3,110 Shares in Live Nation Entertainment, Inc. $LYV Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. purchased a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,110 shares of the company’s stock, valued at approximately $470,000.

Several other institutional investors have also recently made changes to their positions in the company. Texas Yale Capital Corp. bought a new stake in Live Nation Entertainment during the second quarter valued at $639,000. Andra AP fonden bought a new stake in shares of Live Nation Entertainment during the 2nd quarter valued at about $574,000. Helios Capital Management PTE. Ltd. purchased a new position in shares of Live Nation Entertainment during the second quarter worth about $3,026,000. Resona Asset Management Co. Ltd. increased its position in shares of Live Nation Entertainment by 5.3% in the second quarter. Resona Asset Management Co. Ltd. now owns 52,706 shares of the company’s stock worth $7,963,000 after purchasing an additional 2,663 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. purchased a new stake in Live Nation Entertainment in the second quarter valued at approximately $5,389,000. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Down 1.0%

LYV opened at $141.98 on Wednesday. Live Nation Entertainment, Inc. has a 12 month low of $112.88 and a 12 month high of $175.25. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38. The business’s 50-day moving average price is $157.32 and its 200-day moving average price is $151.39. The company has a market cap of $33.33 billion, a P/E ratio of 61.46, a P/E/G ratio of 12.85 and a beta of 1.37.

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Rothschild Redb cut shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Live Nation Entertainment from $175.00 to $173.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Roth Capital lowered their price target on Live Nation Entertainment from $180.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Citigroup dropped their price target on Live Nation Entertainment from $195.00 to $181.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group increased their price objective on Live Nation Entertainment from $168.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Eighteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $174.84.

Live Nation Entertainment Company 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.