New York State Common Retirement Fund Sells 1,107 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

New York State Common Retirement Fund cut its holdings in Live Nation Entertainment, Inc. (NYSE:LYVGet Rating) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 161,185 shares of the company’s stock after selling 1,107 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Live Nation Entertainment worth $18,962,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LYV. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Live Nation Entertainment by 1.6% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 6,077 shares of the company’s stock worth $727,000 after purchasing an additional 94 shares in the last quarter. Sigma Planning Corp boosted its position in shares of Live Nation Entertainment by 3.8% during the first quarter. Sigma Planning Corp now owns 2,575 shares of the company’s stock worth $303,000 after purchasing an additional 95 shares in the last quarter. Ahrens Investment Partners LLC boosted its position in shares of Live Nation Entertainment by 55.6% during the first quarter. Ahrens Investment Partners LLC now owns 280 shares of the company’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Live Nation Entertainment by 2.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,643 shares of the company’s stock worth $675,000 after purchasing an additional 113 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its position in shares of Live Nation Entertainment by 4.6% during the fourth quarter. IHT Wealth Management LLC now owns 2,717 shares of the company’s stock worth $325,000 after purchasing an additional 120 shares in the last quarter. 73.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LYV has been the topic of a number of research analyst reports. Wolfe Research dropped their price objective on shares of Live Nation Entertainment from $145.00 to $119.00 and set an “outperform” rating on the stock in a report on Thursday, June 2nd. Rosenblatt Securities began coverage on shares of Live Nation Entertainment in a report on Monday, April 25th. They set a “buy” rating and a $138.00 target price for the company. Benchmark began coverage on shares of Live Nation Entertainment in a report on Monday, April 25th. They set a “buy” rating and a $135.00 target price for the company. Macquarie raised shares of Live Nation Entertainment from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $117.00 to $105.00 in a report on Tuesday, July 5th. Finally, Morgan Stanley reduced their target price on shares of Live Nation Entertainment from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, June 2nd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $119.90.

Live Nation Entertainment Stock Down 0.6 %

NYSE LYV opened at $97.50 on Friday. The company has a market capitalization of $22.24 billion, a P/E ratio of -47.33 and a beta of 1.32. Live Nation Entertainment, Inc. has a 12-month low of $78.14 and a 12-month high of $127.75. The firm has a 50-day moving average price of $88.97 and a two-hundred day moving average price of $101.50.

Live Nation Entertainment (NYSE:LYVGet Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.53 by $0.13. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $3.92 billion. Live Nation Entertainment’s quarterly revenue was up 669.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.90) earnings per share. Equities analysts expect that Live Nation Entertainment, Inc. will post 0.49 EPS for the current year.

About Live Nation Entertainment

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Live Nation Entertainment, Inc operates as a live entertainment company. 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; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists.

See Also

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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