1 week Ago By Defense World Staff
Legal & General Group Plc boosted its holdings in shares of Sphere Entertainment Co. (NYSE:SPHR – Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission.
The firm owned 26,678 shares of the company’s stock after acquiring an additional 720 shares during the quarter. Legal & General Group Plc owned 0.08% of Sphere Entertainment worth $1,076,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE increased its holdings in Sphere Entertainment by 3.8% in the fourth quarter.
US Bancorp DE now owns 7,511 shares of the company’s stock worth $303,000 after buying an additional 276 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in shares of Sphere Entertainment by 5.3% during the 4th quarter.
Central Pacific Bank Trust Division now owns 9,946 shares of the company’s stock worth $401,000 after purchasing an additional 500 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Sphere Entertainment by 10.8% during the 4th quarter.
Commonwealth Equity Services LLC now owns 7,411 shares of the company’s stock worth $299,000 after purchasing an additional 721 shares during the last quarter. Invesco Ltd. increased its stake in shares of Sphere Entertainment by 2.
2% during the 4th quarter. Invesco Ltd. now owns 38,615 shares of the company’s stock worth $1,557,000 after purchasing an additional 830 shares during the last quarter.
Finally, Concurrent Investment Advisors LLC increased its stake in shares of Sphere Entertainment by 18.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 5,793 shares of the company’s stock worth $234,000 after purchasing an additional 893 shares during the last quarter.
92.03% of the stock is currently owned by institutional investors and hedge funds. Insider Activity at Sphere EntertainmentIn related news, insider F.
Dolan 2009 Revocabl Charles sold 55,385 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $33.80, for a total transaction of $1,872,013.
00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 25.
08% of the company’s stock. Analysts Set New Price TargetsSPHR has been the topic of several analyst reports. The Goldman Sachs Group set a $36.
00 price target on shares of Sphere Entertainment and gave the stock a “buy” rating in a research note on Friday, April 18th. Benchmark restated a “sell” rating on shares of Sphere Entertainment in a research note on Monday, March 3rd. JPMorgan Chase & Co.
dropped their price target on shares of Sphere Entertainment from $57.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 4th.
Macquarie dropped their price target on shares of Sphere Entertainment from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th.
Finally, Guggenheim reiterated a “buy” rating and issued a $69.00 target price on shares of Sphere Entertainment in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock.
According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.75.
Check Out Our Latest Analysis on Sphere EntertainmentSphere Entertainment Price PerformanceNYSE:SPHR opened at $28.99 on Monday. The stock has a market cap of $1.
04 billion, a P/E ratio of -2.76 and a beta of 1.48.
Sphere Entertainment Co. has a one year low of $23.89 and a one year high of $50.
88. The company has a fifty day moving average price of $32.83 and a 200 day moving average price of $39.
08. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.
56 and a quick ratio of 0.56. About Sphere Entertainment (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 AlsoFive stocks we like better than Sphere EntertainmentHow to Profit From Growth Investing Texas Instruments: Earnings Beat, Upbeat Guidance Fuel RecoveryWhy Are These Companies Considered Blue Chips?O’Reilly Automotive: An Anytime Buy for Buy-and-Hold InvestorsWhat is a SEC Filing?Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2.
