Live Nation Entertainment, Inc. (NYSE:LYV) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 18.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,621 shares of the company’s stock after acquiring an additional 1,187 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Live Nation Entertainment were worth $645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NEXT Financial Group Inc boosted its stake in Live Nation Entertainment by 448.1% in the fourth quarter. NEXT Financial Group Inc now owns 444 shares of the company’s stock valued at $32,000 after acquiring an additional 363 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Live Nation Entertainment by 92.9% during the fourth quarter. Signaturefd LLC now owns 486 shares of the company’s stock worth $36,000 after buying an additional 234 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Live Nation Entertainment by 76.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 509 shares of the company’s stock worth $37,000 after buying an additional 220 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Live Nation Entertainment by 51.2% during the first quarter. Exchange Traded Concepts LLC now owns 514 shares of the company’s stock worth $44,000 after buying an additional 174 shares during the period. Finally, Vantage Consulting Group Inc acquired a new stake in shares of Live Nation Entertainment during the fourth quarter worth about $41,000. Institutional investors own 71.66% of the company’s stock.

Shares of Live Nation Entertainment stock opened at $87.01 on Friday. Live Nation Entertainment, Inc. has a 12-month low of $42.21 and a 12-month high of $94.63. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $19.03 billion, a PE ratio of -10.12 and a beta of 1.38. The firm has a 50-day moving average of $85.01.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, May 6th. The company reported ($1.44) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.66) by $0.22. Live Nation Entertainment had a negative net margin of 234.83% and a negative return on equity of 1,833.44%. The company had revenue of $290.60 million during the quarter, compared to analysts’ expectations of $287.45 million. During the same period last year, the company posted ($0.94) earnings per share. The firm’s quarterly revenue was down 78.7% compared to the same quarter last year. On average, research analysts predict that Live Nation Entertainment, Inc. will post -3.49 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on LYV. Jefferies Financial Group upgraded shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and increased their target price for the stock from $88.00 to $96.00 in a research note on Monday, May 10th. Wolfe Research started coverage on shares of Live Nation Entertainment in a research note on Wednesday, May 19th. They set an “outperform” rating and a $97.00 target price for the company. Morgan Stanley increased their price target on shares of Live Nation Entertainment from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 5th. Zacks Investment Research cut shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, May 5th. Finally, Cowen increased their price target on shares of Live Nation Entertainment from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, February 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $75.86.

Live Nation Entertainment Profile

Live Nation Entertainment, Inc operates as a live entertainment company. 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; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists.

Read More: Outstanding Shares and The Effect on Share Price

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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