FFT Wealth Management LLC Increases Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

FFT Wealth Management LLC raised its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 10.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,360 shares of the company’s stock after purchasing an additional 224 shares during the period. FFT Wealth Management LLC’s holdings in Live Nation Entertainment were worth $306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. SOA Wealth Advisors LLC. boosted its position in shares of Live Nation Entertainment by 19.0% during the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock valued at $65,000 after buying an additional 80 shares during the last quarter. Western Pacific Wealth Management LP boosted its holdings in shares of Live Nation Entertainment by 10.4% during the 4th quarter. Western Pacific Wealth Management LP now owns 867 shares of the company’s stock valued at $112,000 after acquiring an additional 82 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Live Nation Entertainment by 2.8% in the third quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock worth $352,000 after acquiring an additional 89 shares during the period. UMB Bank n.a. raised its holdings in shares of Live Nation Entertainment by 21.2% during the fourth quarter. UMB Bank n.a. now owns 532 shares of the company’s stock valued at $69,000 after purchasing an additional 93 shares during the last quarter. Finally, Gilbert & Cook Inc. lifted its position in Live Nation Entertainment by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 5,463 shares of the company’s stock valued at $707,000 after purchasing an additional 93 shares during the period. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Stock Down 6.9 %

LYV opened at $143.93 on Wednesday. The stock has a market cap of $33.44 billion, a price-to-earnings ratio of 52.91, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s fifty day moving average is $139.69 and its 200 day moving average is $123.56. Live Nation Entertainment, Inc. has a fifty-two week low of $86.81 and a fifty-two week high of $157.75.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. On average, sell-side analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LYV has been the subject of a number of research reports. Macquarie boosted their target price on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Oppenheimer upped their price objective on Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Citigroup raised their target price on Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Benchmark reiterated a “buy” rating and issued a $160.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, February 20th. Finally, StockNews.com raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $156.00.

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.