Live Nation Entertainment, Inc. $LYV Stake Lowered by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. decreased its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 13.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,106 shares of the company’s stock after selling 3,547 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Live Nation Entertainment were worth $3,776,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vident Advisory LLC lifted its stake in Live Nation Entertainment by 2.1% in the second quarter. Vident Advisory LLC now owns 3,622 shares of the company’s stock valued at $548,000 after buying an additional 75 shares during the last quarter. Private Trust Co. NA lifted its position in Live Nation Entertainment by 24.4% in the 3rd quarter. Private Trust Co. NA now owns 418 shares of the company’s stock valued at $68,000 after purchasing an additional 82 shares during the last quarter. Alteri Wealth LLC boosted its stake in Live Nation Entertainment by 5.1% during the 3rd quarter. Alteri Wealth LLC now owns 1,841 shares of the company’s stock valued at $301,000 after purchasing an additional 89 shares during the period. Greenleaf Trust grew its position in Live Nation Entertainment by 5.8% in the 3rd quarter. Greenleaf Trust now owns 1,680 shares of the company’s stock worth $275,000 after purchasing an additional 92 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Live Nation Entertainment by 15.8% in 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. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Trading Down 0.1%

Shares of LYV opened at $158.10 on Wednesday. The business’s 50-day moving average price is $146.85 and its 200 day moving average price is $150.37. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 8.51. The stock has a market capitalization of $37.12 billion, a P/E ratio of -658.74, a P/E/G ratio of 18.85 and a beta of 1.18. Live Nation Entertainment, Inc. has a 1-year low of $112.88 and a 1-year high of $175.25.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, February 19th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($0.06). The business had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Live Nation Entertainment had a net margin of 1.79% and a return on equity of 48.11%. Live Nation Entertainment’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS. Analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on LYV. Wolfe Research increased their price objective on Live Nation Entertainment from $175.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. JPMorgan Chase & Co. increased their price target on Live Nation Entertainment from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Evercore reissued an “outperform” rating and set a $198.00 price target on shares of Live Nation Entertainment in a report on Friday. Roth Mkm reaffirmed a “buy” rating and issued a $190.00 price objective on shares of Live Nation Entertainment in a report on Friday. Finally, Bank of America raised their target price on shares of Live Nation Entertainment from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Twenty research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $179.95.

Live Nation Entertainment Company Profile

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.