Live Nation Entertainment, Inc. (NYSE:LYV) Position Decreased by Steph & Co.

Steph & Co. reduced its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,447 shares of the company’s stock after selling 106 shares during the quarter. Steph & Co.’s holdings in Live Nation Entertainment were worth $187,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in Live Nation Entertainment during the 3rd quarter worth about $31,000. World Investment Advisors LLC acquired a new position in Live Nation Entertainment in the 3rd quarter worth approximately $38,000. Reston Wealth Management LLC purchased a new position in Live Nation Entertainment during the 3rd quarter worth approximately $41,000. Morse Asset Management Inc acquired a new stake in Live Nation Entertainment during the 3rd quarter valued at $42,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of Live Nation Entertainment in the third quarter worth $46,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LYV has been the subject of several research analyst reports. Benchmark increased their price objective on Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. TD Cowen increased their price target on shares of Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. StockNews.com raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Guggenheim increased their target price on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Bank of America boosted their price target on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Live Nation Entertainment presently has a consensus rating of “Moderate Buy” and an average target price of $145.40.

Live Nation Entertainment Stock Up 1.6 %

LYV opened at $133.37 on Thursday. The firm has a market cap of $30.99 billion, a P/E ratio of 141.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The business has a 50 day moving average price of $133.08 and a 200 day moving average price of $112.89. Live Nation Entertainment, Inc. has a twelve month low of $86.67 and a twelve month high of $141.18.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. The business had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the previous year, the company earned $1.78 earnings per share. Live Nation Entertainment’s revenue for the quarter was down 6.2% on a year-over-year basis. Research analysts forecast that Live Nation Entertainment, Inc. will post 1.02 EPS for the current year.

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.