Live Nation Entertainment, Inc. (NYSE:LYV) Stock Position Reduced by Capital Investment Counsel Inc

Capital Investment Counsel Inc cut its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 12.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,595 shares of the company’s stock after selling 500 shares during the quarter. Capital Investment Counsel Inc’s holdings in Live Nation Entertainment were worth $466,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Live Nation Entertainment in the third quarter worth $31,000. World Investment Advisors LLC acquired a new stake in shares of Live Nation Entertainment in the third quarter worth $38,000. Reston Wealth Management LLC acquired a new stake in shares of Live Nation Entertainment in the third quarter worth $41,000. Morse Asset Management Inc acquired a new stake in shares of Live Nation Entertainment in the third quarter worth $42,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Live Nation Entertainment in the fourth quarter worth $42,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Down 0.9 %

Shares of NYSE LYV opened at $152.21 on Friday. The firm’s 50-day simple moving average is $138.96 and its 200 day simple moving average is $121.87. The company has a market cap of $35.37 billion, a price-to-earnings ratio of 161.93, a price-to-earnings-growth ratio of 1.79 and a beta of 1.38. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 12-month low of $86.81 and a 12-month high of $155.10.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on LYV shares. Guggenheim boosted their price objective on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Benchmark reiterated a “buy” rating and set a $160.00 target price on shares of Live Nation Entertainment in a research note on Thursday. Oppenheimer upped their target price on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Roth Mkm upped their target price on shares of 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 given a buy rating to the stock. Based on data from MarketBeat.com, Live Nation Entertainment has a consensus rating of “Moderate Buy” and a consensus 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.