Janus Henderson Group PLC Sells 284 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Janus Henderson Group PLC lessened its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,609 shares of the company’s stock after selling 284 shares during the period. Janus Henderson Group PLC’s holdings in Live Nation Entertainment were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYV. Harbor Advisors LLC acquired a new stake in shares of Live Nation Entertainment in the third quarter valued at about $219,000. Hilltop Holdings Inc. acquired a new stake in Live Nation Entertainment in the 3rd quarter valued at approximately $407,000. Chevy Chase Trust Holdings LLC increased its position in Live Nation Entertainment by 7.6% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 84,477 shares of the company’s stock worth $9,249,000 after buying an additional 5,955 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of Live Nation Entertainment by 1,575.8% during the third quarter. Benjamin Edwards Inc. now owns 4,441 shares of the company’s stock worth $486,000 after buying an additional 4,176 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its position in shares of Live Nation Entertainment by 102.1% in the third quarter. Edgestream Partners L.P. now owns 5,308 shares of the company’s stock valued at $581,000 after acquiring an additional 2,681 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

LYV has been the topic of a number of research reports. Guggenheim boosted their target price on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Benchmark upped their price objective on shares of Live Nation Entertainment from $132.00 to $144.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday. Evercore ISI raised their price objective on Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group lifted their price objective on Live Nation Entertainment from $132.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.33.

Live Nation Entertainment Stock Performance

NYSE:LYV opened at $135.95 on Friday. The stock has a market capitalization of $31.59 billion, a P/E ratio of 144.63, a price-to-earnings-growth ratio of 3.65 and a beta of 1.37. 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, Inc. has a 1 year low of $86.67 and a 1 year high of $141.18. The firm has a 50 day moving average of $125.79 and a 200-day moving average of $106.35.

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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The business’s revenue was down 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 1.04 EPS for the current fiscal year.

Live Nation Entertainment Company Profile

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.