MCF Advisors LLC Decreases Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

MCF Advisors LLC lowered its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 10.5% in the 4th quarter, HoldingsChannel reports. The fund owned 714 shares of the company’s stock after selling 84 shares during the period. MCF Advisors LLC’s holdings in Live Nation Entertainment were worth $92,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in shares of Live Nation Entertainment in the 3rd quarter worth approximately $31,000. Retirement Wealth Solutions LLC bought a new position in Live Nation Entertainment during the fourth quarter valued at $44,000. Reston Wealth Management LLC purchased a new stake in shares of Live Nation Entertainment in the third quarter valued at $41,000. Morse Asset Management Inc bought a new stake in shares of Live Nation Entertainment in the 3rd quarter worth about $42,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of Live Nation Entertainment during the 3rd quarter worth about $46,000. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Trading Down 0.2 %

Shares of NYSE:LYV opened at $138.60 on Thursday. The company has a market capitalization of $32.20 billion, a PE ratio of 147.44, a P/E/G ratio of 1.57 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 12-month low of $86.67 and a 12-month high of $141.18. The business’s fifty day simple moving average is $134.17 and its 200-day simple moving average is $114.33.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.08. The company 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%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 earnings per share. As a group, equities research analysts predict that Live Nation Entertainment, Inc. will post 1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LYV has been the subject of several analyst reports. Macquarie raised their price objective on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Bank of America boosted their price objective on Live Nation Entertainment from $125.00 to $149.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Oppenheimer increased their target price on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Benchmark raised their price target on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $145.40.

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.