Live Nation Entertainment, Inc. (NYSE:LYV) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. reduced its position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 54.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,217 shares of the company's stock after selling 90,683 shares during the period. Reinhart Partners LLC.'s holdings in Live Nation Entertainment were worth $9,741,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LYV. Frank Rimerman Advisors LLC purchased a new stake in shares of Live Nation Entertainment in the 2nd quarter worth about $748,000. Select Equity Group L.P. grew its position in shares of Live Nation Entertainment by 12.3% in the second quarter. Select Equity Group L.P. now owns 12,940,613 shares of the company's stock valued at $1,213,053,000 after purchasing an additional 1,415,173 shares during the last quarter. Davidson Kempner Capital Management LP purchased a new position in shares of Live Nation Entertainment during the 2nd quarter worth approximately $3,985,000. Czech National Bank raised its position in shares of Live Nation Entertainment by 17.5% during the 3rd quarter. Czech National Bank now owns 31,904 shares of the company's stock worth $3,493,000 after purchasing an additional 4,761 shares during the last quarter. Finally, Coronation Fund Managers Ltd. grew its holdings in Live Nation Entertainment by 48.3% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 51,187 shares of the company's stock valued at $4,798,000 after buying an additional 16,668 shares during the last quarter. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LYV shares. Roth Mkm lifted their price objective on Live Nation Entertainment from $132.00 to $152.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on Live Nation Entertainment from $137.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. StockNews.com raised Live Nation Entertainment from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. TD Cowen raised their price target on Live Nation Entertainment from $108.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, Benchmark upped their price objective on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $145.40.

Live Nation Entertainment Stock Up 1.8 %

NYSE LYV traded up $2.30 during trading hours on Monday, reaching $130.81. 1,286,251 shares of the company traded hands, compared to its average volume of 1,689,193. The company has a 50 day moving average of $132.66 and a two-hundred day moving average of $112.48. The stock has a market capitalization of $30.39 billion, a PE ratio of 139.16, a PEG ratio of 3.68 and a beta of 1.38. Live Nation Entertainment, Inc. has a 12 month low of $86.67 and a 12 month high of $141.18. 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 (NYSE:LYV - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. The firm had revenue of $7.65 billion during 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%. Live Nation Entertainment's quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.78 earnings per share. As a group, equities analysts expect that Live Nation Entertainment, Inc. will post 1.04 earnings per share 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.