Coldstream Capital Management Inc. Reduces Holdings in Live Nation Entertainment, Inc. $LYV

Coldstream Capital Management Inc. lowered its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 25.0% during the second quarter, Holdings Channel reports. The firm owned 2,381 shares of the company’s stock after selling 795 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Live Nation Entertainment were worth $360,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Clearstead Trust LLC increased its position in Live Nation Entertainment by 469.0% during the second quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock worth $25,000 after buying an additional 136 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Live Nation Entertainment during the first quarter worth approximately $42,000. TD Private Client Wealth LLC acquired a new position in shares of Live Nation Entertainment in the 2nd quarter valued at $62,000. Allworth Financial LP raised its position in Live Nation Entertainment by 48.8% in the 2nd quarter. Allworth Financial LP now owns 448 shares of the company’s stock valued at $68,000 after purchasing an additional 147 shares during the last quarter. Finally, Brooklyn Investment Group boosted its stake in Live Nation Entertainment by 95.3% during the 1st quarter. Brooklyn Investment Group now owns 617 shares of the company’s stock worth $81,000 after purchasing an additional 301 shares during the period. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Performance

Shares of LYV stock opened at $131.45 on Friday. 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 stock has a 50 day simple moving average of $147.89 and a 200-day simple moving average of $150.92. The company has a market cap of $30.86 billion, a price-to-earnings ratio of 56.91, a price-to-earnings-growth ratio of 12.85 and a beta of 1.37. Live Nation Entertainment, Inc. has a 12-month low of $112.88 and a 12-month high of $175.25.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LYV shares. Weiss Ratings restated a “hold (c+)” rating on shares of Live Nation Entertainment in a research note on Monday. Roth Capital dropped 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. Moffett Nathanson assumed coverage on Live Nation Entertainment in a research report on Monday, August 18th. They set a “buy” rating and a $195.00 price objective for the company. Susquehanna boosted their target price on Live Nation Entertainment from $174.00 to $175.00 and gave the company a “positive” rating in a report on Monday, November 3rd. Finally, Rothschild & Co Redburn downgraded Live Nation Entertainment from a “buy” rating to a “neutral” rating and increased their price target for the stock from $144.00 to $170.00 in a report on Tuesday, September 16th. Nineteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Live Nation Entertainment presently has an average rating of “Moderate Buy” and an average price target of $173.50.

About Live Nation Entertainment

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.