Vise Technologies Inc. Acquires New Shares in Live Nation Entertainment, Inc. $LYV

Vise Technologies Inc. acquired a new position in Live Nation Entertainment, Inc. (NYSE:LYV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,209 shares of the company’s stock, valued at approximately $954,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC grew its stake in shares of Live Nation Entertainment by 3.3% in the first quarter. Empowered Funds LLC now owns 17,376 shares of the company’s stock worth $2,269,000 after acquiring an additional 547 shares during the period. EverSource Wealth Advisors LLC lifted its position in Live Nation Entertainment by 15.8% during the second quarter. EverSource Wealth Advisors LLC now owns 798 shares of the company’s stock valued at $121,000 after purchasing an additional 109 shares during the period. Cerity Partners LLC boosted its holdings in Live Nation Entertainment by 6.0% in the second quarter. Cerity Partners LLC now owns 27,496 shares of the company’s stock worth $4,160,000 after purchasing an additional 1,550 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Live Nation Entertainment by 15.9% in the second quarter. Daiwa Securities Group Inc. now owns 26,340 shares of the company’s stock worth $3,983,000 after purchasing an additional 3,604 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in Live Nation Entertainment by 344.3% in the 2nd quarter. NewEdge Advisors LLC now owns 2,208 shares of the company’s stock worth $334,000 after purchasing an additional 1,711 shares during the period. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Trading Up 0.1%

Shares of Live Nation Entertainment stock opened at $182.28 on Friday. Live Nation Entertainment, Inc. has a 1-year low of $125.34 and a 1-year high of $189.24. The company’s fifty day simple moving average is $180.20 and its 200-day simple moving average is $166.31. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $42.95 billion, a PE ratio of -161.31 and a beta of 1.12.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.66 by $0.39. Live Nation Entertainment had a return on equity of 54.61% and a net margin of 0.34%.The firm had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period in the prior year, the business posted $0.41 EPS. Live Nation Entertainment’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate that Live Nation Entertainment, Inc. will post 1.05 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LYV shares. Guggenheim increased their price target on Live Nation Entertainment from $197.00 to $218.00 and gave the company a “buy” rating in a report on Friday, July 31st. Zacks Research raised Live Nation Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Benchmark upped their price objective on Live Nation Entertainment from $190.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings raised Live Nation Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Finally, BTIG Research reissued a “buy” rating and issued a $215.00 target price on shares of Live Nation Entertainment in a research report on Friday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $197.19.

About Live Nation Entertainment

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.