We not too long ago revealed a listing of Top 10 Stocks to Buy According to Jericho Capital Asset Management. On this article, we’re going to check out the place Reside Nation Leisure, Inc. (NYSE:LYV) stands towards different high shares to purchase in keeping with Jericho Capital Asset Administration.
Jericho Capital Asset Management, based in 2009 by Josh Resnick, is a New York-based hedge fund supervisor specializing in lengthy/brief fairness methods throughout developed and rising markets. Resnick established the agency with a concentrate on figuring out market inefficiencies and capitalizing on each undervalued and overvalued securities. The funding administration agency specializes within the international expertise, media, and telecommunications (TMT) sectors, providing a variety of economic planning, advisory, and asset administration providers to institutional shoppers and high-net-worth people.
As an funding advisor, Jericho Capital gives discretionary funding advisory providers to pooled funding autos, together with hedge funds and personal fairness funds. These funds are sometimes structured as master-feeder funds, the place feeder funds allocate their capital to a centralized grasp fund managed by the agency. This construction permits traders to entry a diversified portfolio whereas benefiting from the agency’s experience in safety choice. Given the speculative nature of its methods, the agency cautions traders concerning the substantial dangers concerned, together with the potential for vital or full lack of capital.
Jericho Capital employs an extended/brief funding technique, aiming to generate returns by buying undervalued securities and short-selling overvalued ones. The agency can also pursue particular alternatives methods, which may contain distinct transaction prices and pricing buildings. The success of those approaches depends closely on the agency’s potential to precisely assess market alternatives, a course of that’s inherently advanced and topic to fluctuations. Market volatility and financial disruptions can result in unexpected losses, requiring the agency to make strategic changes to guard investor capital.
Regardless of the dangers, Jericho Capital’s method appeals to traders in search of different funding methods with the potential for top returns. By leveraging its experience in fairness markets, the agency positions itself as a key participant within the hedge fund trade. Whereas its funding types contain substantial dangers, its observe document and disciplined funding framework make it a notable selection for these prepared to embrace volatility in pursuit of long-term beneficial properties.
Presently the founder and managing accomplice of Jericho Capital, Josh Resnick performed a key position at TCS Capital earlier than launching Jericho Capital. TCS Capital was a outstanding TMT-focused hedge fund that he joined shortly after its inception in 2001. Resnick’s intensive expertise in finance and funding spans a number of industries, with a concentrate on figuring out high-growth alternatives inside quickly evolving markets. Previous to his tenure at TCS Capital, Resnick served as a Managing Director at KPE Ventures, a New York-based enterprise capital agency devoted to investments in media, leisure, and expertise. His experience in enterprise improvement was additional honed throughout his time at Fox Leisure Group in Los Angeles, the place he was a part of a strategic crew overseeing enlargement initiatives. He started his profession in funding banking at Bear Stearns, working within the media and leisure sector, the place he gained important expertise in mergers, acquisitions, and company finance.
Resnick holds a Bachelor of Arts diploma in Economics from Emory College, the place he graduated Summa Cum Laude. His tutorial background offered a powerful basis for his profession in funding administration, equipping him with analytical abilities important for navigating advanced monetary markets. Past his skilled achievements, Resnick is actively concerned in philanthropy. He serves on the Board of Administrators of the Little one Thoughts Institute in New York Metropolis, a nonprofit group devoted to supporting kids with psychological well being and studying issues. His dedication to each finance and social impression underscores his well-rounded management within the funding world.
As of its newest submitting for the fourth quarter of 2024, Jericho Capital Asset Administration reported managing roughly $7 billion in 13F securities. The agency maintains a reasonably concentrated portfolio, with its high ten holdings making up 64.13% of complete belongings. This stage of focus suggests a high-conviction funding technique, the place the agency locations vital emphasis on a choose group of shares it believes have sturdy progress potential. The agency’s funding selections replicate its concentrate on the worldwide expertise, media, and telecommunications sectors, indicating confidence within the long-term progress prospects of those industries. Total, Jericho Capital’s portfolio construction highlights its strategic focus and deep trade experience. Its funding method aligns with a perception in innovation-driven sectors, making it a key participant within the hedge fund panorama.
The shares mentioned under had been picked from Jericho Capital Asset Administration’s This fall 2024 13F filings. They’re compiled within the ascending order of the hedge fund’s stake in them as of December 31, 2024. To help readers with extra context, we have now included the hedge fund sentiment concerning every inventory utilizing information from 1009 hedge funds tracked by Insider Monkey within the fourth quarter of 2024.
Why are we within the shares that hedge funds pile into? The reason being easy: our analysis has proven that we are able to outperform the market by imitating the highest inventory picks of the perfect hedge funds. Our quarterly e-newsletter’s technique selects 14 small-cap and large-cap shares each quarter and has returned 373.4% since Might 2014, beating its benchmark by 218 proportion factors (see more details here).
Analyst Says Reside Nation Leisure (LYV) is ‘Extraordinarily Oversold’
A bunch of individuals in a big music venue, having fun with a vibrant live performance.
Variety of Hedge Fund Holders as of This fall: 60
Jericho Capital Asset Administration’s Fairness Stake: $415.45 Million
Reside Nation Leisure, Inc. (NYSE:LYV), a worldwide chief in reside occasion promotion and ticket gross sales, reported record-breaking monetary outcomes for 2024, reflecting the surging demand for reside music. The corporate noticed its live performance attendance rise by 4%, with 151 million followers attending over 50,000 occasions worldwide—a rise of 9% from the earlier yr. This progress contributed to a record-high adjusted working earnings (AOI) for its concert events phase, which surged by 65% to $530 million, with margins reaching 2.8%.
Reside Nation Leisure, Inc. (NYSE:LYV)’s general monetary efficiency was sturdy, with working earnings reaching $825 million and adjusted working earnings hitting $2.15 billion. The corporate additionally exceeded market expectations, reporting earnings of $0.56 per share for the quarter that led to December 2024, beating analyst estimates by $1.70. Income for the quarter got here in at $5.68 billion, surpassing projections by $22 million. CEO Michael Rapino highlighted 2024 as the most important yr but for reside music, with 2025 anticipated to be even stronger, pushed by a sturdy international live performance pipeline and an growing variety of stadium exhibits. To assist this momentum, Reside Nation Leisure, Inc. (NYSE:LYV) is investing in music-centric venues and increasing its assist for artists, with investments in performers greater than doubling over the previous 5 years.
Wanting forward, the corporate stays targeted on long-term progress by reinvesting within the reside music trade whereas enhancing the fan expertise. Reside Nation Leisure, Inc. (NYSE:LYV)’s technique contains constructing new venues to accommodate rising demand, making certain its working earnings and AOI proceed to develop at double-digit charges. As reside music stays a dominant pressure in international leisure, the corporate’s dedication to artists, followers, and infrastructure positions it for continued success within the coming years.
By the tip of This fall 2024, Resnick owned greater than 3.2 million shares of Reside Nation Leisure, Inc. (NYSE:LYV), with a complete worth of roughly $415.45 million. This positioned the inventory because the fourth-highest on the checklist of high 10 shares to purchase in keeping with Jericho Capital Asset Administration.
Total, LYV ranks 4th on our checklist of high shares to purchase in keeping with Jericho Capital Asset Administration. Whereas we acknowledge the potential for LYV as an funding, our conviction lies within the perception that some AI shares maintain larger promise for delivering larger returns and doing so inside a shorter timeframe. If you’re searching for an AI inventory that’s extra promising than LYV however that trades at lower than 5 instances its earnings, take a look at our report concerning the cheapest AI stock.
