Hartford Investment Management Co. Sells 187 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Hartford Investment Management Co. reduced its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,693 shares of the company’s stock after selling 187 shares during the quarter. Hartford Investment Management Co.’s holdings in Live Nation Entertainment were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. SOA Wealth Advisors LLC. lifted its holdings in Live Nation Entertainment by 19.0% in the fourth quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock valued at $65,000 after buying an additional 80 shares during the period. Western Pacific Wealth Management LP lifted its stake in shares of Live Nation Entertainment by 10.4% in the 4th quarter. Western Pacific Wealth Management LP now owns 867 shares of the company’s stock valued at $112,000 after purchasing an additional 82 shares during the period. Cromwell Holdings LLC boosted its position in shares of Live Nation Entertainment by 25.7% in the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock worth $47,000 after purchasing an additional 88 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Live Nation Entertainment by 2.8% during the third quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock worth $352,000 after purchasing an additional 89 shares during the period. Finally, UMB Bank n.a. lifted its stake in Live Nation Entertainment by 21.2% in the fourth quarter. UMB Bank n.a. now owns 532 shares of the company’s stock valued at $69,000 after buying an additional 93 shares during the period. Institutional investors own 74.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Evercore ISI upped their price target on Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. 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 report on Wednesday, December 4th. Oppenheimer boosted their price target on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. The Goldman Sachs Group raised their price objective on Live Nation Entertainment from $148.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Roth Mkm boosted their target price on Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.60.

Live Nation Entertainment Stock Up 0.8 %

Shares of LYV stock opened at $153.80 on Friday. The firm’s fifty day moving average price is $137.45 and its two-hundred day moving average price is $120.21. Live Nation Entertainment, Inc. has a 1 year low of $86.81 and a 1 year high of $153.94. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a market capitalization of $35.73 billion, a P/E ratio of 163.61, a PEG ratio of 1.73 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. The business had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. Live Nation Entertainment’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 earnings per share. On average, equities analysts predict that Live Nation Entertainment, Inc. will post 0.99 EPS for the current fiscal 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.