Live Nation Entertainment, Inc. $LYV Shares Acquired by Causeway Capital Management LLC

Causeway Capital Management LLC lifted its holdings in Live Nation Entertainment, Inc. (NYSE:LYVFree Report) by 5.9% during the third quarter, Holdings Channel reports. The institutional investor owned 232,404 shares of the company’s stock after purchasing an additional 12,947 shares during the quarter. Causeway Capital Management LLC’s holdings in Live Nation Entertainment were worth $37,975,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LYV. Principal Financial Group Inc. increased its holdings in shares of Live Nation Entertainment by 22.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,725,776 shares of the company’s stock valued at $1,589,196,000 after purchasing an additional 1,763,511 shares in the last quarter. Norges Bank acquired a new stake in shares of Live Nation Entertainment during the 2nd quarter valued at approximately $198,336,000. Vanguard Group Inc. boosted its stake in shares of Live Nation Entertainment by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 20,306,413 shares of the company’s stock worth $3,071,954,000 after acquiring an additional 423,541 shares in the last quarter. Holocene Advisors LP purchased a new position in Live Nation Entertainment in the 2nd quarter valued at approximately $54,126,000. Finally, Westfield Capital Management Co. LP boosted its position in Live Nation Entertainment by 110.2% during the second quarter. Westfield Capital Management Co. LP now owns 677,730 shares of the company’s stock worth $102,527,000 after purchasing an additional 355,279 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on LYV. Benchmark reiterated a “buy” rating on shares of Live Nation Entertainment in a research report on Thursday, February 19th. Guggenheim restated a “buy” rating and set a $180.00 target price on shares of Live Nation Entertainment in a research report on Monday. TD Cowen reaffirmed a “buy” rating on shares of Live Nation Entertainment in a report on Monday, February 23rd. UBS Group raised their price objective on shares of Live Nation Entertainment from $164.00 to $181.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $175.00 target price on shares of Live Nation Entertainment in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $183.65.

Check Out Our Latest Stock Report on LYV

Live Nation Entertainment Stock Performance

NYSE:LYV opened at $165.51 on Tuesday. The company has a debt-to-equity ratio of 8.51, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $38.86 billion, a PE ratio of -689.61 and a beta of 1.11. The firm has a 50 day simple moving average of $149.94 and a 200-day simple moving average of $150.33. Live Nation Entertainment, Inc. has a 1-year low of $112.88 and a 1-year high of $175.25.

Live Nation Entertainment (NYSE:LYVGet Free Report) last announced its earnings results on Thursday, February 19th. The company reported ($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($0.06). Live Nation Entertainment had a return on equity of 48.11% and a net margin of 1.79%.The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter last year, the business posted $0.58 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. On average, equities analysts expect that Live Nation Entertainment, Inc. will post 2.38 EPS for the current year.

Live Nation Entertainment News Roundup

Here are the key news stories impacting Live Nation Entertainment this week:

About Live Nation Entertainment

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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