thursday, hitting $96.72. 53,870 shares of the stock were exchanged, compared to its average volume of 2,201,128. The stock has a market capitalization of $22.22 billion, a price-to-earnings ratio of 91.59, a P/E/G ratio of 2.12 and a beta of 1.34. The company has a debt-to-equity ratio of 10.83, a quick ratio of 0.92 and a current ratio of 0.92. The business’s 50-day moving average price is $93.57 and its 200 day moving average price is $94.96. Live Nation Entertainment, Inc. has a 12 month low of $76.48 and a 12 month high of $107.24.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.03). The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.02 billion. Live Nation Entertainment had a return on equity of 81.82% and a net margin of 2.20%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 earnings per share. Analysts predict that Live Nation Entertainment, Inc. will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on LYV. Northcoast Research cut Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 28th. Redburn Atlantic upgraded Live Nation Entertainment from a “neutral” rating to a “buy” rating and raised their price target for the stock from $114.00 to $115.00 in a research report on Thursday, May 9th. JPMorgan Chase & Co. raised their price target on Live Nation Entertainment from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Wednesday. Macquarie restated an “outperform” rating and issued a $125.00 price target on shares of Live Nation Entertainment in a research report on Wednesday. Finally, Benchmark reiterated a “buy” rating and issued a $132.00 target price on shares of Live Nation Entertainment in a research report on Wednesday. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Live Nation Entertainment has an average rating of “Moderate Buy” and a consensus price target of $118.08.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.