Live Nation Entertainment, Inc. (NYSE:LYV) Stock Position Lowered by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 410,843 shares of the company's stock after selling 16,785 shares during the quarter. Russell Investments Group Ltd. owned 0.18% of Live Nation Entertainment worth $38,458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. K.J. Harrison & Partners Inc lifted its stake in Live Nation Entertainment by 35.0% in the fourth quarter. K.J. Harrison & Partners Inc now owns 23,150 shares of the company's stock valued at $2,167,000 after purchasing an additional 6,000 shares during the last quarter. Pittenger & Anderson Inc. boosted its position in Live Nation Entertainment by 6.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 116,965 shares of the company's stock worth $10,948,000 after purchasing an additional 6,661 shares during the period. Bank of New Hampshire purchased a new position in Live Nation Entertainment in the 4th quarter valued at approximately $1,735,000. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Live Nation Entertainment by 9.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,525 shares of the company's stock worth $424,000 after acquiring an additional 399 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of Live Nation Entertainment by 73.3% during the 4th quarter. Yousif Capital Management LLC now owns 33,877 shares of the company's stock valued at $3,171,000 after purchasing an additional 14,328 shares during the period. Hedge funds and other institutional investors own 74.52% of the company's stock.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,001 shares of the business's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $100.50, for a total transaction of $100,600.50. Following the completion of the sale, the director now owns 59,374 shares of the company's stock, valued at $5,967,087. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.85% of the company's stock.

Live Nation Entertainment Stock Performance

Shares of NYSE:LYV traded down $1.63 during midday trading on Tuesday, reaching $88.91. 2,381,362 shares of the company's stock traded hands, compared to its average volume of 2,265,543. Live Nation Entertainment, Inc. has a one year low of $66.38 and a one year high of $107.24. The stock has a 50 day moving average of $98.82 and a 200 day moving average of $91.62. The company has a market cap of $20.52 billion, a price-to-earnings ratio of 67.31 and a beta of 1.30. The company has a debt-to-equity ratio of 9.30, a quick ratio of 0.96 and a current ratio of 0.96.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($1.22) earnings per share for the quarter, missing analysts' consensus estimates of ($1.13) by ($0.09). The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $4.72 billion. Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. As a group, equities research analysts anticipate that Live Nation Entertainment, Inc. will post 1.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. TD Cowen reiterated a "buy" rating and issued a $108.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on shares of Live Nation Entertainment from $124.00 to $126.00 and gave the company an "overweight" rating in a research note on Friday, February 23rd. Rosenblatt Securities decreased their price target on shares of Live Nation Entertainment from $124.00 to $119.00 and set a "buy" rating on the stock in a report on Thursday, April 11th. Oppenheimer lifted their price objective on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, February 21st. Finally, Roth Mkm restated a "buy" rating and set a $120.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $116.64.

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.