Causeway Capital Management LLC Has $30.51 Million Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Causeway Capital Management LLC cut its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 49.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 235,621 shares of the company's stock after selling 233,506 shares during the period. Causeway Capital Management LLC owned approximately 0.10% of Live Nation Entertainment worth $30,513,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in Live Nation Entertainment by 17.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 493 shares of the company's stock valued at $65,000 after purchasing an additional 75 shares during the period. SOA Wealth Advisors LLC. raised its position in Live Nation Entertainment by 19.0% in the 4th quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company's stock valued at $65,000 after purchasing an additional 80 shares in the last quarter. Western Pacific Wealth Management LP increased its stake in shares of Live Nation Entertainment by 10.4% during the fourth quarter. Western Pacific Wealth Management LP now owns 867 shares of the company's stock worth $112,000 after buying an additional 82 shares during the period. UMB Bank n.a. raised its holdings in Live Nation Entertainment by 21.2% in the fourth quarter. UMB Bank n.a. now owns 532 shares of the company's stock valued at $69,000 after acquiring an additional 93 shares in the last quarter. Finally, Gilbert & Cook Inc. lifted its stake in Live Nation Entertainment by 1.7% in the fourth quarter. Gilbert & Cook Inc. now owns 5,463 shares of the company's stock worth $707,000 after acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company's stock.

Live Nation Entertainment Price Performance

Shares of Live Nation Entertainment stock traded up $1.90 on Friday, hitting $127.36. The company's stock had a trading volume of 2,566,577 shares, compared to its average volume of 2,245,343. Live Nation Entertainment, Inc. has a 52-week low of $86.81 and a 52-week high of $157.75. 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 firm has a fifty day moving average price of $132.90 and a 200-day moving average price of $130.84. The company has a market capitalization of $29.73 billion, a P/E ratio of 46.82, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of ($0.93) by $1.49. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The company had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.67 billion. On average, equities research analysts expect that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LYV shares. Roth Mkm boosted their target price on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. 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 report on Tuesday, February 18th. Rosenblatt Securities restated a "buy" rating and set a $174.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. The Goldman Sachs Group increased their price target on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Bank of America lifted their price objective on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Live Nation Entertainment currently has an average rating of "Moderate Buy" and an average price target of $160.33.

Insider Buying and Selling

In related news, EVP Michael Rowles sold 63,136 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the transaction, the executive vice president now owns 195,346 shares of the company's stock, valued at approximately $30,356,768.40. The trade was a 24.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Brian Capo sold 5,066 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total transaction of $624,333.84. Following the transaction, the chief accounting officer now directly owns 10,549 shares of the company's stock, valued at $1,300,058.76. This represents a 32.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,702 shares of company stock worth $10,497,143. 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.