Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co trimmed its position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 41.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,428 shares of the company's stock after selling 18,609 shares during the period. Pine Valley Investments Ltd Liability Co's holdings in Live Nation Entertainment were worth $3,422,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LYV. Brooklyn Investment Group purchased a new stake in shares of Live Nation Entertainment in the third quarter valued at about $31,000. World Investment Advisors LLC acquired a new position in Live Nation Entertainment during the third quarter worth $38,000. Reston Wealth Management LLC purchased a new position in Live Nation Entertainment in the third quarter worth $41,000. Morse Asset Management Inc purchased a new stake in shares of Live Nation Entertainment during the 3rd quarter worth $42,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Live Nation Entertainment during the 4th quarter worth $42,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LYV shares. Morgan Stanley boosted their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. TD Cowen boosted their target price on Live Nation Entertainment from $108.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. StockNews.com upgraded Live Nation Entertainment from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Roth Mkm boosted their price objective on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Citigroup raised their target price on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $156.00.

Insider Activity at Live Nation Entertainment

In related news, EVP Michael Rowles sold 63,136 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the sale, the executive vice president now directly owns 195,346 shares in the company, valued at approximately $30,356,768.40. This trade represents a 24.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.72% of the company's stock.

Live Nation Entertainment Trading Up 1.7 %

Live Nation Entertainment stock traded up $2.39 during trading on Friday, hitting $143.35. The company's stock had a trading volume of 2,904,894 shares, compared to its average volume of 2,117,939. The stock has a market capitalization of $33.31 billion, a price-to-earnings ratio of 52.70, a P/E/G ratio of 1.81 and a beta of 1.38. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $157.75. 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 stock's fifty day moving average is $140.05 and its 200 day moving average is $123.81.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.67 billion. As a group, equities research analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

About Live Nation Entertainment

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.