Daymark Wealth Partners LLC Purchases Shares of 1,660 Live Nation Entertainment, Inc. $LYV

Daymark Wealth Partners LLC purchased a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,660 shares of the company’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LYV. Wayfinding Financial LLC acquired a new position in Live Nation Entertainment during the first quarter valued at approximately $30,000. Chilton Capital Management LLC acquired a new position in Live Nation Entertainment during the first quarter valued at approximately $33,000. GW&K Investment Management LLC grew its holdings in Live Nation Entertainment by 690.2% during the first quarter. GW&K Investment Management LLC now owns 324 shares of the company’s stock valued at $42,000 after purchasing an additional 283 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Live Nation Entertainment during the first quarter valued at approximately $42,000. Finally, Private Trust Co. NA grew its holdings in Live Nation Entertainment by 94.2% during the first quarter. Private Trust Co. NA now owns 404 shares of the company’s stock valued at $53,000 after purchasing an additional 196 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Stock Up 1.1%

LYV opened at $149.70 on Friday. Live Nation Entertainment, Inc. has a fifty-two week low of $112.88 and a fifty-two week high of $175.25. The company has a debt-to-equity ratio of 5.38, a current ratio of 0.88 and a quick ratio of 0.88. The firm’s fifty day moving average price is $160.60 and its two-hundred day moving average price is $150.39. The company has a market capitalization of $35.10 billion, a P/E ratio of 64.81, a P/E/G ratio of 12.85 and a beta of 1.40.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. On average, analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on LYV. The Goldman Sachs Group increased their price objective on Live Nation Entertainment from $168.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Rothschild Redb cut Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on Live Nation Entertainment from $175.00 to $173.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Rothschild & Co Redburn cut Live Nation Entertainment from a “buy” rating to a “neutral” rating and increased their price objective for the company from $144.00 to $170.00 in a research report on Tuesday, September 16th. Finally, Benchmark increased their price objective on Live Nation Entertainment from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Eighteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.89.

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.