Two Sigma Investments LP reduced its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 13.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 956,437 shares of the company’s stock after selling 154,389 shares during the quarter. Two Sigma Investments LP’s holdings in Live Nation Entertainment were worth $40,716,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Renaissance Technologies LLC boosted its holdings in shares of Live Nation Entertainment by 25.2% in the 4th quarter. Renaissance Technologies LLC now owns 3,767,366 shares of the company’s stock worth $160,377,000 after buying an additional 758,666 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Live Nation Entertainment by 29.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,786,851 shares of the company’s stock worth $118,636,000 after buying an additional 627,695 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Live Nation Entertainment by 0.5% in the 4th quarter. Clearbridge Investments LLC now owns 2,754,431 shares of the company’s stock worth $117,256,000 after buying an additional 13,580 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Live Nation Entertainment by 5.1% in the 4th quarter. Acadian Asset Management LLC now owns 2,364,397 shares of the company’s stock worth $100,651,000 after buying an additional 114,171 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Live Nation Entertainment by 24.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,813,800 shares of the company’s stock worth $78,991,000 after buying an additional 356,715 shares during the last quarter. 69.07% of the stock is currently owned by institutional investors.

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A number of equities analysts recently weighed in on LYV shares. Citigroup downgraded shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a report on Friday, December 22nd. Zacks Investment Research downgraded shares of Live Nation Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Guggenheim reaffirmed a “buy” rating and set a $53.00 price objective on shares of Live Nation Entertainment in a report on Thursday, March 1st. Finally, Macquarie reaffirmed a “buy” rating and set a $55.00 price objective on shares of Live Nation Entertainment in a report on Thursday, March 1st. Four equities research 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 stock. The company currently has an average rating of “Buy” and an average target price of $46.86.

Shares of Live Nation Entertainment, Inc. (LYV) opened at $45.15 on Wednesday. Live Nation Entertainment, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $49.11. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.88 and a quick ratio of 0.88.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($1.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.08) by ($0.04). Live Nation Entertainment had a negative net margin of 0.24% and a negative return on equity of 1.71%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.06 billion. analysts forecast that Live Nation Entertainment, Inc. will post 0.37 earnings per share for the current year.

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

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