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

Baker Tilly Wealth Management LLC grew its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,527 shares of the company’s stock after purchasing an additional 130 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Live Nation Entertainment were worth $237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LYV. YHB Investment Advisors Inc. purchased a new position in Live Nation Entertainment in the 1st quarter worth $32,000. Rise Advisors LLC lifted its stake in shares of Live Nation Entertainment by 90.3% in the 1st quarter. Rise Advisors LLC now owns 335 shares of the company’s stock valued at $35,000 after acquiring an additional 159 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Live Nation Entertainment by 44.1% during the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock valued at $41,000 after acquiring an additional 119 shares during the period. SOA Wealth Advisors LLC. grew its position in Live Nation Entertainment by 238.1% during the 1st quarter. SOA Wealth Advisors LLC. now owns 852 shares of the company’s stock worth $90,000 after acquiring an additional 600 shares during the last quarter. Finally, Western Pacific Wealth Management LP increased its stake in Live Nation Entertainment by 15.8% in the 4th quarter. Western Pacific Wealth Management LP now owns 981 shares of the company’s stock worth $92,000 after purchasing an additional 134 shares during the period. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LYV has been the topic of several recent analyst reports. Macquarie restated an “outperform” rating and issued a $125.00 target price on shares of Live Nation Entertainment in a report on Wednesday, July 31st. Oppenheimer restated an “outperform” rating and issued a $110.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, June 25th. Benchmark reiterated a “buy” rating and set a $132.00 target price on shares of Live Nation Entertainment in a report on Wednesday, July 31st. Rosenblatt Securities restated a “buy” rating and set a $123.00 price target on shares of Live Nation Entertainment in a report on Thursday. Finally, Roth Mkm reiterated a “buy” rating and issued a $120.00 price objective on shares of Live Nation Entertainment in a report on Friday, May 24th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.17.

Live Nation Entertainment Stock Up 0.8 %

Shares of NYSE:LYV traded up $0.75 during midday trading on Friday, reaching $95.18. The company’s stock had a trading volume of 1,119,926 shares, compared to its average volume of 2,178,055. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 9.22. The firm has a 50 day moving average of $93.11 and a 200-day moving average of $95.09. The firm has a market capitalization of $21.87 billion, a P/E ratio of 90.65, a PEG ratio of 2.18 and a beta of 1.34. Live Nation Entertainment, Inc. has a 12-month low of $76.48 and a 12-month high of $107.24.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.03). Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. The business had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter last year, the company posted $1.02 EPS. Live Nation Entertainment’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, research analysts anticipate that Live Nation Entertainment, Inc. will post 1.21 earnings per share for the current year.

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.