Realta Investment Advisors Acquires New Position in Live Nation Entertainment, Inc. $LYV

Realta Investment Advisors bought a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,584 shares of the company’s stock, valued at approximately $912,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clearstead Trust LLC grew its holdings in shares of Live Nation Entertainment by 469.0% in the 2nd quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock worth $25,000 after acquiring an additional 136 shares during the period. Atwood & Palmer Inc. purchased a new stake in Live Nation Entertainment during the third quarter worth $33,000. Heartwood Wealth Advisors LLC acquired a new stake in Live Nation Entertainment in the third quarter valued at $34,000. Measured Risk Portfolios Inc. purchased a new position in shares of Live Nation Entertainment in the third quarter valued at $37,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Live Nation Entertainment during the 2nd quarter worth $56,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Down 1.0%

LYV stock opened at $144.00 on Thursday. The company has a 50 day moving average price of $139.23 and a two-hundred day moving average price of $150.53. The company has a debt-to-equity ratio of 5.41, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $33.80 billion, a P/E ratio of 104.35, a PEG ratio of 9.31 and a beta of 1.20. Live Nation Entertainment, Inc. has a one year low of $112.88 and a one year high of $175.25.

Live Nation Entertainment (NYSE:LYV) last issued 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 for the quarter, compared to analysts’ expectations of $8.87 billion. Live Nation Entertainment had a return on equity of 97.90% and a net margin of 3.66%.The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 EPS. As a group, sell-side analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LYV. Benchmark restated a “buy” rating on shares of Live Nation Entertainment in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Live Nation Entertainment in a research report on Monday, December 29th. Roth Capital lowered their target price on Live Nation Entertainment from $180.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Citigroup dropped their price target on Live Nation Entertainment from $195.00 to $181.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Finally, Morgan Stanley reduced their price objective on Live Nation Entertainment from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Eighteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.25.

Live Nation Entertainment Company Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.