PNC Financial Services Group Inc. Has $1.53 Million Position in Live Nation Entertainment, Inc. (NYSE:LYV)

PNC Financial Services Group Inc. lowered its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,365 shares of the company’s stock after selling 1,524 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Live Nation Entertainment were worth $1,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in LYV. Creative Financial Designs Inc. ADV increased its stake in shares of Live Nation Entertainment by 148.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the period. Raleigh Capital Management Inc. bought a new stake in Live Nation Entertainment in the third quarter worth $33,000. Cary Street Partners Investment Advisory LLC boosted its holdings in Live Nation Entertainment by 9,800.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock worth $41,000 after acquiring an additional 490 shares in the last quarter. Tobam bought a new stake in Live Nation Entertainment in the fourth quarter worth $59,000. Finally, Western Pacific Wealth Management LP boosted its holdings in Live Nation Entertainment by 15.8% in the fourth quarter. Western Pacific Wealth Management LP now owns 981 shares of the company’s stock worth $92,000 after acquiring an additional 134 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on LYV. Morgan Stanley reissued an “overweight” rating and issued a $120.00 target price on shares of Live Nation Entertainment in a report on Wednesday, June 12th. TD Cowen reissued a “buy” rating and issued a $108.00 target price on shares of Live Nation Entertainment in a report on Tuesday, April 16th. Redburn Atlantic raised Live Nation Entertainment from a “neutral” rating to a “buy” rating and upped their price target for the company from $114.00 to $115.00 in a report on Thursday, May 9th. Northcoast Research downgraded Live Nation Entertainment from a “buy” rating to a “neutral” rating in a report on Tuesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Live Nation Entertainment from $120.00 to $121.00 and gave the company a “buy” rating in a report on Monday, May 6th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.58.

Live Nation Entertainment Stock Up 0.7 %

Live Nation Entertainment stock opened at $92.96 on Friday. The stock has a market cap of $21.36 billion, a PE ratio of 88.53, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. The company has a debt-to-equity ratio of 10.83, a quick ratio of 0.92 and a current ratio of 0.92. Live Nation Entertainment, Inc. has a one year low of $76.48 and a one year high of $107.24. The stock has a fifty day moving average of $93.20 and a 200 day moving average of $94.10.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.32). The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Live Nation Entertainment had a net margin of 2.22% and a return on equity of 90.67%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.25) EPS. As a group, sell-side analysts predict that Live Nation Entertainment, Inc. will post 1.38 EPS for the current year.

Live Nation Entertainment Company 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.