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

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. SOA Wealth Advisors LLC. increased its stake in Live Nation Entertainment by 19.0% during the 4th quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company’s stock worth $65,000 after buying an additional 80 shares in the last quarter. Western Pacific Wealth Management LP increased its stake in Live Nation Entertainment by 10.4% during the 4th quarter. Western Pacific Wealth Management LP now owns 867 shares of the company’s stock worth $112,000 after buying an additional 82 shares in the last quarter. Private Advisor Group LLC increased its stake in Live Nation Entertainment by 2.8% during the 3rd quarter. Private Advisor Group LLC now owns 3,218 shares of the company’s stock worth $352,000 after buying an additional 89 shares in the last quarter. UMB Bank n.a. increased its stake in Live Nation Entertainment by 21.2% during the 4th quarter. UMB Bank n.a. now owns 532 shares of the company’s stock worth $69,000 after buying an additional 93 shares in the last quarter. Finally, Gilbert & Cook Inc. increased its stake in Live Nation Entertainment by 1.7% during the 4th quarter. Gilbert & Cook Inc. now owns 5,463 shares of the company’s stock worth $707,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Analysts Set New Price Targets

LYV has been the subject of several research reports. Oppenheimer boosted their price objective on Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Morgan Stanley upped their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Bank of America upped their price target on Live Nation Entertainment from $149.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Guggenheim upped their price objective on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Roth Mkm upped their price objective on Live Nation Entertainment from $152.00 to $174.00 and gave the company a “buy” rating in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Live Nation Entertainment Stock Up 1.7 %

NYSE:LYV opened at $143.35 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. The stock’s fifty day moving average is $140.25 and its two-hundred day moving average is $124.39. Live Nation Entertainment, Inc. has a 52 week low of $86.81 and a 52 week high of $157.75. The stock has a market capitalization of $33.46 billion, a price-to-earnings ratio of 52.70, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last announced 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 for 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%. Research analysts anticipate 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 stock in a transaction on 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 sale, the executive vice president now directly owns 195,346 shares in the company, valued at approximately $30,356,768.40. This trade represents a 24.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.72% of the company’s stock.

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.