Live Nation Entertainment, Inc. $LYV Holdings Decreased by Clarius Group LLC

Clarius Group LLC lowered its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,680 shares of the company’s stock after selling 113 shares during the quarter. Clarius Group LLC’s holdings in Live Nation Entertainment were worth $254,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wayfinding Financial LLC bought a new position in shares of Live Nation Entertainment in the first quarter valued at approximately $30,000. Chilton Capital Management LLC bought a new position in Live Nation Entertainment during the 1st quarter valued at $33,000. GW&K Investment Management LLC increased its position in shares of Live Nation Entertainment by 690.2% during the 1st 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 period. N.E.W. Advisory Services LLC bought a new stake in shares of Live Nation Entertainment in the 1st quarter worth $42,000. Finally, Private Trust Co. NA lifted its holdings in shares of Live Nation Entertainment by 94.2% in the first quarter. Private Trust Co. NA now owns 404 shares of the company’s stock valued at $53,000 after buying an additional 196 shares during the period. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Stock Down 0.2%

NYSE:LYV opened at $156.02 on Tuesday. The business’s fifty day moving average price is $161.64 and its 200 day moving average price is $147.11. The firm has a market capitalization of $36.58 billion, a price-to-earnings ratio of 67.54, a PEG ratio of 10.63 and a beta of 1.40. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38. Live Nation Entertainment, Inc. has a 1-year low of $110.21 and a 1-year high of $175.25.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Live Nation Entertainment from $168.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Susquehanna set a $165.00 price target on Live Nation Entertainment and gave the company a “positive” rating in a report on Tuesday, June 10th. Guggenheim reaffirmed a “buy” rating and set a $170.00 target price on shares of Live Nation Entertainment in a research report on Wednesday, June 18th. Oppenheimer upped their target price on Live Nation Entertainment from $165.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Finally, Morgan Stanley set a $180.00 price target on Live Nation Entertainment in a research note on Thursday, July 24th. Eighteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.42.

Live Nation Entertainment 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.