Cantillon Capital Management LLC Has $324.26 Million Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Cantillon Capital Management LLC lowered its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,961,520 shares of the company’s stock after selling 88,409 shares during the period. Live Nation Entertainment comprises about 2.0% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding. Cantillon Capital Management LLC owned 1.29% of Live Nation Entertainment worth $324,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of LYV. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Live Nation Entertainment by 119.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock worth $34,000 after purchasing an additional 202 shares in the last quarter. UMB Bank n.a. raised its position in Live Nation Entertainment by 67.4% during the second quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $41,000 after acquiring an additional 176 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in Live Nation Entertainment in the third quarter valued at approximately $41,000. Family Firm Inc. bought a new stake in Live Nation Entertainment in the second quarter worth approximately $42,000. Finally, Cromwell Holdings LLC increased its stake in shares of Live Nation Entertainment by 25.7% during the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company’s stock worth $47,000 after purchasing an additional 88 shares during the last quarter. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Jeffrey T. Hinson sold 5,640 shares of Live Nation Entertainment stock in a transaction on Monday, September 9th. The stock was sold at an average price of $95.18, for a total value of $536,815.20. Following the completion of the sale, the director now directly owns 53,949 shares of the company’s stock, valued at approximately $5,134,865.82. This trade represents a 9.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Rowles sold 35,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $97.64, for a total value of $3,417,400.00. Following the transaction, the executive vice president now directly owns 167,447 shares in the company, valued at $16,349,525.08. This trade represents a 17.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 168,799 shares of company stock valued at $16,449,718 in the last 90 days. 2.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on LYV. Evercore ISI increased their target price on shares of Live Nation Entertainment from $110.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark upped their price target on shares of Live Nation Entertainment from $132.00 to $144.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. TD Cowen upped their price target on Live Nation Entertainment from $108.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Bank of America raised their price objective on shares of Live Nation Entertainment from $125.00 to $149.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Guggenheim increased their price target on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Live Nation Entertainment Stock Performance

NYSE LYV opened at $132.60 on Tuesday. The firm has a market cap of $30.81 billion, a price-to-earnings ratio of 141.06, a PEG ratio of 3.44 and a beta of 1.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment, Inc. has a 1-year low of $81.38 and a 1-year high of $132.74. The company has a 50 day moving average of $113.54 and a 200-day moving average of $101.09.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. Live Nation Entertainment had a return on equity of 77.62% and a net margin of 2.11%. The company had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The business’s revenue was down 6.2% on a year-over-year basis. On average, equities analysts forecast that Live Nation Entertainment, Inc. will post 1.08 earnings per share for the current fiscal year.

About Live Nation Entertainment

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.