Aquatic Capital Management LLC Grows Holdings in Sphere Entertainment Co. (NYSE:SPHR)

Aquatic Capital Management LLC grew its position in shares of Sphere Entertainment Co. (NYSE:SPHR) by 95.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,395 shares of the company’s stock after buying an additional 30,995 shares during the quarter. Aquatic Capital Management LLC’s holdings in Sphere Entertainment were worth $2,556,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SPHR. Boothbay Fund Management LLC grew its stake in shares of Sphere Entertainment by 169.0% during the 4th quarter. Boothbay Fund Management LLC now owns 9,100 shares of the company’s stock worth $367,000 after purchasing an additional 22,296 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Sphere Entertainment in the 4th quarter valued at about $645,000. Tower Research Capital LLC TRC lifted its holdings in Sphere Entertainment by 108.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,311 shares of the company’s stock valued at $53,000 after purchasing an additional 681 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Sphere Entertainment by 7.6% in the 4th quarter. MetLife Investment Management LLC now owns 17,387 shares of the company’s stock valued at $701,000 after purchasing an additional 1,229 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Sphere Entertainment by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,465,363 shares of the company’s stock valued at $59,084,000 after purchasing an additional 9,837 shares in the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Insider Buying and Selling at Sphere Entertainment

In other news, insider F. Dolan 2009 Revocabl Charles sold 55,385 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 25.08% of the company’s stock.

Sphere Entertainment Stock Up 2.7 %

SPHR opened at $29.65 on Tuesday. The firm’s 50-day simple moving average is $32.46 and its 200-day simple moving average is $38.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.56 and a current ratio of 0.56. Sphere Entertainment Co. has a twelve month low of $23.89 and a twelve month high of $50.88. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -2.82 and a beta of 1.48.

Analyst Ratings Changes

Several research analysts have recently weighed in on SPHR shares. Morgan Stanley cut their price objective on shares of Sphere Entertainment from $45.00 to $32.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. Benchmark reaffirmed a “sell” rating on shares of Sphere Entertainment in a research report on Monday, March 3rd. Macquarie dropped their price objective 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. Guggenheim restated a “buy” rating and issued a $69.00 price target on shares of Sphere Entertainment in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Sphere Entertainment from $57.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Sphere Entertainment has a consensus rating of “Hold” and a consensus target price of $45.67.

Sphere Entertainment Company Profile

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.