Los Angeles Capital Management LLC Has $117.36 Million Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

Los Angeles Capital Management LLC cut its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F 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 period. Los Angeles Capital Management LLC owned approximately 0.54% of Live Nation Entertainment worth $117,363,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale grew its position in shares of Live Nation Entertainment by 0.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 27,819 shares of the company’s stock worth $2,324,000 after buying an additional 117 shares during the period. Hohimer Wealth Management LLC increased its stake in Live Nation Entertainment by 1.1% in the third quarter. Hohimer Wealth Management LLC now owns 11,512 shares of the company’s stock valued at $956,000 after purchasing an additional 123 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Live Nation Entertainment by 1.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,252 shares of the company’s stock worth $1,100,000 after purchasing an additional 130 shares during the period. J.P. Morgan Private Wealth Advisors LLC boosted its position 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 in the last quarter. Finally, Raymond James Trust N.A. grew its holdings in shares of 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 valued at $246,000 after buying an additional 147 shares during the period. Institutional investors own 74.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LYV. Deutsche Bank Aktiengesellschaft started coverage on Live Nation Entertainment in a report on Tuesday. They issued a “buy” rating and a $120.00 price target for the company. Rosenblatt Securities cut 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 research note on Thursday, April 11th. Morgan Stanley increased their price objective on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Roth Capital raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, Roth Mkm reissued a “buy” rating and issued a $120.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.64.

Live Nation Entertainment Stock Down 0.0 %

Shares of NYSE LYV traded down $0.03 during mid-day trading on Thursday, hitting $89.25. The company had a trading volume of 1,121,000 shares, compared to its average volume of 2,245,346. Live Nation Entertainment, Inc. has a one year low of $66.38 and a one year high of $107.24. The company has a market capitalization of $20.60 billion, a PE ratio of 66.34 and a beta of 1.34. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 9.30. The firm has a 50-day simple moving average of $98.71 and a two-hundred day simple moving average of $91.63.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.09). The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $4.72 billion. Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. On average, equities analysts expect that Live Nation Entertainment, Inc. will post 1.62 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jeffrey T. Hinson sold 1,001 shares of Live Nation Entertainment stock in a transaction dated 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 of the company’s stock, valued at approximately $5,967,087. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.85% of the company’s stock.

Live Nation Entertainment Company 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.