City Holding Co. Has $177,000 Stock Position in Live Nation Entertainment, Inc. (NYSE:LYV)

City Holding Co. increased its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 8.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,363 shares of the company’s stock after acquiring an additional 110 shares during the quarter. City Holding Co.’s holdings in Live Nation Entertainment were worth $177,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Clarius Group LLC acquired a new stake in Live Nation Entertainment during the 4th quarter valued at $232,000. Jackson Square Capital LLC purchased a new position in shares of Live Nation Entertainment during the fourth quarter valued at $355,000. Ameritas Advisory Services LLC raised its position in Live Nation Entertainment by 19.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 8,001 shares of the company’s stock valued at $1,036,000 after buying an additional 1,301 shares during the period. HB Wealth Management LLC purchased a new stake in Live Nation Entertainment in the 4th quarter worth about $230,000. Finally, KRS Capital Management LLC acquired a new stake in Live Nation Entertainment during the 4th quarter worth about $233,000. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LYV. Deutsche Bank Aktiengesellschaft upped their target price on Live Nation Entertainment from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Benchmark increased their target price on shares of Live Nation Entertainment from $144.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Oppenheimer boosted their price target on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. StockNews.com raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group upped their target price on Live Nation Entertainment from $132.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Live Nation Entertainment presently has an average rating of “Moderate Buy” and an average price target of $145.40.

Live Nation Entertainment Stock Up 1.6 %

Live Nation Entertainment stock opened at $135.71 on Tuesday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $141.18. The firm has a fifty day moving average price of $133.75 and a two-hundred day moving average price of $113.85. The firm has a market cap of $31.53 billion, a price-to-earnings ratio of 144.37, a P/E/G ratio of 1.50 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Monday, November 11th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. The business had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The firm’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. As a group, analysts forecast that Live Nation Entertainment, Inc. will post 1.02 earnings per share for the current year.

Live Nation Entertainment Company 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.