2 weeks Ago By ABMN Staff
Shares of Sphere Entertainment Co. ( NYSE:SPHR – Get Free Report ) gapped up prior to trading on Friday . The stock had previously closed at $33.
78, but opened at $34.49. Sphere Entertainment shares last traded at $33.
73, with a volume of 170,288 shares trading hands. Analysts Set New Price Targets Several equities analysts recently issued reports on SPHR shares. Macquarie decreased their target price on Sphere Entertainment from $45.
00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co.
lowered their price objective on shares of Sphere Entertainment from $57.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, March 4th.
Finally, Benchmark reaffirmed a “sell” rating on shares of Sphere Entertainment in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Sphere Entertainment has a consensus rating of “Hold” and a consensus target price of $46.
75. Read Our Latest Analysis on SPHR Sphere Entertainment Price Performance Insider Buying and Selling at Sphere Entertainment In other news, insider F. Dolan 2009 Revocabl Charles sold 55,385 shares of the stock in a transaction dated Monday, March 10th.
The stock was sold at an average price of $33.80, for a total value of $1,872,013.00.
The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink . Insiders own 25.08% of the company’s stock.
Hedge Funds Weigh In On Sphere Entertainment A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPHR. Jefferies Financial Group Inc. acquired a new stake in Sphere Entertainment during the fourth quarter worth approximately $202,000.
Putney Financial Group LLC purchased a new position in shares of Sphere Entertainment in the 4th quarter valued at $257,000. Public Employees Retirement System of Ohio acquired a new stake in Sphere Entertainment during the 4th quarter worth $93,000. Poehling Capital Management INC.
lifted its position in Sphere Entertainment by 104.1% in the fourth quarter. Poehling Capital Management INC.
now owns 35,839 shares of the company’s stock valued at $1,445,000 after acquiring an additional 18,280 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Sphere Entertainment by 14.4% in the fourth quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 46,330 shares of the company’s stock valued at $1,868,000 after acquiring an additional 5,849 shares in the last quarter. 92.03% of the stock is owned by institutional investors and hedge funds.
About Sphere Entertainment ( Get 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. Further Reading 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.
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