First Foundation Advisors Decreased Live Nation Entertainment (LYV) Holding By $21.20 Million; Medallion Financial Has 0.65 Sentiment

November 15, 2017 - By Kurt Siggers

First Foundation Advisors decreased Live Nation Entertainment Inc (LYV) stake by 98.07% reported in 2017Q2 SEC filing. First Foundation Advisors sold 623,384 shares as Live Nation Entertainment Inc (LYV)’s stock rose 14.05%. The First Foundation Advisors holds 12,284 shares with $428,000 value, down from 635,668 last quarter. Live Nation Entertainment Inc now has $9.55B valuation. It closed at $46.16 lastly. It is down 52.18% since November 15, 2016 and is uptrending. It has outperformed by 35.48% the S&P500.

Medallion Financial Corp. is a closed-end, non-diversified management investment company. The company has market cap of $66.03 million. The Firm is a specialty finance company, which is engaged in originating, acquiring and servicing loans that finance taxicab medallions and various types of commercial businesses. It has a 16.43 P/E ratio. The Firm operates in lending and investing activities segment.

Analysts await Live Nation Entertainment, Inc. (NYSE:LYV) to report earnings on February, 22. They expect $-0.45 EPS, up 22.41% or $0.13 from last year’s $-0.58 per share. After $0.53 actual EPS reported by Live Nation Entertainment, Inc. for the previous quarter, Wall Street now forecasts -184.91% negative EPS growth.

Among 13 analysts covering Live Nation (NYSE:LYV), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Live Nation has $46.0 highest and $30.0 lowest target. $39.14’s average target is -15.21% below currents $46.16 stock price. Live Nation had 20 analyst reports since September 18, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 9 by Macquarie Research. Jefferies maintained the shares of LYV in report on Monday, October 16 with “Buy” rating. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) has “Buy” rating given on Thursday, November 2 by Jefferies. As per Friday, September 18, the company rating was initiated by Gabelli. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) earned “Overweight” rating by JP Morgan on Thursday, August 18. BTIG Research initiated the stock with “Neutral” rating in Tuesday, March 29 report. The firm has “Buy” rating by Citigroup given on Thursday, October 8. Goldman Sachs initiated the shares of LYV in report on Monday, April 3 with “Buy” rating. Stephens maintained Live Nation Entertainment, Inc. (NYSE:LYV) rating on Thursday, August 10. Stephens has “Buy” rating and $4400 target. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) earned “Equal-Weight” rating by Stephens on Thursday, October 6.

First Foundation Advisors increased Facebook Inc (NASDAQ:FB) stake by 437,640 shares to 469,535 valued at $70.89M in 2017Q2. It also upped Molson Coors Brewing Co (NYSE:TAP) stake by 6,346 shares and now owns 13,667 shares. Intellipharmaceutics Internati (NASDAQ:IPCI) was raised too.

Investors sentiment increased to 1.43 in Q2 2017. Its up 0.34, from 1.09 in 2017Q1. It is positive, as 26 investors sold LYV shares while 81 reduced holdings. 43 funds opened positions while 110 raised stakes. 129.13 million shares or 0.97% more from 127.88 million shares in 2017Q1 were reported. Cornerstone Capital Mgmt Holding Lc holds 554,262 shares or 0.15% of its portfolio. Gabelli Funds Ltd Co has invested 0.3% in Live Nation Entertainment, Inc. (NYSE:LYV). Engineers Gate Manager Ltd Partnership reported 0.05% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV). 61 were reported by Wfg Advisors L P. Da Davidson, a Montana-based fund reported 2,501 shares. Great West Life Assurance Company Can reported 80,549 shares. Aperio Gp Lc holds 44,049 shares. 429,422 were accumulated by Hbk Invests Ltd Partnership. Stephens Investment Mgmt Group Inc Ltd Llc reported 445,319 shares. Acadian Asset Management invested in 0.17% or 1.09 million shares. Stephens Ar holds 0.06% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV) for 48,767 shares. Victory Capital Management Inc invested in 1.52 million shares. Gamco Invsts Et Al has invested 0.27% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV). Ameritas Investment Prtn Inc reported 40,205 shares or 0.07% of all its holdings. Scotia Cap Inc has invested 0.01% in Live Nation Entertainment, Inc. (NYSE:LYV).

Since June 6, 2017, it had 0 insider buys, and 3 insider sales for $1.04 million activity. 6,337 shares valued at $226,991 were sold by ENLOE ROBERT TED III on Thursday, June 15. $697,200 worth of Live Nation Entertainment, Inc. (NYSE:LYV) shares were sold by Willard Elizabeth Kathleen. 3,160 shares valued at $114,108 were sold by HINSON JEFFREY T. on Thursday, June 15.

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By1 Kurt Siggers




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