Live Nation Entertainment, Inc. (NYSE:LYV) Stock Position Lifted by Hennessy Advisors Inc.

Hennessy Advisors Inc. increased its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,000 shares of the company's stock after acquiring an additional 6,200 shares during the quarter. Hennessy Advisors Inc.'s holdings in Live Nation Entertainment were worth $12,562,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LYV. Acadian Asset Management LLC purchased a new stake in shares of Live Nation Entertainment in the second quarter valued at $419,000. Brown Brothers Harriman & Co. grew its holdings in Live Nation Entertainment by 1,738.3% in the second quarter. Brown Brothers Harriman & Co. now owns 1,103 shares of the company's stock valued at $103,000 after purchasing an additional 1,043 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Live Nation Entertainment by 85.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,038,285 shares of the company's stock worth $97,329,000 after purchasing an additional 476,981 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Live Nation Entertainment by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 894,019 shares of the company's stock valued at $83,780,000 after purchasing an additional 51,397 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its stake in shares of Live Nation Entertainment by 3.2% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 3,840 shares of the company's stock valued at $360,000 after buying an additional 120 shares during the period. 74.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on LYV shares. Bank of America increased their target price on Live Nation Entertainment from $125.00 to $149.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Guggenheim lifted their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Citigroup boosted their target price on Live Nation Entertainment from $130.00 to $163.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Macquarie raised their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company an "outperform" rating in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $145.40.

Live Nation Entertainment Stock Up 1.6 %

Shares of NYSE LYV traded up $2.15 during midday trading on Friday, reaching $135.71. 1,220,340 shares of the company's stock were exchanged, compared to its average volume of 1,390,037. The stock has a market capitalization of $31.53 billion, a PE ratio of 144.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38. Live Nation Entertainment, Inc. has a 52-week low of $86.67 and a 52-week high of $141.18. 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 business's fifty day moving average price is $133.51 and its two-hundred day moving average price is $113.44.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its earnings results on Monday, November 11th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The company had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same period in the prior year, the company posted $1.78 EPS. Live Nation Entertainment's quarterly revenue was down 6.2% on a year-over-year basis. Analysts forecast that Live Nation Entertainment, Inc. will post 1.02 EPS for the current year.

Live Nation Entertainment 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.