New York State Common Retirement Fund Lowers Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

New York State Common Retirement Fund reduced its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 15.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 99,317 shares of the company’s stock after selling 18,683 shares during the period. New York State Common Retirement Fund’s holdings in Live Nation Entertainment were worth $12,862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Creative Planning grew its holdings in shares of Live Nation Entertainment by 3.2% in the third quarter. Creative Planning now owns 29,405 shares of the company’s stock valued at $3,220,000 after purchasing an additional 904 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Live Nation Entertainment by 385.3% in the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $58,000 after buying an additional 420 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Live Nation Entertainment by 17.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,882 shares of the company’s stock worth $316,000 after buying an additional 434 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Live Nation Entertainment by 2.8% during the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock valued at $352,000 after buying an additional 89 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Live Nation Entertainment by 11,822.2% in the third quarter. International Assets Investment Management LLC now owns 10,730 shares of the company’s stock worth $1,175,000 after acquiring an additional 10,640 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Stock Down 1.9 %

Shares of NYSE:LYV opened at $149.37 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The business’s 50 day moving average is $139.23 and its 200 day moving average is $122.75. The stock has a market cap of $34.71 billion, a P/E ratio of 54.92, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. Live Nation Entertainment, Inc. has a 52-week low of $86.81 and a 52-week high of $157.75.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.67 billion. Sell-side analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LYV shares. Citigroup upped their price objective on Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday. Evercore ISI lifted their price objective on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Morgan Stanley raised their target price on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Roth Mkm upped their price target on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Live Nation Entertainment presently has an average rating of “Moderate Buy” and an average price target of $154.27.

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.