Citigroup lowered shares of Live Nation Entertainment (NYSE:LYV) from a buy rating to a neutral rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has $47.00 price objective on the stock.

Several other equities analysts have also weighed in on the company. Macquarie reissued a buy rating and issued a $48.00 target price on shares of Live Nation Entertainment in a research note on Sunday, November 5th. Jefferies Group increased their target price on Live Nation Entertainment from $42.00 to $46.00 and gave the company a buy rating in a research note on Friday, November 3rd. Zacks Investment Research lowered Live Nation Entertainment from a buy rating to a hold rating in a research note on Thursday, October 26th. Finally, JPMorgan Chase & Co. reissued a buy rating on shares of Live Nation Entertainment in a research note on Wednesday, October 18th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $44.00.

Live Nation Entertainment (LYV) opened at $42.07 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.11 and a current ratio of 1.11. Live Nation Entertainment has a one year low of $26.44 and a one year high of $46.99. The stock has a market capitalization of $8,700.00, a price-to-earnings ratio of 2,104.55 and a beta of 1.05.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the company earned $0.49 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. analysts forecast that Live Nation Entertainment will post 0.16 EPS for the current fiscal year.

In other news, COO Joe Berchtold sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $46.55, for a total transaction of $931,000.00. Following the sale, the chief operating officer now owns 77,918 shares of the company’s stock, valued at $3,627,082.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael Rapino sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $45.46, for a total value of $3,182,200.00. Following the sale, the chief executive officer now directly owns 395,277 shares in the company, valued at approximately $17,969,292.42. The disclosure for this sale can be found here. Insiders sold 1,106,511 shares of company stock worth $49,467,752 in the last three months. Insiders own 4.77% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its position in shares of Live Nation Entertainment by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 7,830 shares of the company’s stock worth $273,000 after purchasing an additional 63 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Live Nation Entertainment by 0.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,493 shares of the company’s stock worth $679,000 after purchasing an additional 177 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Live Nation Entertainment by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,321 shares of the company’s stock worth $185,000 after purchasing an additional 445 shares during the period. State of Wisconsin Investment Board raised its position in shares of Live Nation Entertainment by 1.9% during the second quarter. State of Wisconsin Investment Board now owns 26,701 shares of the company’s stock worth $931,000 after purchasing an additional 490 shares during the period. Finally, Colony Group LLC grew its holdings in shares of Live Nation Entertainment by 0.7% during the second quarter. Colony Group LLC now owns 76,495 shares of the company’s stock worth $2,666,000 after buying an additional 540 shares in the last quarter. 68.06% of the stock is currently owned by institutional investors.

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Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

Analyst Recommendations for Live Nation Entertainment (NYSE:LYV)

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