Capital Investment Counsel Inc Grows Position in Live Nation Entertainment, Inc. $LYV

Capital Investment Counsel Inc increased its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 12.0% in the second quarter, Holdings Channel reports. The firm owned 3,910 shares of the company’s stock after buying an additional 420 shares during the period. Capital Investment Counsel Inc’s holdings in Live Nation Entertainment were worth $592,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC increased its position in shares of Live Nation Entertainment by 2.5% during the second quarter. Fifth Third Wealth Advisors LLC now owns 2,828 shares of the company’s stock valued at $428,000 after acquiring an additional 69 shares during the last quarter. Gilbert & Cook Inc. boosted its position in shares of Live Nation Entertainment by 1.4% during the 1st quarter. Gilbert & Cook Inc. now owns 5,538 shares of the company’s stock worth $723,000 after purchasing an additional 75 shares during the period. Central Pacific Bank Trust Division increased its holdings in Live Nation Entertainment by 1.8% in the 2nd quarter. Central Pacific Bank Trust Division now owns 5,521 shares of the company’s stock valued at $835,000 after purchasing an additional 97 shares during the last quarter. Trust Asset Management LLC raised its position in Live Nation Entertainment by 5.8% in the first quarter. Trust Asset Management LLC now owns 1,785 shares of the company’s stock valued at $233,000 after purchasing an additional 98 shares during the period. Finally, Callan Family Office LLC lifted its stake in Live Nation Entertainment by 1.8% during the first quarter. Callan Family Office LLC now owns 5,604 shares of the company’s stock worth $732,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LYV. Benchmark reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research note on Tuesday, November 4th. JPMorgan Chase & Co. dropped their target price on Live Nation Entertainment from $180.00 to $172.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Rothschild Redb cut shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Citigroup dropped their price objective on shares of Live Nation Entertainment from $195.00 to $181.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Finally, Oppenheimer upped their target price on shares of Live Nation Entertainment from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Eighteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Live Nation Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $174.84.

Live Nation Entertainment Stock Performance

Shares of Live Nation Entertainment stock opened at $140.60 on Thursday. The business has a 50-day simple moving average of $156.89 and a 200-day simple moving average of $151.32. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.88 and a current ratio of 0.88. Live Nation Entertainment, Inc. has a one year low of $112.88 and a one year high of $175.25. The company has a market cap of $33.00 billion, a PE ratio of 60.87, a P/E/G ratio of 12.85 and a beta of 1.37.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Tuesday, November 4th. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.81). Live Nation Entertainment had a net margin of 3.88% and a return on equity of 105.85%. The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.87 billion. During the same period last year, the business earned $1.66 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

About Live Nation Entertainment

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.