New York State Common Retirement Fund Lowers Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

New York State Common Retirement Fund cut its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 467,314 shares of the company’s stock after selling 8,200 shares during the period. New York State Common Retirement Fund owned 0.22% of Live Nation Entertainment worth $33,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Live Nation Entertainment by 43.2% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 29,257 shares of the company’s stock valued at $2,096,000 after purchasing an additional 8,826 shares during the last quarter. US Bancorp DE increased its position in shares of Live Nation Entertainment by 96.6% during the 4th quarter. US Bancorp DE now owns 18,101 shares of the company’s stock valued at $1,294,000 after purchasing an additional 8,893 shares during the last quarter. SkyOak Wealt LLC bought a new position in Live Nation Entertainment in the 4th quarter valued at $221,000. Municipal Employees Retirement System of Michigan grew its position in Live Nation Entertainment by 1.1% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 25,800 shares of the company’s stock valued at $1,844,000 after acquiring an additional 290 shares during the last quarter. Finally, First Mercantile Trust Co. grew its position in Live Nation Entertainment by 7.7% in the 4th quarter. First Mercantile Trust Co. now owns 4,581 shares of the company’s stock valued at $327,000 after acquiring an additional 328 shares during the last quarter. 67.98% of the stock is currently owned by institutional investors.

LYV has been the topic of several research analyst reports. Guggenheim set a $84.00 price objective on Live Nation Entertainment and gave the company a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research downgraded Live Nation Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Jefferies Financial Group set a $84.00 price objective on Live Nation Entertainment and gave the company a “buy” rating in a research report on Friday, October 25th. William Blair reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research report on Monday, November 18th. Finally, Cowen initiated coverage on Live Nation Entertainment in a research report on Monday, January 27th. They issued an “outperform” rating and a $85.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $77.10.

Shares of Live Nation Entertainment stock opened at $74.02 on Friday. The stock’s fifty day moving average is $72.14 and its two-hundred day moving average is $69.51. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.49. Live Nation Entertainment, Inc. has a 52 week low of $55.10 and a 52 week high of $76.06.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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