Private Capital Advisors Inc. Makes New $464,000 Investment in Live Nation Entertainment, Inc. $LYV

Private Capital Advisors Inc. acquired a new stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) in the second quarter, HoldingsChannel.com reports. The fund acquired 3,065 shares of the company’s stock, valued at approximately $464,000.

Other hedge funds have also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Live Nation Entertainment during the 1st quarter valued at $30,000. Chilton Capital Management LLC bought a new stake in shares of Live Nation Entertainment during the 1st quarter valued at $33,000. GW&K Investment Management LLC grew 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 acquiring an additional 283 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Live Nation Entertainment during the 1st quarter valued at $42,000. Finally, Private Trust Co. NA grew its position in shares of Live Nation Entertainment by 94.2% during the 1st quarter. Private Trust Co. NA now owns 404 shares of the company’s stock valued at $53,000 after acquiring an additional 196 shares during the period. Institutional investors own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

LYV has been the subject of a number of recent research reports. Rothschild Redb downgraded shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Benchmark upped their target price on shares of Live Nation Entertainment from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, September 26th. 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 report on Tuesday, August 12th. Morgan Stanley set a $180.00 target price on shares of Live Nation Entertainment in a report on Thursday, July 24th. Finally, The Goldman Sachs Group upped their target price on shares of Live Nation Entertainment from $168.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.42.

Live Nation Entertainment Stock Up 0.3%

Shares of LYV stock opened at $157.18 on Wednesday. The stock has a market cap of $36.85 billion, a P/E ratio of 68.04, a PEG ratio of 12.24 and a beta of 1.40. Live Nation Entertainment, Inc. has a 52 week low of $112.88 and a 52 week high of $175.25. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 5.38. The company’s fifty day simple moving average is $162.25 and its two-hundred day simple moving average is $148.96.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.67). The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. Analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

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.