Simon Quick Advisors LLC Lowers Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Simon Quick Advisors LLC trimmed its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 27.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,337 shares of the company's stock after selling 3,111 shares during the period. Simon Quick Advisors LLC's holdings in Live Nation Entertainment were worth $1,080,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trust Asset Management LLC purchased a new position in Live Nation Entertainment during the fourth quarter valued at $218,000. Harbor Investment Advisory LLC raised its position in Live Nation Entertainment by 4.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,450 shares of the company's stock worth $317,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Live Nation Entertainment by 21.2% during the 4th quarter. UMB Bank n.a. now owns 532 shares of the company's stock valued at $69,000 after acquiring an additional 93 shares during the last quarter. City Holding Co. grew its stake in shares of Live Nation Entertainment by 8.8% in the fourth quarter. City Holding Co. now owns 1,363 shares of the company's stock worth $177,000 after acquiring an additional 110 shares during the period. Finally, Clarius Group LLC purchased a new stake in Live Nation Entertainment in the fourth quarter worth approximately $232,000. Hedge funds and other institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Price Performance

Live Nation Entertainment stock traded down $0.32 during midday trading on Wednesday, reaching $138.60. The company had a trading volume of 1,337,506 shares, compared to its average volume of 1,594,466. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment, Inc. has a 12-month low of $86.67 and a 12-month high of $141.18. The company has a market capitalization of $32.20 billion, a P/E ratio of 147.44, a P/E/G ratio of 1.57 and a beta of 1.38. The firm's fifty day simple moving average is $133.93 and its 200-day simple moving average is $114.16.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly 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 business had revenue of $7.65 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the prior year, the business earned $1.78 earnings per share. The business's revenue was down 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that Live Nation Entertainment, Inc. will post 1.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LYV shares. JPMorgan Chase & Co. increased their target price on Live Nation Entertainment from $137.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Citigroup raised their price objective on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their price objective on Live Nation Entertainment from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Bank of America lifted their price objective on Live Nation Entertainment from $125.00 to $149.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Roth Mkm upped their price target 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. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Live Nation Entertainment has a consensus 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.