Atria Wealth Solutions Inc. Acquires 1,888 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Atria Wealth Solutions Inc. lifted its stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 108.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,635 shares of the company's stock after buying an additional 1,888 shares during the period. Atria Wealth Solutions Inc.'s holdings in Live Nation Entertainment were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. New Age Alpha Advisors LLC raised its holdings in shares of Live Nation Entertainment by 163.2% in the 1st quarter. New Age Alpha Advisors LLC now owns 19,392 shares of the company's stock worth $2,532,000 after buying an additional 12,023 shares in the last quarter. Plan Group Financial LLC raised its holdings in shares of Live Nation Entertainment by 58.9% in the 1st quarter. Plan Group Financial LLC now owns 2,572 shares of the company's stock worth $336,000 after buying an additional 953 shares in the last quarter. Malaga Cove Capital LLC acquired a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $361,000. R Squared Ltd raised its holdings in shares of Live Nation Entertainment by 1,638.5% in the 1st quarter. R Squared Ltd now owns 2,260 shares of the company's stock worth $295,000 after buying an additional 2,130 shares in the last quarter. Finally, Cumberland Partners Ltd acquired a new position in shares of Live Nation Entertainment in the 1st quarter worth approximately $914,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Trading Down 0.6%

Shares of NYSE:LYV traded down $1.01 during midday trading on Friday, hitting $160.59. The company had a trading volume of 2,891,877 shares, compared to its average volume of 2,156,583. Live Nation Entertainment, Inc. has a 12 month low of $92.57 and a 12 month high of $162.95. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 5.38. The stock has a market cap of $37.65 billion, a price-to-earnings ratio of 69.52, a PEG ratio of 9.71 and a beta of 1.46. The firm has a fifty day simple moving average of $149.21 and a 200 day simple moving average of $140.64.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.67). Live Nation Entertainment had a return on equity of 105.85% and a net margin of 3.88%. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The firm's revenue for the quarter was up 16.3% on a year-over-year basis. On average, analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

LYV has been the subject of a number of recent analyst reports. Roth Mkm dropped their price target on Live Nation Entertainment from $174.00 to $164.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Oppenheimer raised their price target on Live Nation Entertainment from $165.00 to $180.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Guggenheim reaffirmed a "buy" rating and set a $170.00 price target on shares of Live Nation Entertainment in a report on Wednesday, June 18th. Wolfe Research raised their price target on Live Nation Entertainment from $160.00 to $168.00 and gave the company an "outperform" rating in a report on Tuesday, June 10th. Finally, Morgan Stanley set a $180.00 price target on Live Nation Entertainment in a report on Thursday, July 24th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Live Nation Entertainment presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.41.

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.