Concourse Capital Management Decreased Live Nation Entertainment In (LYV) Position By $383,345; Park Sterling Has 1.2 Sentiment

February 24, 2018 - By Dolores Ford

Concourse Capital Management Llc decreased Live Nation Entertainment In (LYV) stake by 10.73% reported in 2017Q3 SEC filing. Concourse Capital Management Llc sold 8,915 shares as Live Nation Entertainment In (LYV)’s stock rose 14.05%. The Concourse Capital Management Llc holds 74,191 shares with $3.23 million value, down from 83,106 last quarter. Live Nation Entertainment In now has $9.98 billion valuation. The stock increased 0.92% or $0.44 during the last trading session, reaching $48.27. About 1.35 million shares traded. Live Nation Entertainment, Inc. (NYSE:LYV) has risen 52.18% since February 24, 2017 and is uptrending. It has outperformed by 35.48% the S&P500.

Park Sterling Corporation operates as the holding firm for the Park Sterling Bank, which provides various banking services and products. The company has market cap of $. The firm offers a range of banking products, including personal, business, and non-profit checking accounts; IOLTA accounts; individual retirement accounts; business and personal money market accounts; and time deposits, overdraft protection, and safe deposit boxes, as well as online and mobile banking services. It currently has negative earnings. The Company’s lending activities comprise a range of short-to medium-term commercial, real estate, construction, residential mortgage, and home equity and consumer loans, as well as long-term residential mortgages.

Mendon Capital Advisors Corp holds 3.44% of its portfolio in Park Sterling Corporation for 3.31 million shares. Forest Hill Capital Llc owns 594,462 shares or 2.12% of their US portfolio. Moreover, Huber Capital Management Llc has 1.17% invested in the company for 1.71 million shares. The New York-based Water Island Capital Llc has invested 1.14% in the stock. Carroll Financial Associates Inc., a North Carolina-based fund reported 609,519 shares.

Ratings analysis reveals 0 of Park Sterling’s analysts are positive. Out of 5 Wall Street analysts rating Park Sterling, 0 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. PSTB was included in 6 notes of analysts from October 6, 2016. The firm has “Hold” rating given on Friday, February 24 by Brean Capital. Raymond James downgraded the shares of PSTB in report on Thursday, October 6 to “Mkt Perform” rating. The company was downgraded on Friday, November 4 by Sandler O’Neill. The stock of Park Sterling Corporation (NASDAQ:PSTB) has “Market Perform” rating given on Monday, October 31 by Hovde Group. The stock of Park Sterling Corporation (NASDAQ:PSTB) earned “Neutral” rating by Piper Jaffray on Wednesday, November 16.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $14,429 activity.

The stock decreased 1.08% or $0.14 during the last trading session, reaching $12.87. About 631,772 shares traded or Infinity% up from the average. Park Sterling Corporation (PSTB) has risen 58.90% since February 24, 2017 and is uptrending. It has outperformed by 42.20% the S&P500.

Investors sentiment increased to 1.54 in 2017 Q3. Its up 0.11, from 1.43 in 2017Q2. It increased, as 23 investors sold LYV shares while 89 reduced holdings. 65 funds opened positions while 107 raised stakes. 135.10 million shares or 4.62% more from 129.13 million shares in 2017Q2 were reported. Concourse Capital Management Limited Liability accumulated 74,191 shares or 1.57% of the stock. Ameritas Investment Prtnrs holds 40,205 shares. 679 are owned by Huntington Bank & Trust. Hanson Mcclain Inc holds 175 shares or 0% of its portfolio. Breton Hill Cap Limited stated it has 8,991 shares. Nj State Employees Deferred Compensation Plan has invested 0.05% in Live Nation Entertainment, Inc. (NYSE:LYV). Arizona State Retirement Systems accumulated 75,900 shares or 0.04% of the stock. Pacad Investment holds 0.2% or 20,300 shares in its portfolio. Trexquant Investment LP holds 0.07% or 6,567 shares in its portfolio. Scout Invs Inc reported 556,076 shares stake. Mogy Joel R Inv Counsel holds 0.18% or 25,000 shares in its portfolio. Deutsche Comml Bank Ag invested in 0.03% or 932,634 shares. Accuvest Advsrs invested in 0% or 122 shares. Bb&T Corporation reported 0.15% in Live Nation Entertainment, Inc. (NYSE:LYV). Northwestern Mutual Wealth Mgmt Communications stated it has 214 shares or 0% of all its holdings.

Concourse Capital Management Llc increased Apollo Global Mgmt Llc (NYSE:APO) stake by 12,870 shares to 295,030 valued at $8.88 million in 2017Q3. It also upped Amc Entmt Hldgs Inc (NYSE:AMC) stake by 80,275 shares and now owns 128,635 shares. Kkr & Co LP Del (NYSE:KKR) was raised too.

Among 14 analysts covering Live Nation (NYSE:LYV), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Live Nation had 23 analyst reports since September 18, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Northcoast on Monday, June 19. Citigroup maintained Live Nation Entertainment, Inc. (NYSE:LYV) on Wednesday, October 12 with “Buy” rating. The firm has “Overweight” rating by Albert Fried given on Friday, October 30. As per Thursday, August 10, the company rating was maintained by Stephens. Evercore downgraded Live Nation Entertainment, Inc. (NYSE:LYV) on Monday, November 20 to “In-Line” rating. The firm has “Buy” rating by Gabelli given on Friday, September 18. The firm has “Neutral” rating given on Tuesday, March 29 by BTIG Research. The rating was maintained by Jefferies on Monday, October 16 with “Buy”. As per Thursday, November 2, the company rating was maintained by Jefferies. Macquarie Research maintained Live Nation Entertainment, Inc. (NYSE:LYV) on Wednesday, August 9 with “Buy” rating.

Analysts await Live Nation Entertainment, Inc. (NYSE:LYV) to report earnings on February, 27 after the close. They expect $-1.05 EPS, down 81.03% or $0.47 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 -298.11% negative EPS growth.

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By1 Dolores Ford

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