Stratos Wealth Partners LTD. Decreases Holdings in Live Nation Entertainment, Inc. $LYV

Stratos Wealth Partners LTD. trimmed its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 59.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,180 shares of the company’s stock after selling 3,179 shares during the period. Stratos Wealth Partners LTD.’s holdings in Live Nation Entertainment were worth $311,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. lifted its stake in shares of Live Nation Entertainment by 102.4% in the third quarter. Ameriflex Group Inc. now owns 166 shares of the company’s stock worth $27,000 after buying an additional 84 shares in the last quarter. Atwood & Palmer Inc. purchased a new position in shares of Live Nation Entertainment in the third quarter worth about $33,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Live Nation Entertainment in the third quarter worth about $34,000. Measured Risk Portfolios Inc. purchased a new position in shares of Live Nation Entertainment in the third quarter worth about $37,000. Finally, Root Financial Partners LLC purchased a new position in shares of Live Nation Entertainment in the third quarter worth about $37,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 944 shares of Live Nation Entertainment stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $165.87, for a total transaction of $156,581.28. Following the completion of the sale, the director directly owned 48,030 shares in the company, valued at $7,966,736.10. This trade represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.72% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LYV has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Live Nation Entertainment from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Guggenheim raised their price target on shares of Live Nation Entertainment from $180.00 to $192.00 and gave the stock a “buy” rating in a research note on Monday, April 6th. Wall Street Zen raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley reissued an “overweight” rating and issued a $185.00 price target on shares of Live Nation Entertainment in a research note on Friday, February 20th. Finally, Benchmark reissued a “buy” rating on shares of Live Nation Entertainment in a research note on Thursday, February 19th. Twenty-one analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Live Nation Entertainment has an average rating of “Moderate Buy” and a consensus price target of $185.19.

Live Nation Entertainment Price Performance

Live Nation Entertainment stock opened at $160.73 on Monday. Live Nation Entertainment, Inc. has a 12-month low of $122.08 and a 12-month high of $175.25. The stock has a market cap of $37.74 billion, a P/E ratio of -669.71 and a beta of 1.15. The company has a 50-day moving average price of $155.24 and a 200 day moving average price of $148.48. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 8.51.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Thursday, February 19th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($0.06). Live Nation Entertainment had a return on equity of 48.11% and a net margin of 1.79%.The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the previous year, the business posted $0.58 earnings per share. Live Nation Entertainment’s revenue for the quarter was up 11.1% on a year-over-year basis. Sell-side analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

About Live Nation Entertainment

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.