Cantillon Capital Management LLC Grows Stake in Live Nation Entertainment, Inc. (NYSE:LYV)

Cantillon Capital Management LLC boosted its position in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,977,411 shares of the company’s stock after purchasing an additional 15,891 shares during the quarter. Live Nation Entertainment comprises about 2.3% of Cantillon Capital Management LLC’s portfolio, making the stock its 20th biggest position. Cantillon Capital Management LLC owned 1.28% of Live Nation Entertainment worth $385,575,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in Live Nation Entertainment during the 3rd quarter worth $31,000. World Investment Advisors LLC purchased a new position in Live Nation Entertainment during the 3rd quarter worth $38,000. Reston Wealth Management LLC purchased a new position in Live Nation Entertainment during the 3rd quarter worth $41,000. Morse Asset Management Inc purchased a new position in shares of Live Nation Entertainment in the 3rd quarter valued at $42,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Live Nation Entertainment in the 4th quarter valued at $42,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Live Nation Entertainment Stock Performance

Shares of LYV opened at $143.35 on Friday. The stock has a 50-day moving average of $140.25 and a two-hundred day moving average of $124.39. Live Nation Entertainment, Inc. has a one year low of $86.81 and a one year high of $157.75. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $33.46 billion, a P/E ratio of 52.70, a P/E/G ratio of 1.81 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.93) by $1.49. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. As a group, research analysts predict that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Insider Activity

In other news, EVP Michael Rowles sold 63,136 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $155.40, for a total value of $9,811,334.40. Following the completion of the transaction, the executive vice president now owns 195,346 shares of the company’s stock, valued at $30,356,768.40. The trade was a 24.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LYV shares. Oppenheimer lifted their price target on Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Roth Mkm lifted their price target on Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a report on Friday, February 21st. Citigroup lifted their price target on Live Nation Entertainment from $130.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. The Goldman Sachs Group lifted their price target on Live Nation Entertainment from $148.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, TD Cowen lifted their price target on Live Nation Entertainment from $108.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

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.