Berger Financial Group Inc Raises Stock Holdings in Live Nation Entertainment, Inc. $LYV

Berger Financial Group Inc boosted its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,463 shares of the company’s stock after purchasing an additional 718 shares during the quarter. Berger Financial Group Inc’s holdings in Live Nation Entertainment were worth $5,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wayfinding Financial LLC purchased a new stake in shares of Live Nation Entertainment during the 1st quarter valued at $30,000. Chilton Capital Management LLC purchased a new stake in Live Nation Entertainment during the first quarter valued at about $33,000. GW&K Investment Management LLC lifted its stake in Live Nation Entertainment by 690.2% during the first quarter. GW&K Investment Management LLC now owns 324 shares of the company’s stock worth $42,000 after purchasing an additional 283 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Live Nation Entertainment in the 1st quarter worth about $42,000. Finally, Private Trust Co. NA increased its position in shares of Live Nation Entertainment by 94.2% during 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. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LYV. Susquehanna set a $165.00 target price on Live Nation Entertainment and gave the stock a “positive” rating in a research note on Tuesday, June 10th. Wolfe Research increased their target price on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the company an “outperform” rating in a report on Tuesday, June 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Live Nation Entertainment in a research note on Saturday, September 27th. Guggenheim reaffirmed a “buy” rating and set a $170.00 price objective on shares of Live Nation Entertainment in a research note on Wednesday, June 18th. Finally, The Goldman Sachs Group lifted their price objective on Live Nation Entertainment from $168.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday. Eighteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $171.42.

Live Nation Entertainment Price Performance

LYV stock opened at $156.01 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 firm’s 50-day moving average price is $161.58 and its two-hundred day moving average price is $146.70. The stock has a market capitalization of $36.58 billion, a price-to-earnings ratio of 67.54, a PEG ratio of 10.63 and a beta of 1.40. Live Nation Entertainment, Inc. has a 12-month low of $109.15 and a 12-month high of $175.25.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results 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). The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.93 billion. Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%.The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 earnings per share. As a group, equities analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

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.