Live Nation Entertainment, Inc. $LYV Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC decreased its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 30.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,049 shares of the company’s stock after selling 894 shares during the period. Cresset Asset Management LLC’s holdings in Live Nation Entertainment were worth $268,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Measured Risk Portfolios Inc. acquired a new position in Live Nation Entertainment during the 4th quarter valued at about $29,000. Wayfinding Financial LLC acquired a new position in shares of Live Nation Entertainment during the first quarter worth approximately $30,000. Chilton Capital Management LLC acquired a new position in shares of Live Nation Entertainment during the first quarter worth approximately $33,000. GW&K Investment Management LLC increased its position in Live Nation Entertainment by 690.2% in the 1st quarter. GW&K Investment Management LLC now owns 324 shares of the company’s stock valued at $42,000 after acquiring an additional 283 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in Live Nation Entertainment during the 1st quarter valued at $42,000. 74.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LYV has been the subject of a number of recent analyst reports. Guggenheim reiterated a “buy” rating and issued a $170.00 target price on shares of Live Nation Entertainment in a research report on Wednesday, June 18th. Benchmark increased their price objective on shares of Live Nation Entertainment from $178.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 8th. Roth Mkm dropped their target price on Live Nation Entertainment from $174.00 to $164.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Sanford C. Bernstein started coverage on Live Nation Entertainment in a research note on Wednesday, June 4th. They set an “outperform” rating and a $185.00 price target for the company. Finally, Rosenblatt Securities dropped their price objective on Live Nation Entertainment from $174.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Eighteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $168.94.

Live Nation Entertainment Trading Up 0.5%

Live Nation Entertainment stock opened at $166.67 on Wednesday. The firm has a market cap of $39.08 billion, a price-to-earnings ratio of 72.15, a price-to-earnings-growth ratio of 10.00 and a beta of 1.46. Live Nation Entertainment, Inc. has a 1 year low of $92.57 and a 1 year high of $166.90. The firm’s 50 day moving average price is $152.21 and its two-hundred day moving average price is $141.46. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.88 and a current ratio of 0.88.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Live Nation Entertainment had a net margin of 3.88% and a return on equity of 105.85%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the company posted $1.03 EPS. Live Nation Entertainment’s revenue was up 16.3% on a year-over-year basis. On average, research analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Live Nation Entertainment Profile

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.