Brown Advisory Inc. Has $5.72 Million Position in Live Nation Entertainment, Inc. $LYV

Brown Advisory Inc. raised its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 94.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 37,781 shares of the company’s stock after buying an additional 18,385 shares during the quarter. Brown Advisory Inc.’s holdings in Live Nation Entertainment were worth $5,715,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Baird Financial Group Inc. lifted its position in Live Nation Entertainment by 127.8% during the second quarter. Baird Financial Group Inc. now owns 381,489 shares of the company’s stock worth $57,712,000 after purchasing an additional 214,025 shares during the period. DigitalBridge Group Inc. raised its position in shares of Live Nation Entertainment by 2.6% in the 2nd quarter. DigitalBridge Group Inc. now owns 250,554 shares of the company’s stock valued at $37,904,000 after buying an additional 6,328 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Live Nation Entertainment by 5.3% during the 2nd quarter. Guggenheim Capital LLC now owns 15,301 shares of the company’s stock worth $2,315,000 after acquiring an additional 775 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Live Nation Entertainment by 15.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 798 shares of the company’s stock worth $121,000 after acquiring an additional 109 shares in the last quarter. Finally, Plan Group Financial LLC increased its stake in Live Nation Entertainment by 18.8% in the second quarter. Plan Group Financial LLC now owns 3,055 shares of the company’s stock valued at $462,000 after acquiring an additional 483 shares during the last quarter. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Performance

NYSE LYV opened at $137.98 on Tuesday. The company has a market capitalization of $32.39 billion, a price-to-earnings ratio of 99.99 and a beta of 1.22. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 5.41. Live Nation Entertainment, Inc. has a twelve month low of $112.88 and a twelve month high of $175.25. The stock has a fifty day simple moving average of $144.53 and a 200 day simple moving average of $150.59.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.81). The company 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 3.66% and a return on equity of 97.90%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 EPS. Sell-side analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LYV shares. Moffett Nathanson initiated coverage on Live Nation Entertainment in a report on Monday, August 18th. They issued a “buy” rating and a $195.00 target price on the stock. Roth Capital decreased their target price on Live Nation Entertainment from $180.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Rothschild Redb downgraded shares of Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. UBS Group began coverage on shares of Live Nation Entertainment in a research report on Tuesday, November 25th. They set a “buy” rating and a $164.00 price objective for the company. Finally, Citigroup decreased their target price on shares of Live Nation Entertainment from $195.00 to $181.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Nineteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $173.50.

About Live Nation Entertainment

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.