RBF Capital LLC Sells 10,000 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

RBF Capital LLC cut its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 20.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the company's stock after selling 10,000 shares during the quarter. RBF Capital LLC's holdings in Live Nation Entertainment were worth $5,180,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LYV. World Investment Advisors LLC purchased a new stake in Live Nation Entertainment in the third quarter worth $38,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Live Nation Entertainment during the 4th quarter worth $40,000. Morse Asset Management Inc purchased a new stake in Live Nation Entertainment in the 3rd quarter worth about $42,000. Golden State Wealth Management LLC bought a new stake in Live Nation Entertainment in the 4th quarter valued at about $42,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Live Nation Entertainment during the fourth quarter valued at about $44,000. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Price Performance

Shares of NYSE LYV traded up $0.23 during mid-day trading on Friday, reaching $132.95. 1,277,513 shares of the company were exchanged, compared to its average volume of 2,242,680. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week high of $157.75. The company's 50 day moving average price is $130.21 and its 200 day moving average price is $131.62. The stock has a market capitalization of $31.03 billion, a PE ratio of 48.88, a PEG ratio of 1.81 and a beta of 1.31. 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 (NYSE:LYV - Get Free Report) 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. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. Sell-side analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Live Nation Entertainment

In other news, EVP Michael Rowles sold 63,136 shares of Live Nation Entertainment stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the transaction, the executive vice president now owns 195,346 shares in the company, valued at approximately $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian Capo sold 5,066 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total value of $624,333.84. Following the completion of the sale, the chief accounting officer now directly owns 10,549 shares of the company's stock, valued at approximately $1,300,058.76. This trade represents a 32.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,702 shares of company stock worth $10,497,143 over the last ninety days. Insiders own 2.72% of the company's stock.

Wall Street Analyst Weigh In

LYV has been the topic of several research reports. Benchmark reissued a "buy" rating and issued a $178.00 price target on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. Roth Mkm increased their target price on Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. The Goldman Sachs Group lifted their price target on Live Nation Entertainment from $148.00 to $166.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Bank of America increased their price objective on Live Nation Entertainment from $149.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Live Nation Entertainment presently has an average rating of "Moderate Buy" and an average target price of $160.33.

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.