Jackson Square Capital LLC Takes $355,000 Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Jackson Square Capital LLC purchased a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,739 shares of the company’s stock, valued at approximately $355,000.

A number of other large investors have also bought and sold shares of the business. Ameritas Advisory Services LLC increased its stake in Live Nation Entertainment by 19.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 8,001 shares of the company’s stock worth $1,036,000 after purchasing an additional 1,301 shares in the last quarter. HB Wealth Management LLC bought a new stake in Live Nation Entertainment during the 4th quarter worth approximately $230,000. KRS Capital Management LLC bought a new stake in Live Nation Entertainment during the 4th quarter worth approximately $233,000. Sanibel Captiva Trust Company Inc. increased its stake in Live Nation Entertainment by 3.1% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 10,972 shares of the company’s stock worth $1,421,000 after purchasing an additional 330 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in Live Nation Entertainment during the 4th quarter worth approximately $44,000. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Trading Up 1.6 %

Shares of Live Nation Entertainment stock opened at $135.71 on Friday. The business has a fifty day simple moving average of $133.51 and a two-hundred day simple moving average of $113.44. Live Nation Entertainment, Inc. has a 1 year low of $86.67 and a 1 year high of $141.18. The company has a market capitalization of $31.53 billion, a price-to-earnings ratio of 144.37, a P/E/G ratio of 1.50 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The business had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter last year, the firm posted $1.78 EPS. The company’s quarterly revenue was down 6.2% on a year-over-year basis. Research analysts forecast that Live Nation Entertainment, Inc. will post 1.02 EPS for the current year.

Wall Street Analyst Weigh In

LYV has been the subject of a number of research reports. Roth Mkm increased their target price on Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Benchmark raised their price target on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Bank of America raised their price target on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Macquarie raised their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Finally, StockNews.com raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.40.

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.