Helios Capital Management PTE. Ltd. Makes New Investment in Live Nation Entertainment, Inc. $LYV

Helios Capital Management PTE. Ltd. purchased a new position in Live Nation Entertainment, Inc. (NYSE:LYV) in the second quarter, Holdings Channel.com reports. The firm purchased 20,000 shares of the company’s stock, valued at approximately $3,026,000. Live Nation Entertainment makes up approximately 2.3% of Helios Capital Management PTE. Ltd.’s investment portfolio, making the stock its 16th biggest holding.

A number of other institutional investors have also bought and sold shares of LYV. Wayfinding Financial LLC purchased a new stake in Live Nation Entertainment in the 1st quarter worth $30,000. GW&K Investment Management LLC grew its position in shares of Live Nation Entertainment by 690.2% during the first quarter. GW&K Investment Management LLC now owns 324 shares of the company’s stock valued at $42,000 after purchasing an additional 283 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Live Nation Entertainment during the first quarter valued at about $42,000. Private Trust Co. NA grew its position in shares of Live Nation Entertainment by 94.2% during the first quarter. Private Trust Co. NA now owns 404 shares of the company’s stock valued at $53,000 after purchasing an additional 196 shares in the last quarter. Finally, TD Private Client Wealth LLC purchased a new position in shares of Live Nation Entertainment during the second quarter valued at about $62,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Trading Down 10.5%

LYV opened at $134.89 on Thursday. The firm has a market cap of $31.63 billion, a P/E ratio of 58.39, a P/E/G ratio of 12.85 and a beta of 1.40. Live Nation Entertainment, Inc. has a 12 month low of $112.88 and a 12 month high of $175.25. 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 moving average of $159.34 and a 200 day moving average of $150.93.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.81). The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.87 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 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.66 EPS. As a group, research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LYV shares. Guggenheim cut their price objective on Live Nation Entertainment from $182.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on Live Nation Entertainment from $180.00 to $172.00 and set an “overweight” rating for the company in a research report on Wednesday. Rothschild Redb lowered Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Live Nation Entertainment in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Live Nation Entertainment from $175.00 to $173.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Nineteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.35.

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.