Ballentine Partners LLC Takes Position in Live Nation Entertainment, Inc. $LYV

Ballentine Partners LLC bought a new stake in Live Nation Entertainment, Inc. (NYSE:LYV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,453 shares of the company’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LYV. Gilbert & Cook Inc. grew its stake in shares of Live Nation Entertainment by 1.4% during the first quarter. Gilbert & Cook Inc. now owns 5,538 shares of the company’s stock worth $723,000 after purchasing an additional 75 shares during the period. Central Pacific Bank Trust Division grew its stake in shares of Live Nation Entertainment by 1.8% during the second quarter. Central Pacific Bank Trust Division now owns 5,521 shares of the company’s stock worth $835,000 after purchasing an additional 97 shares during the period. Trust Asset Management LLC grew its stake in shares of Live Nation Entertainment by 5.8% during the first quarter. Trust Asset Management LLC now owns 1,785 shares of the company’s stock worth $233,000 after purchasing an additional 98 shares during the period. Callan Family Office LLC grew its stake in Live Nation Entertainment by 1.8% in the first quarter. Callan Family Office LLC now owns 5,604 shares of the company’s stock valued at $732,000 after acquiring an additional 98 shares during the period. Finally, HM Payson & Co. grew its stake in Live Nation Entertainment by 9.5% in the first quarter. HM Payson & Co. now owns 1,150 shares of the company’s stock valued at $150,000 after acquiring an additional 100 shares during the period. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Price Performance

Shares of NYSE LYV opened at $164.67 on Tuesday. The business’s 50 day moving average price is $161.09 and its two-hundred day moving average price is $145.83. The company has a market cap of $38.61 billion, a PE ratio of 71.28, a price-to-earnings-growth ratio of 10.91 and a beta of 1.42. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 5.38. Live Nation Entertainment, Inc. has a twelve month low of $107.65 and a twelve month high of $175.25.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the previous year, the company posted $1.03 EPS. Live Nation Entertainment’s revenue for the quarter was up 16.3% compared to the same quarter last year. On average, analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LYV shares. Moffett Nathanson started coverage on Live Nation Entertainment in a research note on Monday, August 18th. They issued a “buy” rating and a $195.00 target price for the company. Rothschild & Co Redburn cut Live Nation Entertainment from a “buy” rating to a “neutral” rating and boosted their target price for the company from $144.00 to $170.00 in a research note on Tuesday, September 16th. Susquehanna set a $165.00 target price on Live Nation Entertainment and gave the company a “positive” rating in a research note on Tuesday, June 10th. Rothschild Redb lowered Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Finally, Guggenheim restated a “buy” rating and issued a $170.00 price target on shares of Live Nation Entertainment in a report on Wednesday, June 18th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $171.21.

Live Nation Entertainment Company 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.