Live Nation Entertainment, Inc. $LYV Position Increased by Silvant Capital Management LLC

Silvant Capital Management LLC raised its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 64.0% in the second quarter, Holdings Channel reports. The firm owned 34,499 shares of the company’s stock after buying an additional 13,464 shares during the period. Silvant Capital Management LLC’s holdings in Live Nation Entertainment were worth $5,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Clearstead Trust LLC increased its position in Live Nation Entertainment by 469.0% during the second quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock worth $25,000 after buying an additional 136 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Live Nation Entertainment during the 1st quarter worth about $42,000. TD Private Client Wealth LLC bought a new position in Live Nation Entertainment in the 2nd quarter worth approximately $62,000. Allworth Financial LP boosted its position in shares of Live Nation Entertainment by 48.8% in the second quarter. Allworth Financial LP now owns 448 shares of the company’s stock valued at $68,000 after acquiring an additional 147 shares during the period. Finally, Brooklyn Investment Group grew its position in Live Nation Entertainment by 95.3% during the first quarter. Brooklyn Investment Group now owns 617 shares of the company’s stock worth $81,000 after buying an additional 301 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Price Performance

Shares of LYV opened at $131.35 on Friday. The company has a 50 day moving average of $148.53 and a 200-day moving average of $150.99. Live Nation Entertainment, Inc. has a twelve month low of $112.88 and a twelve month high of $175.25. The stock has a market capitalization of $30.83 billion, a P/E ratio of 56.86, a P/E/G ratio of 12.85 and a beta of 1.37. 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 (NYSE:LYV) last issued its earnings results on Tuesday, November 4th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.81). The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.87 billion. Live Nation Entertainment had a net margin of 3.88% and a return on equity of 105.85%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 earnings per share. As a group, equities research analysts forecast that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LYV. Citigroup lowered their price objective on Live Nation Entertainment from $195.00 to $181.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. UBS Group assumed coverage on shares of Live Nation Entertainment in a research note on Tuesday. They set a “buy” rating and a $164.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Live Nation Entertainment in a research note on Monday. Oppenheimer increased their price target on Live Nation Entertainment from $165.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Finally, Rothschild & Co Redburn cut Live Nation Entertainment from a “buy” rating to a “neutral” rating and increased their target price for the stock from $144.00 to $170.00 in a report on Tuesday, September 16th. Nineteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.50.

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.