Gilbert & Cook Inc. Acquires 93 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Gilbert & Cook Inc. increased its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,463 shares of the company’s stock after purchasing an additional 93 shares during the quarter. Gilbert & Cook Inc.’s holdings in Live Nation Entertainment were worth $707,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning grew its stake in shares of Live Nation Entertainment by 1.2% in the 2nd quarter. Creative Planning now owns 28,501 shares of the company’s stock valued at $2,672,000 after buying an additional 326 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Live Nation Entertainment by 74.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,755 shares of the company’s stock worth $446,000 after acquiring an additional 2,035 shares during the last quarter. Coronation Fund Managers Ltd. grew its position in Live Nation Entertainment by 48.3% during the second quarter. Coronation Fund Managers Ltd. now owns 51,187 shares of the company’s stock valued at $4,798,000 after acquiring an additional 16,668 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Live Nation Entertainment during the 2nd quarter valued at $4,999,000. Finally, American National Bank & Trust purchased a new position in shares of Live Nation Entertainment during the third quarter valued at about $50,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Price Performance

NYSE LYV traded up $1.68 on Thursday, hitting $144.15. The company had a trading volume of 31,502 shares, compared to its average volume of 1,631,286. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $33.49 billion, a PE ratio of 153.65, a PEG ratio of 1.61 and a beta of 1.38. Live Nation Entertainment, Inc. has a 12-month low of $86.67 and a 12-month high of $144.15. The company’s fifty day moving average price is $135.04 and its 200-day moving average price is $115.92.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping 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 company had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the previous year, the business earned $1.78 EPS. Live Nation Entertainment’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, analysts predict that Live Nation Entertainment, Inc. will post 1.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

LYV has been the subject of several analyst reports. Evercore ISI raised their price target on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price objective on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Citigroup increased their target price on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group boosted their target price on Live Nation Entertainment from $132.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, StockNews.com raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company 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.