Cambridge Investment Research Advisors Inc. Increases Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Cambridge Investment Research Advisors Inc. lifted its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 18.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,621 shares of the company’s stock after purchasing an additional 1,187 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Live Nation Entertainment were worth $645,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. NEXT Financial Group Inc boosted its holdings in Live Nation Entertainment by 448.1% in the 4th quarter. NEXT Financial Group Inc now owns 444 shares of the company’s stock worth $32,000 after buying an additional 363 shares during the last quarter. Signaturefd LLC boosted its holdings in Live Nation Entertainment by 92.9% in the 4th quarter. Signaturefd LLC now owns 486 shares of the company’s stock worth $36,000 after buying an additional 234 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Live Nation Entertainment by 76.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 509 shares of the company’s stock worth $37,000 after buying an additional 220 shares during the last quarter. Vantage Consulting Group Inc acquired a new stake in Live Nation Entertainment in the 4th quarter worth about $41,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Live Nation Entertainment by 51.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 514 shares of the company’s stock worth $44,000 after buying an additional 174 shares during the last quarter. Institutional investors own 71.66% of the company’s stock.

LYV has been the topic of several research analyst reports. Jefferies Financial Group upgraded Live Nation Entertainment from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $88.00 to $96.00 in a report on Monday, May 10th. Morgan Stanley boosted their target price on Live Nation Entertainment from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 5th. Zacks Investment Research cut Live Nation Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, May 5th. Wolfe Research began coverage on Live Nation Entertainment in a report on Wednesday, May 19th. They set an “outperform” rating and a $97.00 target price on the stock. Finally, Cowen boosted their target price on Live Nation Entertainment from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, February 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $75.86.

LYV stock opened at $87.01 on Friday. The stock has a market cap of $19.03 billion, a price-to-earnings ratio of -10.12 and a beta of 1.38. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 19.63. The firm’s 50 day moving average price is $85.01. Live Nation Entertainment, Inc. has a one year low of $42.21 and a one year high of $94.63.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Thursday, May 6th. The company reported ($1.44) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.66) by $0.22. The firm had revenue of $290.60 million for the quarter, compared to analyst estimates of $287.45 million. Live Nation Entertainment had a negative net margin of 234.83% and a negative return on equity of 1,833.44%. The business’s revenue for the quarter was down 78.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.94) EPS. On average, sell-side analysts forecast that Live Nation Entertainment, Inc. will post -3.49 EPS for the current fiscal year.

Live Nation Entertainment Profile

Live Nation Entertainment, Inc operates as a live entertainment company. 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; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists.

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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