Teachers Retirement System of The State of Kentucky Sells 133 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Teachers Retirement System of The State of Kentucky decreased its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,037 shares of the company’s stock after selling 133 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Live Nation Entertainment were worth $1,209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cromwell Holdings LLC lifted its position in Live Nation Entertainment by 25.7% during the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock worth $47,000 after acquiring an additional 88 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Live Nation Entertainment by 2.8% in 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. Vontobel Holding Ltd. lifted its position in shares of Live Nation Entertainment by 1.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 6,648 shares of the company’s stock worth $728,000 after purchasing an additional 95 shares during the last quarter. Empirical Finance LLC grew its holdings in Live Nation Entertainment by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 4,639 shares of the company’s stock valued at $508,000 after buying an additional 105 shares during the last quarter. Finally, Mystic Asset Management Inc. increased its position in Live Nation Entertainment by 2.1% in the 2nd quarter. Mystic Asset Management Inc. now owns 5,240 shares of the company’s stock worth $491,000 after buying an additional 110 shares during the period. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Roth Mkm boosted their target price on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Evercore ISI upped their price objective on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. TD Cowen upped their price target on Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Citigroup lifted their price objective on Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.33.

Live Nation Entertainment Trading Up 0.0 %

Shares of LYV opened at $137.86 on Wednesday. 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 company has a market cap of $32.03 billion, a price-to-earnings ratio of 146.66, a PEG ratio of 3.65 and a beta of 1.37. The stock has a fifty day moving average price of $126.86 and a two-hundred day moving average price of $107.14. Live Nation Entertainment, Inc. has a 52-week low of $86.67 and a 52-week high of $141.18.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter last year, the company posted $1.78 EPS. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. Analysts predict that Live Nation Entertainment, Inc. will post 1.04 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.