O Keefe Stevens Advisory Inc. Has $8.18 Million Stock Position in Sphere Entertainment Co. (NYSE:SPHR)

O Keefe Stevens Advisory Inc. raised its stake in shares of Sphere Entertainment Co. (NYSE:SPHRFree Report) by 1.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 166,701 shares of the company’s stock after purchasing an additional 2,383 shares during the quarter. Sphere Entertainment accounts for about 2.7% of O Keefe Stevens Advisory Inc.’s investment portfolio, making the stock its 14th biggest position. O Keefe Stevens Advisory Inc. owned about 0.47% of Sphere Entertainment worth $8,182,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Ancora Advisors LLC acquired a new stake in Sphere Entertainment during the third quarter worth $25,000. National Bank of Canada FI bought a new position in shares of Sphere Entertainment during the 4th quarter worth approximately $46,000. Citigroup Inc. acquired a new stake in Sphere Entertainment in the 3rd quarter valued at $59,000. Quest Partners LLC bought a new stake in Sphere Entertainment in the fourth quarter valued at $61,000. Finally, Amalgamated Bank bought a new position in shares of Sphere Entertainment during the third quarter valued at $96,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Sphere Entertainment Trading Down 2.1 %

NYSE SPHR traded down $0.72 on Friday, reaching $33.28. The company had a trading volume of 883,738 shares, compared to its average volume of 459,420. The stock’s 50 day moving average is $37.78 and its 200-day moving average is $38.80. Sphere Entertainment Co. has a 52 week low of $26.02 and a 52 week high of $51.83. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 3.06 and a beta of 1.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.21.

Sphere Entertainment (NYSE:SPHRGet Free Report) last announced its earnings results on Friday, May 10th. The company reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.98). The company had revenue of $321.33 million for the quarter, compared to analyst estimates of $324.65 million. Sphere Entertainment had a return on equity of 8.11% and a net margin of 43.36%. The business’s quarterly revenue was up 98.3% on a year-over-year basis. During the same quarter last year, the business posted ($1.08) earnings per share. Equities analysts predict that Sphere Entertainment Co. will post -4.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Seaport Res Ptn cut shares of Sphere Entertainment from a “buy” rating to a “neutral” rating in a research note on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.60.

View Our Latest Report on Sphere Entertainment

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.

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Institutional Ownership by Quarter for Sphere Entertainment (NYSE:SPHR)

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