Live Nation Entertainment, Inc. $LYV Stock Position Lifted by Cantillon Capital Management LLC

Cantillon Capital Management LLC boosted its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,797,205 shares of the company’s stock after acquiring an additional 21,246 shares during the quarter. Live Nation Entertainment makes up approximately 2.2% of Cantillon Capital Management LLC’s holdings, making the stock its 22nd largest position. Cantillon Capital Management LLC’s holdings in Live Nation Entertainment were worth $398,602,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Live Nation Entertainment by 1.8% in the third quarter. Vanguard Group Inc. now owns 20,679,128 shares of the company’s stock worth $3,378,970,000 after acquiring an additional 372,715 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Live Nation Entertainment by 10.3% in the 4th quarter. Principal Financial Group Inc. now owns 10,727,681 shares of the company’s stock valued at $1,528,700,000 after buying an additional 1,001,905 shares in the last quarter. Capital World Investors increased its holdings in Live Nation Entertainment by 4.8% in the third quarter. Capital World Investors now owns 5,145,834 shares of the company’s stock worth $840,829,000 after buying an additional 237,342 shares during the last quarter. Geode Capital Management LLC raised its position in Live Nation Entertainment by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 4,301,900 shares of the company’s stock valued at $610,707,000 after acquiring an additional 20,165 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Live Nation Entertainment by 4.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,195,473 shares of the company’s stock valued at $455,355,000 after acquiring an additional 123,800 shares during the last quarter. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 944 shares of Live Nation Entertainment stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $165.87, for a total transaction of $156,581.28. Following the sale, the director directly owned 48,030 shares in the company, valued at approximately $7,966,736.10. The trade was a 1.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Hopmans sold 93,078 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $166.07, for a total transaction of $15,457,463.46. Following the completion of the sale, the executive vice president directly owned 188,751 shares in the company, valued at approximately $31,345,878.57. The trade was a 33.03% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 157,798 shares of company stock valued at $26,088,615. Company insiders own 2.89% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on LYV. Weiss Ratings upgraded shares of Live Nation Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Live Nation Entertainment in a research report on Monday, March 9th. Wolfe Research increased their price objective on Live Nation Entertainment from $205.00 to $206.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Wall Street Zen upgraded Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Rothschild & Co Redburn increased their price target on Live Nation Entertainment from $193.00 to $195.00 in a report on Wednesday, May 6th. Twenty investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Live Nation Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $187.75.

Live Nation Entertainment Price Performance

Shares of NYSE:LYV opened at $160.13 on Monday. The firm has a market capitalization of $37.72 billion, a PE ratio of -90.47 and a beta of 1.12. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 13.93. Live Nation Entertainment, Inc. has a 1-year low of $125.34 and a 1-year high of $175.25. The business’s 50 day moving average is $160.87 and its 200-day moving average is $151.60.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Tuesday, May 5th. The company reported ($1.85) EPS for the quarter, missing the consensus estimate of ($0.35) by ($1.50). Live Nation Entertainment had a return on equity of 45.92% and a net margin of 0.15%.The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the business earned ($0.32) earnings per share. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts predict that Live Nation Entertainment, Inc. will post 1.13 earnings per share for the current year.

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.