Boston Financial Mangement LLC Lowers Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Boston Financial Mangement LLC trimmed its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,715 shares of the company’s stock after selling 465 shares during the period. Boston Financial Mangement LLC’s holdings in Live Nation Entertainment were worth $2,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of LYV. ValueAct Holdings L.P. purchased a new stake in shares of Live Nation Entertainment during the 3rd quarter worth approximately $111,094,000. PointState Capital LP purchased a new stake in shares of Live Nation Entertainment during the 3rd quarter worth approximately $102,762,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Live Nation Entertainment by 55.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,079,064 shares of the company’s stock worth $118,147,000 after acquiring an additional 387,008 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Live Nation Entertainment by 37.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,423,428 shares of the company’s stock valued at $155,851,000 after buying an additional 385,143 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Live Nation Entertainment by 9.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,763,557 shares of the company’s stock valued at $410,664,000 after buying an additional 321,832 shares during the period. 74.52% of the stock is owned by hedge funds and other institutional investors.

Live Nation Entertainment Price Performance

LYV opened at $152.21 on Friday. Live Nation Entertainment, Inc. has a 12-month low of $86.81 and a 12-month high of $155.10. 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 business’s fifty day simple moving average is $138.96 and its 200-day simple moving average is $121.87. The company has a market capitalization of $35.37 billion, a price-to-earnings ratio of 161.93, a PEG ratio of 1.79 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. On average, equities research analysts anticipate that Live Nation Entertainment, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on LYV. Benchmark restated a “buy” rating and set a $160.00 price target on shares of Live Nation Entertainment in a report on Thursday. Guggenheim increased their price target on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Bank of America increased their price target on Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their price target on Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Roth Mkm increased their price target on Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Two investment 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, the company has a consensus rating of “Moderate Buy” and an average price target of $151.47.

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.