Ameritas Advisory Services LLC Sells 4,943 Shares of Live Nation Entertainment, Inc. $LYV

Ameritas Advisory Services LLC lessened its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 85.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 857 shares of the company’s stock after selling 4,943 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Live Nation Entertainment were worth $140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ground Swell Capital LLC bought a new stake in shares of Live Nation Entertainment in the third quarter worth $224,000. Illinois Municipal Retirement Fund boosted its position in Live Nation Entertainment by 43.6% in the third quarter. Illinois Municipal Retirement Fund now owns 21,917 shares of the company’s stock worth $3,581,000 after purchasing an additional 6,659 shares during the last quarter. Caprock Group LLC bought a new stake in shares of Live Nation Entertainment during the 3rd quarter valued at about $418,000. Stratos Wealth Partners LTD. increased its position in shares of Live Nation Entertainment by 119.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,359 shares of the company’s stock valued at $876,000 after purchasing an additional 2,919 shares during the last quarter. Finally, MQS Management LLC bought a new position in shares of Live Nation Entertainment in the 3rd quarter worth approximately $428,000. Institutional investors own 74.52% of the company’s stock.

Analyst Upgrades and Downgrades

LYV has been the subject of a number of analyst reports. Citigroup reduced their price target on Live Nation Entertainment from $195.00 to $181.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Susquehanna raised their target price on shares of Live Nation Entertainment from $174.00 to $175.00 and gave the stock a “positive” rating in a research note on Monday, November 3rd. Benchmark reiterated a “buy” rating on shares of Live Nation Entertainment in a research report on Tuesday, November 4th. Zacks Research cut shares of Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a research note on Friday, January 16th. Finally, Morgan Stanley lowered their target price on shares of Live Nation Entertainment from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Seventeen analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $172.45.

Live Nation Entertainment Price Performance

Shares of LYV stock opened at $156.82 on Thursday. The company has a market capitalization of $36.81 billion, a P/E ratio of 113.64, a P/E/G ratio of 10.61 and a beta of 1.18. The company’s 50-day simple moving average is $145.41 and its two-hundred day simple moving average is $150.13. Live Nation Entertainment, Inc. has a one year low of $112.88 and a one year high of $175.25. The company has a debt-to-equity ratio of 5.41, a current ratio of 0.92 and a quick ratio of 0.92.

Live Nation Entertainment Company Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.