Published: Sat, April 21, 2018
Business | By Tara Barton

Live Nation (NYSE:LYV) Upgraded by Citigroup to Buy


Jefferies maintained the stock with "Buy" rating in Friday, October 6 report. The company was initiated on Thursday, January 14 by Suntrust Robinson. The firm has "Buy" rating by Rosenblatt given on Thursday, June 22. The firm's market capitalization is $6.40 billion. As per Tuesday, August 25, the company rating was upgraded by Credit Agricole. Oppenheimer maintained Broadcom Inc. RBC Capital Markets maintained Broadcom Inc. Moreover, Buckingham Cap Inc has 0.39% invested in Citigroup Inc. Diamond Hill Capital Management Inc sold 119,985 shares as Live Nation Entertainment Inc (LYV)'s stock declined 0.07%. The Three Peaks Capital Management Llc holds 214,617 shares with $9.14 million value, down from 232,126 last quarter. Kentucky Retirement Systems who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $176.61B market cap company. The regular trading started at $39.26 but as the trading progressed, the stock receded, completing the session with a growth of 1.05%. First Personal Svcs reported 1,100 shares. Macquarie reiterated a "buy" rating and set a $55.00 price target on shares of Live Nation in a research note on Thursday, March 1st. (NYSE:LYV) has risen 41.79% since April 19, 2017 and is uptrending. LYV outperformed by 30.24% the S&P 500. Alliancebernstein L.P. lifted its stake in Live Nation by 1.4% in the fourth quarter. The company reported ($1.12) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($1.08) by ($0.04). That's down 13.64 % from last year's $-0.22 EPS. Nicholas Invest L P reported 0.44% in Live Nation Entertainment, Inc.

During 2017 Q4 the big money sentiment decreased to 1.15. Its down 0.39, from 1.54 in 2017Q3.

According to 12 stock analysts, Live Nation Entertainment, Inc., is being kept at an average Outperform, rating, with at least 9.97% of shares outstanding that are now legally short sold. 98 grew holdings while 63 funds acquired holdings. William Blair Investment Management LLC now owns 4,138,611 shares of the company's stock worth $176,181,000 after acquiring an additional 1,093,022 shares during the period. (NYSE:LYV). Northern Trust stated it has 0.02% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV) on Monday, May 2 to "Buy" rating. It also upped Ituran Location And Control (NASDAQ:ITRN) stake by 15,927 shares and now owns 29,533 shares. 5,959 are held by Regions Finance. Tiger Mngmt Limited Liability Company invested in 4.75% or 949,600 shares. LYV touched $39.25 during the last trading session after $0.22 change.Live Nation Entertainment, Inc. has volume of 1.60 million shares. Diamond Hill Mgmt Inc has 0.22% invested in Live Nation Entertainment, Inc. (NYSE:LYV). Massachusetts Serv Ma holds 0.01% or 534,410 shares in its portfolio. That activity is comparable to their recent volume average trend of almost 2.25 million shares which they recorded over a period of three months. Spark Invest Ltd Liability Company has 0.14% invested in Live Nation Entertainment, Inc.

Among 14 analysts covering Live Nation (NYSE:LYV), 11 have Buy rating, 0 Sell and 3 Hold.

CORPORATE REPORT: General Electric
Highland Capital Management Llc increased Sysco Corp (NYSE:SYY) stake by 5,461 shares to 17,461 valued at $1.06 million in 2017Q4. Vigilant Ltd Limited Liability Company invested 0.04% of its portfolio in General Electric Company (NYSE:GE). (NYSE:HON).

Live Nation (NYSE:LYV) last issued its quarterly earnings results on Tuesday, February 27th. Amundi Pioneer Asset Management reported 546,501 shares or 0.04% of all its holdings. Los Angeles Capital Management And Equity, California-based fund reported 30,667 shares.

Broadview Advisors Llc increased its stake in U S Silica Hldgs Inc (SLCA) by 33.32% based on its latest 2017Q4 regulatory filing with the SEC. LLC now owns 4,239 shares of the company's stock worth $180,000 after acquiring an additional 1,325 shares during the last quarter. Oracle Corp (NYSE:ORCL) was raised too. Lockheed Martin Management owns 0.09% invested in Oracle Corporation (NYSE:ORCL) for 42,220 shares. Therefore 50% are positive. On Monday, November 20 the stock of Live Nation Entertainment, Inc. The firm has "In-Line" rating by Evercore given on Monday, November 20. Jefferies maintained Live Nation Entertainment, Inc. Guggenheim has "Buy" rating and $48.0 target. Wells Fargo & Company MN raised its position in Live Nation by 29.1% during the fourth quarter. (NYSE:LYV) on Monday, June 19 to "Neutral" rating. The rating was upgraded by Liberum Capital on Wednesday, October 12 to "Hold". The company was upgraded on Tuesday, November 8 by Stephens. On Friday, December 22 the company was downgraded by Citigroup. As per Thursday, August 18, the company rating was initiated by JP Morgan. It also increased its holding in Adient Plc by 5,382 shares in the quarter, for a total of 10,593 shares, and has risen its stake in Copart Inc (NASDAQ:CPRT). On Monday, April 9 the firm has "Buy" rating given by Citigroup.

Edison International (EIX) investors sentiment increased to 1.25 in Q4 2017. Its up 0.31, from 1.8 in 2017Q3. 7 funds opened positions while 12 raised stakes. 298.48 million shares or 9.36% more from 272.94 million shares in 2017Q3 were reported. Scott And Selber Inc reported 16,224 shares or 2.23% of all its holdings. Nordea Invest Management owns 214,657 shares or 0.02% of their USA portfolio.

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