Paradigm Asset Management Co. LLC Has $394,000 Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Paradigm Asset Management Co. LLC grew its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 222.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,043 shares of the company’s stock after acquiring an additional 2,100 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Live Nation Entertainment were worth $394,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new position in Live Nation Entertainment in the 3rd quarter valued at $31,000. World Investment Advisors LLC bought a new stake in Live Nation Entertainment in the 3rd quarter valued at about $38,000. Reston Wealth Management LLC bought a new stake in Live Nation Entertainment in the 3rd quarter valued at about $41,000. Morse Asset Management Inc bought a new position in shares of Live Nation Entertainment during the third quarter worth approximately $42,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Live Nation Entertainment in the fourth quarter valued at approximately $42,000. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Down 1.9 %

Shares of LYV opened at $149.37 on Friday. The stock’s 50-day moving average price is $139.23 and its two-hundred day moving average price is $122.30. Live Nation Entertainment, Inc. has a 12 month low of $86.81 and a 12 month high of $157.75. The company has a market capitalization of $34.71 billion, a PE ratio of 158.91, a PEG ratio of 1.83 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. On average, analysts anticipate that Live Nation Entertainment, Inc. will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LYV. Rosenblatt Securities reaffirmed a “buy” rating and issued a $146.00 price objective on shares of Live Nation Entertainment in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley raised their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday. TD Cowen upped their price target on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Evercore ISI raised their target price on Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Live Nation Entertainment has an average rating of “Moderate Buy” and an average price target of $154.27.

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.