Live Nation Entertainment, Inc. $LYV Shares Sold by Cantillon Capital Management LLC

Cantillon Capital Management LLC lowered its holdings in Live Nation Entertainment, Inc. (NYSE:LYV) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,775,959 shares of the company’s stock after selling 30,626 shares during the period. Live Nation Entertainment makes up 2.5% of Cantillon Capital Management LLC’s portfolio, making the stock its 15th biggest position. Cantillon Capital Management LLC owned about 1.18% of Live Nation Entertainment worth $453,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Live Nation Entertainment in the 2nd quarter valued at $198,336,000. Vanguard Group Inc. grew its stake in shares of Live Nation Entertainment by 2.1% in the second quarter. Vanguard Group Inc. now owns 20,306,413 shares of the company’s stock valued at $3,071,954,000 after buying an additional 423,541 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of Live Nation Entertainment during the 2nd quarter valued at about $54,126,000. Westfield Capital Management Co. LP lifted its position in Live Nation Entertainment by 110.2% during the 2nd quarter. Westfield Capital Management Co. LP now owns 677,730 shares of the company’s stock worth $102,527,000 after acquiring an additional 355,279 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Live Nation Entertainment by 771.5% in the 2nd quarter. AQR Capital Management LLC now owns 302,587 shares of the company’s stock worth $45,542,000 after acquiring an additional 267,868 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Stock Performance

Shares of LYV stock opened at $138.19 on Friday. The stock has a market capitalization of $32.44 billion, a price-to-earnings ratio of 100.14, a PEG ratio of 9.19 and a beta of 1.20. Live Nation Entertainment, Inc. has a one year low of $112.88 and a one year high of $175.25. The company’s 50-day simple moving average is $139.50 and its 200-day simple moving average is $150.16. The company has a debt-to-equity ratio of 5.41, a quick ratio of 0.92 and a current ratio of 0.92.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.81). Live Nation Entertainment had a net margin of 3.66% and a return on equity of 97.90%. The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.87 billion. During the same quarter in the previous year, the company earned $1.66 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts anticipate that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

LYV has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their target price on shares of Live Nation Entertainment from $160.00 to $165.00 and gave the stock a “sell” rating in a research report on Friday, January 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Live Nation Entertainment from $173.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Jefferies Financial Group cut shares of Live Nation Entertainment from a “buy” rating to a “hold” rating and decreased their price objective for the company from $161.00 to $155.00 in a research report on Tuesday, January 13th. Benchmark reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research report on Tuesday, November 4th. Finally, Guggenheim reduced their price target on Live Nation Entertainment from $172.00 to $168.00 and set a “buy” rating for the company in a report on Wednesday, January 14th. Seventeen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $173.30.

Live Nation Entertainment Company Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.