Live Nation Entertainment, Inc. $LYV Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lowered its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,490 shares of the company’s stock after selling 133 shares during the period. Institute for Wealth Management LLC.’s holdings in Live Nation Entertainment were worth $377,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LYV. Wayfinding Financial LLC purchased a new position in shares of Live Nation Entertainment in the first quarter worth approximately $30,000. Chilton Capital Management LLC purchased a new position in shares of Live Nation Entertainment in the first quarter worth approximately $33,000. N.E.W. Advisory Services LLC purchased a new position in shares of Live Nation Entertainment in the first quarter worth approximately $42,000. GW&K Investment Management LLC increased its position in shares of Live Nation Entertainment by 690.2% in the first quarter. GW&K Investment Management LLC now owns 324 shares of the company’s stock worth $42,000 after acquiring an additional 283 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of Live Nation Entertainment by 94.2% in the first quarter. Private Trust Co. NA now owns 404 shares of the company’s stock worth $53,000 after acquiring an additional 196 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

Shares of Live Nation Entertainment stock opened at $156.76 on Friday. The firm has a fifty day simple moving average of $161.52 and a 200-day simple moving average of $146.28. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38. Live Nation Entertainment, Inc. has a 1-year low of $107.65 and a 1-year high of $175.25. The stock has a market capitalization of $36.76 billion, a price-to-earnings ratio of 67.86, a PEG ratio of 10.80 and a beta of 1.40.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Live Nation Entertainment’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, sell-side analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

LYV has been the topic of several analyst reports. Morgan Stanley set a $180.00 target price on shares of Live Nation Entertainment in a research report on Thursday, July 24th. Citigroup lifted their target price on shares of Live Nation Entertainment from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Susquehanna set a $165.00 price target on shares of Live Nation Entertainment and gave the stock a “positive” rating in a report on Tuesday, June 10th. Rothschild Redb cut shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Finally, Rothschild & Co Redburn cut shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and raised their price target for the stock from $144.00 to $170.00 in a report on Tuesday, September 16th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.21.

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.