Clarius Group LLC Purchases New Shares in Live Nation Entertainment, Inc. (NYSE:LYV)

Clarius Group LLC bought a new position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 2,535 shares of the company’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Raymond James Trust N.A. raised its holdings in shares of Live Nation Entertainment by 4.3% during the 1st quarter. Raymond James Trust N.A. now owns 3,139 shares of the company’s stock worth $369,000 after acquiring an additional 130 shares during the period. Industrial Alliance Investment Management Inc. raised its holdings in shares of Live Nation Entertainment by 21.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 746 shares of the company’s stock worth $88,000 after acquiring an additional 132 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in shares of Live Nation Entertainment by 67.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 347 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the period. Marks Group Wealth Management Inc raised its holdings in shares of Live Nation Entertainment by 4.8% during the 1st quarter. Marks Group Wealth Management Inc now owns 3,274 shares of the company’s stock worth $229,000 after acquiring an additional 150 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Live Nation Entertainment by 1.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,122 shares of the company’s stock worth $1,196,000 after acquiring an additional 177 shares during the period. Institutional investors and hedge funds own 70.95% of the company’s stock.

Analyst Ratings Changes

LYV has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on Live Nation Entertainment from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Evercore ISI raised shares of Live Nation Entertainment from an “in-line” rating to an “outperform” rating and set a $100.00 target price on the stock in a research report on Thursday, October 26th. Citigroup lifted their price target on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 31st. TD Cowen upped their price objective on shares of Live Nation Entertainment from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, July 25th. Finally, Benchmark reiterated a “buy” rating and issued a $110.00 target price on shares of Live Nation Entertainment in a report on Monday, October 9th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $105.17.

Live Nation Entertainment Stock Up 0.5 %

Shares of NYSE LYV opened at $89.58 on Friday. The business has a 50-day moving average of $83.46 and a two-hundred day moving average of $85.10. The company has a market capitalization of $20.63 billion, a price-to-earnings ratio of 61.36 and a beta of 1.31. Live Nation Entertainment, Inc. has a 1 year low of $64.25 and a 1 year high of $101.74. The company has a debt-to-equity ratio of 7.57, a current ratio of 1.14 and a quick ratio of 1.14.

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 and streams associated content; and offers management and other services to artists.