Live Nation Entertainment, Inc. (NYSE:LYV) was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a research note issued on Monday, MarketBeat reports. The analysts noted that the move was a valuation call.

A number of other analysts have also recently weighed in on LYV. Jefferies Group LLC reaffirmed a “buy” rating and issued a $36.00 price target on shares of Live Nation Entertainment in a research report on Monday, June 5th. ValuEngine raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Macquarie reaffirmed an “outperform” rating and issued a $38.00 price target on shares of Live Nation Entertainment in a research report on Sunday, May 14th. Zacks Investment Research cut Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, Guggenheim assumed coverage on Live Nation Entertainment in a research report on Wednesday, May 24th. They issued a “buy” rating and a $40.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Live Nation Entertainment presently has a consensus rating of “Buy” and a consensus price target of $36.56.

Analyst Recommendations for Live Nation Entertainment (NYSE:LYV)

Shares of Live Nation Entertainment (NYSE LYV) traded down 1.73% during midday trading on Monday, hitting $35.79. The company had a trading volume of 318,287 shares. Live Nation Entertainment has a one year low of $22.20 and a one year high of $36.44. The firm’s market cap is $7.32 billion. The company’s 50 day moving average is $34.32 and its 200 day moving average is $30.19.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, May 4th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.11. Live Nation Entertainment had a negative return on equity of 0.16% and a negative net margin of 0.03%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.27 billion. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities analysts forecast that Live Nation Entertainment will post $0.13 earnings per share for the current fiscal year.

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In related news, Director James S. Kahan sold 10,000 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $34.01, for a total transaction of $340,100.00. Following the completion of the transaction, the director now owns 82,605 shares of the company’s stock, valued at approximately $2,809,396.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Ted Enloe III sold 6,337 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $35.82, for a total value of $226,991.34. Following the transaction, the director now directly owns 23,450 shares of the company’s stock, valued at approximately $839,979. The disclosure for this sale can be found here. Insiders have sold a total of 36,337 shares of company stock valued at $1,264,291 in the last three months. 4.77% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Live Nation Entertainment by 5.2% in the first quarter. Vanguard Group Inc. now owns 10,414,998 shares of the company’s stock valued at $316,303,000 after buying an additional 517,577 shares in the last quarter. Sentry Investments Corp. boosted its position in Live Nation Entertainment by 10.0% in the first quarter. Sentry Investments Corp. now owns 5,690,700 shares of the company’s stock valued at $172,827,000 after buying an additional 519,400 shares in the last quarter. State Street Corp boosted its position in Live Nation Entertainment by 2.9% in the first quarter. State Street Corp now owns 3,401,554 shares of the company’s stock valued at $103,306,000 after buying an additional 95,550 shares in the last quarter. Jennison Associates LLC boosted its position in Live Nation Entertainment by 4.5% in the first quarter. Jennison Associates LLC now owns 1,878,837 shares of the company’s stock valued at $57,060,000 after buying an additional 81,699 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in Live Nation Entertainment by 1.8% in the first quarter. Gabelli Funds LLC now owns 1,469,800 shares of the company’s stock valued at $44,638,000 after buying an additional 26,000 shares in the last quarter. 63.66% of the stock is owned by institutional investors and hedge funds.

About Live Nation Entertainment

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.

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