Zurcher Kantonalbank Zurich Cantonalbank cut its stake in Live Nation (NYSE:LYV) by 58.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,880 shares of the company’s stock after selling 35,256 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Live Nation were worth $1,048,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of LYV. Nisa Investment Advisors LLC raised its stake in shares of Live Nation by 125.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 27,297 shares of the company’s stock worth $1,162,000 after purchasing an additional 15,197 shares during the last quarter. Gulf International Bank UK Ltd purchased a new stake in shares of Live Nation in the fourth quarter worth approximately $2,071,000. Westpac Banking Corp purchased a new stake in shares of Live Nation in the fourth quarter worth approximately $349,000. Acadian Asset Management LLC raised its stake in shares of Live Nation by 5.1% in the fourth quarter. Acadian Asset Management LLC now owns 2,364,397 shares of the company’s stock worth $100,651,000 after purchasing an additional 114,171 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Live Nation in the fourth quarter worth approximately $417,000. 69.42% of the stock is owned by hedge funds and other institutional investors.
Shares of LYV opened at $44.43 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $9.16 billion, a P/E ratio of -92.56 and a beta of 0.98. Live Nation has a 12 month low of $43.25 and a 12 month high of $44.25.
LYV has been the subject of several analyst reports. Zacks Investment Research downgraded Live Nation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 21st. Macquarie reissued a “buy” rating and issued a $55.00 price objective on shares of Live Nation in a research note on Thursday, March 1st. Citigroup raised Live Nation from a “neutral” rating to a “buy” rating in a research note on Monday, April 9th. JPMorgan Chase set a $51.00 price objective on Live Nation and gave the stock a “buy” rating in a research note on Thursday, April 5th. Finally, ValuEngine raised Live Nation from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $49.14.
Live Nation Profile
Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned and/or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.
Receive News & Ratings for Live Nation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Nation and related companies with MarketBeat.com's FREE daily email newsletter.