Dempze Nancy E Sells 2,000 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Dempze Nancy E lowered its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 50.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,000 shares of the company's stock after selling 2,000 shares during the quarter. Dempze Nancy E's holdings in Live Nation Entertainment were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LYV. Measured Risk Portfolios Inc. purchased a new position in shares of Live Nation Entertainment in the fourth quarter valued at $29,000. Wayfinding Financial LLC bought a new stake in shares of Live Nation Entertainment in the first quarter valued at about $30,000. Chilton Capital Management LLC bought a new position in Live Nation Entertainment in the first quarter worth about $33,000. Murphy & Mullick Capital Management Corp bought a new position in Live Nation Entertainment in the fourth quarter worth about $40,000. Finally, GW&K Investment Management LLC grew its stake in shares of Live Nation Entertainment by 690.2% during the first quarter. GW&K Investment Management LLC now owns 324 shares of the company's stock worth $42,000 after acquiring an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Price Performance

NYSE LYV traded up $0.06 on Friday, reaching $152.95. 1,202,734 shares of the stock traded hands, compared to its average volume of 1,944,418. Live Nation Entertainment, Inc. has a 12 month low of $87.33 and a 12 month high of $157.75. The company has a market cap of $35.45 billion, a price-to-earnings ratio of 52.20, a P/E/G ratio of 5.94 and a beta of 1.45. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 7.43. The firm's fifty day simple moving average is $145.95 and its 200 day simple moving average is $138.81.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.29). Live Nation Entertainment had a net margin of 4.28% and a return on equity of 125.77%. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter last year, the business earned $0.60 earnings per share. Live Nation Entertainment's quarterly revenue was down 11.0% on a year-over-year basis. As a group, research analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current fiscal year.

Insider Transactions at Live Nation Entertainment

In other Live Nation Entertainment news, EVP John Hopmans sold 34,808 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $147.38, for a total transaction of $5,130,003.04. Following the transaction, the executive vice president owned 189,456 shares of the company's stock, valued at approximately $27,922,025.28. This represents a 15.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LYV shares. Susquehanna set a $165.00 target price on Live Nation Entertainment and gave the company a "positive" rating in a research report on Tuesday, June 10th. Rosenblatt Securities reduced their price objective on Live Nation Entertainment from $174.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Wolfe Research upped their target price on Live Nation Entertainment from $160.00 to $168.00 and gave the company an "outperform" rating in a report on Tuesday, June 10th. Morgan Stanley increased their price target on Live Nation Entertainment from $165.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Guggenheim reiterated a "buy" rating and set a $170.00 price target on shares of Live Nation Entertainment in a report on Wednesday, June 18th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.12.

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.