SOA Wealth Advisors LLC. Decreases Holdings in Live Nation Entertainment, Inc. $LYV

SOA Wealth Advisors LLC. reduced its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 14.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,346 shares of the company’s stock after selling 546 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Live Nation Entertainment were worth $506,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Gilbert & Cook Inc. boosted its position in shares of Live Nation Entertainment by 1.4% during the 1st quarter. Gilbert & Cook Inc. now owns 5,538 shares of the company’s stock valued at $723,000 after acquiring an additional 75 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in Live Nation Entertainment by 1.8% in the second quarter. Central Pacific Bank Trust Division now owns 5,521 shares of the company’s stock valued at $835,000 after purchasing an additional 97 shares in the last quarter. Trust Asset Management LLC lifted its position in Live Nation Entertainment by 5.8% during the first quarter. Trust Asset Management LLC now owns 1,785 shares of the company’s stock valued at $233,000 after purchasing an additional 98 shares during the last quarter. Callan Family Office LLC grew its stake in Live Nation Entertainment by 1.8% in the 1st quarter. Callan Family Office LLC now owns 5,604 shares of the company’s stock worth $732,000 after buying an additional 98 shares in the last quarter. Finally, HM Payson & Co. increased its holdings in shares of Live Nation Entertainment by 9.5% in the 1st quarter. HM Payson & Co. now owns 1,150 shares of the company’s stock worth $150,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Analyst Ratings Changes

LYV has been the subject of several research reports. Citigroup upped their target price on shares of Live Nation Entertainment from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Rothschild Redb lowered Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Wolfe Research boosted their target price on Live Nation Entertainment from $160.00 to $168.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 10th. Oppenheimer increased their price target on shares of Live Nation Entertainment from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. Finally, Morgan Stanley set a $180.00 price objective on shares of Live Nation Entertainment in a report on Thursday, July 24th. Eighteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Live Nation Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.21.

Live Nation Entertainment Stock Performance

NYSE:LYV opened at $159.11 on Thursday. 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, Inc. has a fifty-two week low of $107.65 and a fifty-two week high of $175.25. The firm has a market cap of $37.31 billion, a PE ratio of 68.88, a price-to-earnings-growth ratio of 11.11 and a beta of 1.40. The business has a 50 day moving average price of $161.44 and a 200-day moving average price of $146.04.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share 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 for the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the previous year, the company earned $1.03 EPS. The company’s quarterly revenue was up 16.3% on a year-over-year basis. Equities research analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

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.