Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC cut its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 91.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,894 shares of the company's stock after selling 42,130 shares during the period. Lighthouse Investment Partners LLC's holdings in Live Nation Entertainment were worth $504,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Live Nation Entertainment by 3.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,686 shares of the company's stock worth $477,000 after buying an additional 125 shares during the period. Czech National Bank lifted its holdings in Live Nation Entertainment by 6.6% during the fourth quarter. Czech National Bank now owns 33,999 shares of the company's stock valued at $4,403,000 after purchasing an additional 2,095 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Live Nation Entertainment by 14.5% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,346 shares of the company's stock valued at $304,000 after purchasing an additional 297 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Live Nation Entertainment by 13.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 34,148 shares of the company's stock valued at $4,422,000 after purchasing an additional 4,154 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in Live Nation Entertainment by 44.5% in the 4th quarter. Park Avenue Securities LLC now owns 2,998 shares of the company's stock valued at $388,000 after buying an additional 923 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LYV. Morgan Stanley increased their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Bank of America increased their price objective on Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, February 24th. JPMorgan Chase & Co. lifted their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Macquarie increased their target price on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Finally, Susquehanna initiated coverage on shares of Live Nation Entertainment in a research report on Monday, April 28th. They set a "positive" rating and a $155.00 price target on the stock. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Live Nation Entertainment currently has an average rating of "Moderate Buy" and an average target price of $162.07.

Insiders Place Their Bets

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 500 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $122.95, for a total transaction of $61,475.00. Following the transaction, the director now directly owns 52,624 shares in the company, valued at $6,470,120.80. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian Capo sold 5,066 shares of Live Nation Entertainment stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total value of $624,333.84. Following the completion of the sale, the chief accounting officer now directly owns 10,549 shares of the company's stock, valued at $1,300,058.76. The trade was a 32.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,702 shares of company stock valued at $10,497,143 over the last 90 days. 3.01% of the stock is owned by company insiders.

Live Nation Entertainment Trading Down 0.9%

Shares of Live Nation Entertainment stock opened at $141.66 on Thursday. The stock has a 50 day moving average of $128.42 and a 200 day moving average of $133.49. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $32.83 billion, a price-to-earnings ratio of 52.08, a PEG ratio of 1.81 and a beta of 1.47. Live Nation Entertainment, Inc. has a fifty-two week low of $86.81 and a fifty-two week high of $157.75.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.29). The business had revenue of $3.38 billion for the quarter, compared to analysts' expectations of $3.63 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The business's revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. As a group, research analysts predict 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.

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