2 weeks Ago By ABMN Staff
American Century Companies Inc. reduced its stake in Sphere Entertainment Co. ( NYSE:SPHR – Free Report ) by 8.
9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 48,905 shares of the company’s stock after selling 4,779 shares during the quarter. American Century Companies Inc.
’s holdings in Sphere Entertainment were worth $1,715,000 at the end of the most recent reporting period. A number of other hedge funds have also recently added to or reduced their stakes in the stock. Blue Trust Inc.
bought a new stake in shares of Sphere Entertainment during the 2nd quarter worth $27,000. Summit Securities Group LLC acquired a new stake in Sphere Entertainment in the 2nd quarter valued at $54,000. 1832 Asset Management L.
P. bought a new stake in shares of Sphere Entertainment during the first quarter worth about $85,000. Quent Capital LLC raised its stake in shares of Sphere Entertainment by 7,717.
6% in the first quarter. Quent Capital LLC now owns 2,658 shares of the company’s stock worth $130,000 after purchasing an additional 2,624 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Sphere Entertainment by 36.
2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,357 shares of the company’s stock valued at $188,000 after buying an additional 1,425 shares during the last quarter. Institutional investors own 92.
03% of the company’s stock. Wall Street Analyst Weigh In A number of analysts recently commented on the company. JPMorgan Chase & Co.
upgraded Sphere Entertainment from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $37.00 to $57.00 in a report on Friday, August 16th.
Bank of America lowered their price objective on shares of Sphere Entertainment from $45.00 to $43.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 17th.
Benchmark reissued a “sell” rating and set a $40.00 target price on shares of Sphere Entertainment in a research report on Tuesday, September 3rd. Guggenheim lifted their price target on shares of Sphere Entertainment from $58.
00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Macquarie increased their price objective on Sphere Entertainment from $38.
00 to $47.00 and gave the company a “neutral” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock.
According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $49.17.
Sphere Entertainment Stock Down 0.3 % Shares of NYSE SPHR opened at $43.38 on Monday.
The stock has a market capitalization of $1.53 billion, a P/E ratio of 3.98 and a beta of 1.
41. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.
63 and a quick ratio of 0.63. Sphere Entertainment Co.
has a one year low of $27.02 and a one year high of $51.83.
The firm’s 50 day simple moving average is $43.70 and its two-hundred day simple moving average is $41.42.
Sphere Entertainment ( NYSE:SPHR – Get Free Report ) last issued its earnings results on Wednesday, August 14th. The company reported ($2.00) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.
47) by $0.47. The firm had revenue of $273.
40 million for the quarter, compared to analysts’ expectations of $271.28 million. Sphere Entertainment had a negative net margin of 19.
54% and a negative return on equity of 9.02%. The business’s revenue was up 111.
8% on a year-over-year basis. During the same quarter last year, the business earned $15.43 earnings per share.
As a group, analysts expect that Sphere Entertainment Co. will post -9.24 EPS for the current fiscal year.
Sphere Entertainment Company Profile ( Free Report ) Sphere Entertainment Co engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. See Also Want to see what other hedge funds are holding SPHR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Sphere Entertainment Co. ( NYSE:SPHR – Free Report ). Receive News & Ratings for Sphere Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sphere Entertainment and related companies with MarketBeat.
com's FREE daily email newsletter ..
