Boothbay Fund Management LLC Decreases Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Boothbay Fund Management LLC lessened its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,616 shares of the company's stock after selling 9,238 shares during the period. Boothbay Fund Management LLC's holdings in Live Nation Entertainment were worth $9,533,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LYV. Principal Financial Group Inc. lifted its position in shares of Live Nation Entertainment by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company's stock valued at $787,950,000 after buying an additional 87,032 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Live Nation Entertainment during the third quarter valued at about $42,000. SOA Wealth Advisors LLC. purchased a new stake in shares of Live Nation Entertainment in the third quarter worth about $46,000. Pine Valley Investments Ltd Liability Co grew its stake in Live Nation Entertainment by 2.3% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 45,037 shares of the company's stock valued at $4,931,000 after acquiring an additional 1,016 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new position in Live Nation Entertainment during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 74.52% of the company's stock.

Analyst Upgrades and Downgrades

LYV has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Susquehanna initiated coverage on shares of Live Nation Entertainment in a report on Monday. They issued a "positive" rating and a $155.00 price objective for the company. Benchmark restated a "buy" rating and issued a $178.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, April 1st. Roth Mkm boosted their price objective on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Bank of America boosted their price objective on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and sixteen have given 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 $160.00.

Insiders Place Their Bets

In other news, CAO Brian Capo sold 5,066 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total transaction of $624,333.84. Following the completion of the sale, the chief accounting officer now owns 10,549 shares of the company's stock, valued at $1,300,058.76. The trade was a 32.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Rowles sold 63,136 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the completion of the transaction, the executive vice president now directly owns 195,346 shares of the company's stock, valued at $30,356,768.40. This represents a 24.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,702 shares of company stock valued at $10,497,143. Company insiders own 2.72% of the company's stock.

Live Nation Entertainment Stock Down 0.1 %

Shares of NYSE:LYV traded down $0.07 during midday trading on Thursday, reaching $132.38. The company's stock had a trading volume of 1,026,896 shares, compared to its average volume of 2,452,781. The firm has a 50 day moving average of $129.07 and a 200-day moving average of $132.01. The firm has a market capitalization of $30.90 billion, a P/E ratio of 48.70, a PEG ratio of 1.81 and a beta of 1.31. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 12-month low of $86.81 and a 12-month high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of ($0.93) by $1.49. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.67 billion. On average, research analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

About Live Nation Entertainment

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.