BSW Wealth Partners Acquires 175 Shares of Live Nation Entertainment, Inc. $LYV

BSW Wealth Partners raised its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYVFree Report) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,665 shares of the company’s stock after purchasing an additional 175 shares during the period. BSW Wealth Partners’ holdings in Live Nation Entertainment were worth $403,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new position in shares of Live Nation Entertainment in the first quarter worth approximately $1,153,000. Praxis Investment Management Inc. lifted its position in shares of Live Nation Entertainment by 45.2% in the 1st quarter. Praxis Investment Management Inc. now owns 5,560 shares of the company’s stock worth $726,000 after purchasing an additional 1,730 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of Live Nation Entertainment in the 1st quarter valued at $272,000. Teacher Retirement System of Texas acquired a new stake in shares of Live Nation Entertainment during the first quarter worth $3,081,000. Finally, Personal CFO Solutions LLC bought a new position in Live Nation Entertainment during the first quarter worth $277,000. Institutional investors own 74.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on LYV shares. Rothschild Redb downgraded Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Oppenheimer raised their target price on Live Nation Entertainment from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Rothschild & Co Redburn lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating and boosted their price target for the company from $144.00 to $170.00 in a research note on Tuesday, September 16th. Guggenheim reaffirmed a “buy” rating and set a $170.00 price objective on shares of Live Nation Entertainment in a research report on Wednesday, June 18th. Finally, Susquehanna set a $165.00 target price on shares of Live Nation Entertainment and gave the company a “positive” rating in a research report on Tuesday, June 10th. Eighteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Live Nation Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $171.21.

View Our Latest Research Report on LYV

Live Nation Entertainment Trading Down 1.3%

NYSE LYV opened at $156.76 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 5.38. Live Nation Entertainment, Inc. has a 52 week low of $107.65 and a 52 week high of $175.25. The business has a 50 day moving average price of $161.52 and a 200-day moving average price of $146.28. The company has a market cap of $36.76 billion, a price-to-earnings ratio of 67.86, a P/E/G ratio of 10.80 and a beta of 1.40.

Live Nation Entertainment (NYSE:LYVGet Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.67). Live Nation Entertainment had a net margin of 3.88% and a return on equity of 105.85%. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the previous year, the business posted $1.03 EPS. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, equities analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

About Live Nation Entertainment

(Free Report)

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.

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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