Live Nation (LYV) Holdings Lessened by Rhumbline Advisers

Live Nation CEO Michael Rapino

ValuEngine upgraded Live Nation from a "hold" rating to a "buy" rating in a research note on Monday, April 2nd. Zacks Investment Research downgraded shares of Live Nation from a "hold" rating to a "sell" rating in a report on Wednesday, May 9th. Macquarie Research maintained the shares of LYV in report on Wednesday, August 9 with "Buy" rating. Guggenheim reiterated a "buy" rating and issued a $53.00 price target on shares of Live Nation in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the company. (TSS) price hitting a mean target of $93.68 a share, meaning the stock still has potential that could lift the price another 8.56% Also, the recent close suggests the stock is underpriced by 15.89% compared to the most bullish target. (NYSE:LYV) rating on Friday, December 22. The company maintains price to book ratio of 1.18 industry average at 2.28. Additionally, the price to earnings ratio is another popular way for analysts and investors to determine a company's profitability. Over the last 12 months, LYV's free cash flow per share is a positive 7.13, while that of ISR is negative -0.02. The company reported ($1.12) earnings per share for the quarter, missing the consensus estimate of ($1.08) by ($0.04). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.32 billion.

The performance of Live Nation Entertainment, Inc. Notwithstanding that, the firm is seeing a foremost top-line progress, with their year-over-year quarterly revenue increasing by 19.30%. During the same quarter previous year, the company posted ($0.22) EPS.

Several other institutional investors and hedge funds have also made changes to their positions in LYV. The ratio dived, as 161 funds opened new or increased equity positions, while 140 trimmed and sold holdings in Live Nation Entertainment Inc. Great West Life Assurance Co. The Covey Capital Advisors Llc holds 61,477 shares with $2.62M value, down from 74,555 last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Live Nation by 5.1% during the fourth quarter. LLC now owns 4,239 shares of the company's stock valued at $180,000 after acquiring an additional 1,325 shares during the last quarter. Global X Management Co. LLC increased its holdings in shares of Live Nation by 45.5% in the 4th quarter. Renaissance Technologies LLC now owns 3,767,366 shares of the company's stock worth $160,377,000 after purchasing an additional 758,666 shares during the period. Finally, Bank of Hawaii bought a new position in Live Nation in the 4th quarter worth $298,000. The shares recently went up by 2.76% or $1.18 and now trades at $43.90.

Dr. Stacy Smith the Founder and Director of the Annenberg Inclusion Initiative at the University of Southern California
Dr. Stacy Smith Founder and Director of the Annenberg Inclusion Initiative at the University of Southern California

The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased Live Nation Entertainment, Inc. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments.

As Live Nation continues to strive for gender equity and diversity across our Concert business, we have found that there simply aren't enough female-founded festivals or female promoters to draw on.

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