Live Nation Entertainment, Inc. (LYV) Reaches $47.80 52-Week High; Guggenheim Currencyshares Euro Currency Trust (NYSEARCA:FXE) Shorts Raised By 10.63%

February 21, 2018 - By Moses P. Lee

Guggenheim Currencyshares Euro Currency Trust (NYSEARCA:FXE) had an increase of 10.63% in short interest. FXE’s SI was 1.80M shares in February as released by FINRA. Its up 10.63% from 1.63M shares previously. With 570,900 avg volume, 3 days are for Guggenheim Currencyshares Euro Currency Trust (NYSEARCA:FXE)’s short sellers to cover FXE’s short positions. The ETF decreased 0.12% or $0.14 during the last trading session, reaching $118.59. About 50,079 shares traded. CurrencyShares Euro ETF (NYSEARCA:FXE) has declined 0.72% since February 21, 2017 and is downtrending. It has underperformed by 17.42% the S&P500.

The stock of Live Nation Entertainment, Inc. (NYSE:LYV) hit a new 52-week high and has $49.71 target or 4.00% above today’s $47.80 share price. The 7 months bullish chart indicates low risk for the $9.89 billion company. The 1-year high was reported on Feb, 21 by Barchart.com. If the $49.71 price target is reached, the company will be worth $395.40 million more. The stock increased 2.01% or $0.94 during the last trading session, reaching $47.8. About 224,256 shares traded. Live Nation Entertainment, Inc. (NYSE:LYV) has risen 52.18% since February 21, 2017 and is uptrending. It has outperformed by 35.48% the S&P500.

Investors sentiment increased to 0.95 in 2017 Q3. Its up 0.08, from 0.87 in 2017Q2. It improved, as 11 investors sold CurrencyShares Euro ETF shares while 11 reduced holdings. 10 funds opened positions while 11 raised stakes. 3.56 million shares or 18.22% less from 4.36 million shares in 2017Q2 were reported. Northwestern Mutual Wealth Com owns 0% invested in CurrencyShares Euro ETF (NYSEARCA:FXE) for 100 shares. Lpl Ltd Llc holds 18,090 shares. Quantitative Advantage Lc, a Minnesota-based fund reported 20,992 shares. 48,990 were reported by North Star Investment Mgmt Corp. Cambridge Inv Advisors stated it has 10,971 shares. Integral Derivatives Ltd invested in 14,164 shares or 0.03% of the stock. Sei Invests reported 0% in CurrencyShares Euro ETF (NYSEARCA:FXE). Hightower Advsrs Ltd Limited Liability Company invested in 36,039 shares or 0.04% of the stock. Stifel Financial, a Missouri-based fund reported 11,614 shares. Timber Hill Limited Co stated it has 1.45% of its portfolio in CurrencyShares Euro ETF (NYSEARCA:FXE). Tortoise Invest owns 0% invested in CurrencyShares Euro ETF (NYSEARCA:FXE) for 45 shares. 758,579 are owned by Morgan Stanley. Indexiq Limited Liability has 0.08% invested in CurrencyShares Euro ETF (NYSEARCA:FXE) for 16,288 shares. Hussman Strategic Advisors Inc reported 20,000 shares. Bessemer Inc holds 0% or 2,600 shares.

Live Nation Entertainment, Inc. operates as a live entertainment company. The company has market cap of $9.89 billion. The firm operates through Concerts, Sponsorship & Advertising, Ticketing, and Artist Nation divisions. It has a 702.94 P/E ratio. The Concerts segment promotes live music events in its owned and/or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.

Investors sentiment increased to 1.54 in 2017 Q3. Its up 0.11, from 1.43 in 2017Q2. It increased, as 23 investors sold Live Nation Entertainment, Inc. 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. Creative Planning accumulated 0% or 14,124 shares. 412,058 are owned by Ameriprise Incorporated. Citigroup Incorporated owns 12,746 shares. Teachers Retirement Sys Of The State Of Kentucky reported 28,520 shares stake. Shelton Management has 10,025 shares. California State Teachers Retirement holds 215,813 shares or 0.02% of its portfolio. Boston Prtn holds 0.01% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV) for 101,455 shares. Utah Retirement reported 24,600 shares. Cantab Cap Prtnrs Llp holds 34,451 shares or 0.22% of its portfolio. Louisiana State Employees Retirement Systems holds 0.07% or 35,800 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 5,321 shares in its portfolio. Colony Llc owns 76,800 shares or 0.23% of their US portfolio. Jennison Associates Llc invested in 0.04% or 821,297 shares. Cornerstone Mngmt Holdg Ltd Com invested in 751,380 shares or 0.26% of the stock. Art Advsr Lc reported 0.03% stake.

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.

Among 14 analysts covering Live Nation (NYSE:LYV), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Live Nation has $48.0 highest and $30.0 lowest target. $42.43’s average target is -11.23% below currents $47.8 stock price. Live Nation had 23 analyst reports since September 18, 2015 according to SRatingsIntel. On Tuesday, November 8 the stock rating was upgraded by Stephens to “Overweight”. The rating was maintained by Jefferies with “Buy” on Monday, October 16. The rating was maintained by Jefferies on Thursday, November 2 with “Buy”. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) has “Buy” rating given on Wednesday, October 12 by Citigroup. The firm has “Neutral” rating given on Tuesday, March 29 by BTIG Research. On Wednesday, August 9 the stock rating was maintained by Macquarie Research with “Buy”. The firm earned “Buy” rating on Monday, June 5 by Jefferies. Citigroup initiated it with “Buy” rating and $30.0 target in Thursday, October 8 report. Guggenheim maintained it with “Buy” rating and $48.0 target in Wednesday, January 10 report. The stock has “Hold” rating by Citigroup on Friday, December 22.

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By1 Moses P. Lee

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