Cwm LLC Has $188,000 Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Cwm LLC grew its holdings in Live Nation Entertainment, Inc. (NYSE:LYVGet Rating) by 88.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,467 shares of the company’s stock after purchasing an additional 1,158 shares during the period. Cwm LLC’s holdings in Live Nation Entertainment were worth $188,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fieldpoint Private Securities LLC raised its holdings in shares of Live Nation Entertainment by 357.1% in the second quarter. Fieldpoint Private Securities LLC now owns 320 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Live Nation Entertainment by 274.4% in the second quarter. Tortoise Investment Management LLC now owns 337 shares of the company’s stock valued at $28,000 after purchasing an additional 247 shares during the last quarter. CX Institutional acquired a new stake in shares of Live Nation Entertainment in the second quarter valued at approximately $31,000. SOA Wealth Advisors LLC. raised its holdings in shares of Live Nation Entertainment by 689.6% in the third quarter. SOA Wealth Advisors LLC. now owns 379 shares of the company’s stock valued at $28,000 after purchasing an additional 331 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Live Nation Entertainment by 153.0% in the first quarter. Parkside Financial Bank & Trust now owns 415 shares of the company’s stock valued at $48,000 after buying an additional 251 shares in the last quarter. 69.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on LYV. Citigroup raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and decreased their target price for the company from $90.00 to $82.00 in a research note on Monday, November 28th. Redburn Partners began coverage on shares of Live Nation Entertainment in a research note on Tuesday, November 22nd. They issued a “neutral” rating for the company. StockNews.com raised shares of Live Nation Entertainment from a “hold” rating to a “buy” rating in a research note on Wednesday, October 19th. Guggenheim decreased their target price on shares of Live Nation Entertainment from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, October 7th. Finally, Jefferies Financial Group decreased their target price on shares of Live Nation Entertainment from $120.00 to $92.00 in a research note on Thursday, December 8th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.67.

Insider Activity

In other Live Nation Entertainment news, Director Jimmy Iovine bought 13,740 shares of Live Nation Entertainment stock in a transaction dated Thursday, December 1st. The stock was bought at an average price of $73.28 per share, with a total value of $1,006,867.20. Following the completion of the transaction, the director now owns 13,740 shares in the company, valued at approximately $1,006,867.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.01% of the stock is currently owned by company insiders.

Live Nation Entertainment Trading Up 2.1 %

Shares of Live Nation Entertainment stock opened at $74.66 on Monday. The firm has a 50-day moving average of $71.35 and a 200-day moving average of $81.10. The stock has a market cap of $17.24 billion, a PE ratio of 106.66 and a beta of 1.26. Live Nation Entertainment, Inc. has a 52-week low of $65.05 and a 52-week high of $126.79. The company has a debt-to-equity ratio of 12.85, a quick ratio of 1.04 and a current ratio of 1.04.

Live Nation Entertainment (NYSE:LYVGet Rating) last announced its earnings results on Thursday, November 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.31. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $4.97 billion. Live Nation Entertainment had a net margin of 2.01% and a return on equity of 1,222.70%. As a group, sell-side analysts forecast that Live Nation Entertainment, Inc. will post 0.53 EPS for the current year.

Live Nation Entertainment Company Profile

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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.

See Also

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

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