Causeway Capital Management LLC Raises Holdings in Live Nation Entertainment, Inc. $LYV

Key Points

• Causeway Capital raised its stake in Live Nation by 5.9% in Q3 to 232,404 shares (about $37.98M), and institutional investors now own roughly 74.52% of the company with large positions from Principal, Vanguard and Norges Bank.
• The provisional DOJ settlement avoids a forced breakup of Ticketmaster and lifted LYV shares, but it requires about $200M in payments, divestitures, technology access and fee/exclusivity limits and still faces state and political pushback, so legal uncertainty remains.
• In the most recent quarter Live Nation reported $6.31B in revenue (an 11.1% YoY beat) but missed EPS (-$1.06 vs. -$1.00 consensus); the stock trades with a negative PE, roughly $38.9B market cap, and analysts’ consensus rating is a Moderate Buy with an average target of $183.65.

Causeway Capital Management LLC lifted its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 5.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 232,404 shares of the company's stock after buying an additional 12,947 shares during the quarter. Causeway Capital Management LLC owned approximately 0.10% of Live Nation Entertainment worth $37,975,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LYV. Principal Financial Group Inc. raised 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 Live Nation Entertainment in the second quarter valued at $198,336,000. Vanguard Group Inc. boosted its position 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 shares of Live Nation Entertainment in the 2nd quarter valued at about $54,126,000. Finally, Westfield Capital Management Co. LP lifted its stake 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 during the last quarter. Hedge funds and other institutional investors own 74.52% of the company's stock.

Live Nation Entertainment Price Performance

Live Nation Entertainment stock opened at $165.51 on Tuesday. The business 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 12 month low of $112.88 and a 12 month high of $175.25. 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 stock has a market capitalization of $38.86 billion, a PE ratio of -689.61 and a beta of 1.11.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The company reported ($1.06) EPS for the quarter, missing analysts' consensus estimates of ($1.00) by ($0.06). The firm had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.12 billion. Live Nation Entertainment had a return on equity of 48.11% and a net margin of 1.79%.The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS. Equities analysts predict that Live Nation Entertainment, Inc. will post 2.38 earnings per share for the current year.

Key Headlines Impacting Live Nation Entertainment

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

• Positive Sentiment: Settlement spares breakup — avoids forced sale of Ticketmaster, which investors view as protecting long‑term revenue and synergies. LIVE NATION ENTERTAINMENT REACHES SETTLEMENT WITH U.S. DEPARTMENT OF JUSTICE
• Positive Sentiment: Market reaction: reports of the settlement lifted LYV shares in premarket/early trading as investors priced out the breakup scenario and uncertainty. Reports of a Settlement with the DOJ Are Lifting Live Nation's Stock
• Neutral Sentiment: Settlement still provisional — agreement must be approved by the presiding judge and could be altered; some states may pursue their own actions, so legal uncertainty isn’t fully resolved. Live Nation settles US antitrust case
• Negative Sentiment: Deal imposes operational and financial costs — reports say Live Nation will pay roughly $200 million, must divest around a dozen amphitheaters, open parts of Ticketmaster’s tech to rivals, limit venue exclusivity and cap certain fees, which could weigh on future margins and market power. Live Nation Reaches DOJ Antitrust Settlement, Ticketmaster Platform to Open to Rivals and Fees Capped
• Negative Sentiment: Political and state resistance: several state attorneys general say they haven’t dropped their cases, and prominent politicians publicly criticized the DOJ deal — these dynamics could increase regulatory scrutiny and public pressure on Ticketmaster’s business model. Live Nation Settlement Hits Sour Note With State AGs
• Negative Sentiment: Public backlash: high‑profile criticism (e.g., Sen. Elizabeth Warren) highlights reputational risk and could galvanize further regulatory/political action. Elizabeth Warren Says Trump 'Betrayed' Fans Exploited By Ticketmaster, Slams DOJ's Live Nation Settlement

Wall Street Analyst Weigh In

A number of research firms have weighed in on LYV. Weiss Ratings cut shares of Live Nation Entertainment from a "hold (c)" rating to a "sell (d+)" rating in a report on Friday, February 20th. Rothschild & Co Redburn raised shares of Live Nation Entertainment from a "neutral" rating to a "buy" rating and boosted their price target for the company from $166.00 to $193.00 in a research report on Friday, February 27th. Zacks Research lowered Live Nation Entertainment from a "hold" rating to a "strong sell" rating in a report on Friday, January 16th. Jefferies Financial Group reissued a "hold" rating on shares of Live Nation Entertainment in a research report on Monday. Finally, Evercore reiterated an "outperform" rating and issued a $198.00 price objective on shares of Live Nation Entertainment in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $183.65.

Live Nation Entertainment Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.