B. Riley Wealth Advisors Inc. Sells 206 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

B. Riley Wealth Advisors Inc. lessened its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 3.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,070 shares of the company’s stock after selling 206 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Live Nation Entertainment were worth $664,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in LYV. Brooklyn Investment Group bought a new position in shares of Live Nation Entertainment during the 3rd quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Live Nation Entertainment by 119.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock valued at $34,000 after buying an additional 202 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Live Nation Entertainment in the third quarter worth about $41,000. Morse Asset Management Inc bought a new stake in shares of Live Nation Entertainment during the 3rd quarter worth about $42,000. Finally, SOA Wealth Advisors LLC. acquired a new position in shares of Live Nation Entertainment during the 3rd quarter valued at about $46,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Price Performance

NYSE:LYV opened at $132.59 on Thursday. 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 company has a 50-day moving average of $127.26 and a 200-day moving average of $107.32. Live Nation Entertainment, Inc. has a 52 week low of $86.67 and a 52 week high of $141.18. The company has a market capitalization of $30.81 billion, a price-to-earnings ratio of 141.05, a PEG ratio of 3.65 and a beta of 1.37.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The company had revenue of $7.65 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, equities research analysts anticipate that Live Nation Entertainment, Inc. will post 1.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LYV has been the subject of several analyst reports. Citigroup boosted their target price on Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Oppenheimer lifted their target price on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. StockNews.com raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Guggenheim boosted their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.33.

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.