Capital Investment Counsel Inc Has $466,000 Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Capital Investment Counsel Inc trimmed its position in Live Nation Entertainment, Inc. (NYSE:LYV) by 12.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,595 shares of the company’s stock after selling 500 shares during the period. Capital Investment Counsel Inc’s holdings in Live Nation Entertainment were worth $466,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LYV. Brooklyn Investment Group bought a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $31,000. World Investment Advisors LLC bought a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $38,000. Reston Wealth Management LLC bought a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $41,000. Morse Asset Management Inc bought a new stake in Live Nation Entertainment during the 3rd quarter worth approximately $42,000. Finally, Golden State Wealth Management LLC bought a new stake in Live Nation Entertainment during the 4th quarter worth approximately $42,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on LYV shares. Benchmark reissued a “buy” rating and set a $160.00 target price on shares of Live Nation Entertainment in a research note on Thursday. Evercore ISI raised their price target on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Roth Mkm raised their price target on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley raised their price target on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Guggenheim raised their price target on shares of Live Nation Entertainment from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $151.47.

Live Nation Entertainment Price Performance

NYSE:LYV opened at $152.21 on Friday. Live Nation Entertainment, Inc. has a 1-year low of $86.81 and a 1-year high of $155.10. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a fifty day simple moving average of $138.96 and a 200 day simple moving average of $121.87. The stock has a market capitalization of $35.37 billion, a PE ratio of 161.93, a P/E/G ratio of 1.79 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. On average, research analysts expect that Live Nation Entertainment, Inc. will post 0.99 EPS for the current fiscal year.

Live Nation Entertainment Profile

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.