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Covey Capital Advisors Decreased Position in Live Nation Entertainment In (LYV) by $549,276 as Stock Declined; As General Electric Co (GE) Share Value Declined, Shareholder Compton Capital Management Decreased Holding

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Compton Capital Management Inc decreased its stake in General Electric Co (GE) by 47.98% based on its latest 2017Q4 regulatory filing with the SEC. Compton Capital Management Inc sold 99,389 shares as the company’s stock declined 23.20% with the market. The institutional investor held 107,745 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.88M, down from 207,134 at the end of the previous reported quarter. Compton Capital Management Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $119.75B market cap company. The stock increased 3.45% or $0.46 during the last trading session, reaching $13.79. About 63.08M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 18, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Covey Capital Advisors Llc decreased its stake in Live Nation Entertainment In (LYV) by 17.54% based on its latest 2017Q4 regulatory filing with the SEC. Covey Capital Advisors Llc sold 13,078 shares as the company’s stock declined 0.07% with the market. The institutional investor held 61,477 shares of the consumer services company at the end of 2017Q4, valued at $2.62M, down from 74,555 at the end of the previous reported quarter. Covey Capital Advisors Llc who had been investing in Live Nation Entertainment In for a number of months, seems to be less bullish one the $8.11 billion market cap company. The stock increased 1.25% or $0.48 during the last trading session, reaching $38.97. About 1.26 million shares traded. Live Nation Entertainment, Inc. (NYSE:LYV) has risen 41.79% since April 18, 2017 and is uptrending. It has outperformed by 30.24% the S&P500.

Covey Capital Advisors Llc, which manages about $395.73 million and $75.64M US Long portfolio, upped its stake in Mgm Resorts International (NYSE:MGM) by 18,200 shares to 62,810 shares, valued at $2.10 million in 2017Q4, according to the filing. It also increased its holding in Fedex Corp (NYSE:FDX) by 1,610 shares in the quarter, for a total of 22,324 shares, and has risen its stake in Ituran Location And Control (NASDAQ:ITRN).

Analysts await Live Nation Entertainment, Inc. (NYSE:LYV) to report earnings on May, 3. They expect $-0.25 earnings per share, down 13.64% or $0.03 from last year’s $-0.22 per share. After $-1.12 actual earnings per share reported by Live Nation Entertainment, Inc. for the previous quarter, Wall Street now forecasts -77.68% EPS growth.

Investors sentiment decreased to 1.15 in 2017 Q4. Its down 0.39, from 1.54 in 2017Q3. It is negative, as 41 investors sold LYV shares while 99 reduced holdings. 63 funds opened positions while 98 raised stakes. 136.81 million shares or 1.26% more from 135.10 million shares in 2017Q3 were reported. Spark Inv Mgmt Limited Co reported 61,000 shares or 0.14% of all its holdings. Markston Intll Limited Liability holds 400 shares or 0% of its portfolio. Massachusetts Financial Svcs Ma accumulated 534,410 shares. Magnetar Fincl Ltd Llc owns 23,588 shares. Tiaa Cref Mngmt Ltd Co has 0.03% invested in Live Nation Entertainment, Inc. (NYSE:LYV). State Street invested in 4.30 million shares. Howe And Rusling invested 0% in Live Nation Entertainment, Inc. (NYSE:LYV). Moreover, Kj Harrison & Prns Incorporated has 0.94% invested in Live Nation Entertainment, Inc. (NYSE:LYV). Neuberger Berman Limited Liability reported 28,401 shares. State Board Of Administration Of Florida Retirement holds 0.02% of its portfolio in Live Nation Entertainment, Inc. (NYSE:LYV) for 163,486 shares. Profund Lc holds 16,881 shares. Retail Bank Of America De reported 0.01% stake. Wealthtrust accumulated 119 shares or 0% of the stock. Valueworks Limited accumulated 5.14% or 162,561 shares. Capstone Advsrs Llc, a New York-based fund reported 11,346 shares.

Among 14 analysts covering Live Nation (NYSE:LYV), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Live Nation had 25 analyst reports since September 18, 2015 according to SRatingsIntel. The firm has “In-Line” rating by Evercore given on Monday, November 20. The rating was upgraded by Citigroup to “Buy” on Monday, April 9. Citigroup initiated Live Nation Entertainment, Inc. (NYSE:LYV) on Thursday, October 8 with “Buy” rating. Citigroup downgraded it to “Hold” rating and $47.0 target in Friday, December 22 report. The firm has “Buy” rating by Macquarie Research given on Wednesday, August 9. The stock of Live Nation Entertainment, Inc. (NYSE:LYV) has “Buy” rating given on Friday, September 18 by Gabelli. The company was upgraded on Friday, October 30 by Albert Fried. The firm earned “Buy” rating on Wednesday, February 28 by Guggenheim. The company was maintained on Wednesday, October 12 by Citigroup. Jefferies maintained Live Nation Entertainment, Inc. (NYSE:LYV) rating on Monday, September 11. Jefferies has “Buy” rating and $42.0 target.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dropped, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Minnesota-based Sit Inv Associates Incorporated has invested 0.01% in General Electric Company (NYSE:GE). 33,287 are held by Hanson Mcclain. Convergence Inv Partners Limited Liability Com owns 145,016 shares or 0.34% of their US portfolio. Loudon Invest Limited Liability reported 100,383 shares stake. Adell Harriman And Carpenter owns 40,146 shares. Alpha Cubed Limited, California-based fund reported 42,795 shares. Jfs Wealth Limited Liability Co owns 11,400 shares. Weybosset Research Ltd Liability Company owns 15,570 shares for 0.17% of their portfolio. Sun Life holds 0.12% or 68,456 shares. Boltwood Cap Management has invested 0.69% in General Electric Company (NYSE:GE). Vaughan Nelson Investment Mngmt Ltd Partnership holds 0.01% or 47,825 shares. Cape Ann Bancorp, Massachusetts-based fund reported 18,514 shares. Matrix Asset Advsr holds 0.1% of its portfolio in General Electric Company (NYSE:GE) for 34,564 shares. Boston Private Wealth Limited Company reported 787,626 shares. Birmingham Capital Mgmt Al has 1.77% invested in General Electric Company (NYSE:GE) for 264,736 shares.

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20 before the open. They expect $0.11 EPS, down 47.62% or $0.10 from last year’s $0.21 per share. GE’s profit will be $955.19 million for 31.34 P/E if the $0.11 EPS becomes a reality. After $0.27 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts -59.26% negative EPS growth.

Compton Capital Management Inc, which manages about $284.24M and $234.27 million US Long portfolio, upped its stake in At&T Inc (NYSE:T) by 21,907 shares to 87,246 shares, valued at $3.39 million in 2017Q4, according to the filing.

Live Nation Entertainment, Inc. (NYSE:LYV) Institutional Positions Chart

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