Clarius Group LLC Has $254,000 Stock Position in Live Nation Entertainment, Inc. $LYV

Clarius Group LLC lowered its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,680 shares of the company’s stock after selling 113 shares during the quarter. Clarius Group LLC’s holdings in Live Nation Entertainment were worth $254,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of Live Nation Entertainment in the 1st quarter valued at approximately $30,000. Chilton Capital Management LLC acquired a new stake in Live Nation Entertainment in the first quarter valued at approximately $33,000. GW&K Investment Management LLC grew its position in 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. N.E.W. Advisory Services LLC bought a new position in shares of Live Nation Entertainment during the 1st quarter valued at $42,000. Finally, Private Trust Co. NA lifted its stake in shares of Live Nation Entertainment by 94.2% in the 1st quarter. Private Trust Co. NA now owns 404 shares of the company’s stock valued at $53,000 after purchasing an additional 196 shares during the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LYV has been the topic of several analyst reports. Guggenheim reissued a “buy” rating and set a $170.00 target price on shares of Live Nation Entertainment in a research report on Wednesday, June 18th. Rothschild & Co Redburn lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating and increased their price objective for the company from $144.00 to $170.00 in a report on Tuesday, September 16th. Morgan Stanley set a $180.00 target price on Live Nation Entertainment in a report on Thursday, July 24th. Citigroup increased their price target on Live Nation Entertainment from $165.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Finally, Wolfe Research boosted their price objective on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 10th. Eighteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $171.42.

Live Nation Entertainment Price Performance

Shares of Live Nation Entertainment stock opened at $156.02 on Tuesday. The company has a debt-to-equity ratio of 5.38, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $36.58 billion, a PE ratio of 67.54, a price-to-earnings-growth ratio of 10.63 and a beta of 1.40. The firm has a fifty day moving average price of $161.64 and a two-hundred day moving average price of $147.11. Live Nation Entertainment, Inc. has a fifty-two week low of $110.21 and a fifty-two week high of $175.25.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. Analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current 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.