Cooke & Bieler LP Has $36.65 Million Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Cooke & Bieler LP cut its holdings in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 20.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 282,970 shares of the company's stock after selling 71,350 shares during the quarter. Cooke & Bieler LP owned 0.12% of Live Nation Entertainment worth $36,645,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in LYV. Principal Financial Group Inc. boosted its position in Live Nation Entertainment by 1.2% during the third quarter. Principal Financial Group Inc. now owns 7,196,551 shares of the company's stock worth $787,950,000 after purchasing an additional 87,032 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Live Nation Entertainment by 1.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 350,497 shares of the company's stock valued at $38,376,000 after purchasing an additional 6,512 shares in the last quarter. Metis Global Partners LLC grew its position in Live Nation Entertainment by 7.4% in the third quarter. Metis Global Partners LLC now owns 5,073 shares of the company's stock valued at $555,000 after acquiring an additional 350 shares during the period. CIBC Asset Management Inc grew its position in Live Nation Entertainment by 14.9% in the third quarter. CIBC Asset Management Inc now owns 24,916 shares of the company's stock valued at $2,728,000 after acquiring an additional 3,231 shares during the period. Finally, Empirical Finance LLC grew its position in Live Nation Entertainment by 2.3% in the third quarter. Empirical Finance LLC now owns 4,639 shares of the company's stock valued at $508,000 after acquiring an additional 105 shares during the period. Institutional investors own 74.52% of the company's stock.

Insider Buying and Selling at Live Nation Entertainment

In other news, EVP Michael Rowles sold 63,136 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the sale, the executive vice president now owns 195,346 shares of the company's stock, valued at $30,356,768.40. This trade represents a 24.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.72% of the company's stock.

Live Nation Entertainment Stock Down 3.9 %

Shares of NYSE:LYV opened at $122.57 on Tuesday. The company has a market capitalization of $28.61 billion, a price-to-earnings ratio of 45.06, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. 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 company has a 50 day moving average of $140.30 and a two-hundred day moving average of $126.17. Live Nation Entertainment, Inc. has a 52-week low of $86.81 and a 52-week high of $157.75.

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Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of ($0.93) by $1.49. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates 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, analysts forecast that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Roth Mkm raised 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. Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of Live Nation Entertainment in a research report on Thursday, February 20th. Guggenheim lifted their target price on Live Nation Entertainment from $146.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lifted their target price on Live Nation Entertainment from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Finally, TD Cowen raised their price target on Live Nation Entertainment from $108.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $157.27.

Live Nation Entertainment 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.

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