Los Angeles Capital Management LLC Lowers Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Los Angeles Capital Management LLC decreased its stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 1.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,253,873 shares of the company's stock after selling 22,150 shares during the quarter. Los Angeles Capital Management LLC owned 0.54% of Live Nation Entertainment worth $117,363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale lifted its holdings in shares of Live Nation Entertainment by 0.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 27,819 shares of the company's stock valued at $2,324,000 after purchasing an additional 117 shares in the last quarter. Hohimer Wealth Management LLC grew its stake in Live Nation Entertainment by 1.1% during the 3rd quarter. Hohimer Wealth Management LLC now owns 11,512 shares of the company's stock valued at $956,000 after acquiring an additional 123 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Live Nation Entertainment by 1.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,252 shares of the company's stock valued at $1,100,000 after purchasing an additional 130 shares during the period. J.P. Morgan Private Wealth Advisors LLC boosted its holdings in shares of Live Nation Entertainment by 1.1% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 13,179 shares of the company's stock worth $1,094,000 after purchasing an additional 146 shares during the period. Finally, Raymond James Trust N.A. lifted its position in Live Nation Entertainment by 5.9% in the 4th quarter. Raymond James Trust N.A. now owns 2,628 shares of the company's stock worth $246,000 after buying an additional 147 shares in 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 down $1.01 on Thursday, reaching $88.27. The stock had a trading volume of 2,177,115 shares, compared to its average volume of 2,258,669. The company has a market capitalization of $20.37 billion, a P/E ratio of 66.34 and a beta of 1.34. Live Nation Entertainment, Inc. has a 1-year low of $66.38 and a 1-year high of $107.24. The stock has a fifty day moving average price of $98.71 and a 200-day moving average price of $91.63. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 9.30.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its earnings results 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). Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $4.72 billion. Research analysts forecast that Live Nation Entertainment, Inc. will post 1.62 EPS for the current year.

Insider Buying and Selling at Live Nation Entertainment

In related news, Director Jeffrey T. Hinson sold 1,001 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $100.50, for a total value of $100,600.50. Following the completion of the transaction, the director now owns 59,374 shares in the company, valued at approximately $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.

Analyst Upgrades and Downgrades

LYV has been the subject of a number of analyst reports. Roth Mkm reiterated a "buy" rating and issued a $120.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 23rd. Morgan Stanley upped their target price on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. raised their price target on shares of Live Nation Entertainment from $124.00 to $126.00 and gave the stock an "overweight" rating in a research report on Friday, February 23rd. TD Cowen reiterated a "buy" rating and issued a $108.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Live Nation Entertainment in a research note on Tuesday. They set a "buy" rating and a $120.00 price target on the stock. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.