Sphere Entertainment Co. (NYSE:SPHR) Shares Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd.

lifted its position in shares of Sphere Entertainment Co.

( NYSE:SPHR Free Report ) by 35.7% during the first quarter, according to its most recent Form 13F filing with the SEC.

The institutional investor owned 66,945 shares of the companys stock after purchasing an additional 17,623 shares during the period.

Pinnacle Associates Ltd.s holdings in Sphere Entertainment were worth $2,190,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company.

Sterling Capital Management LLC increased its position in shares of Sphere Entertainment by 826.1% during the fourth quarter.

Sterling Capital Management LLC now owns 852 shares of the companys stock worth $34,000 after purchasing an additional 760 shares in the last quarter.

Ancora Advisors LLC acquired a new stake in shares of Sphere Entertainment during the fourth quarter worth about $40,000.

Tower Research Capital LLC TRC increased its position in shares of Sphere Entertainment by 108.1% during the fourth quarter.

Tower Research Capital LLC TRC now owns 1,311 shares of the companys stock worth $53,000 after purchasing an additional 681 shares in the last quarter.

Public Employees Retirement System of Ohio acquired a new stake in shares of Sphere Entertainment during the fourth quarter worth about $93,000.

Finally, Jefferies Financial Group Inc.

acquired a new stake in shares of Sphere Entertainment during the fourth quarter worth about $202,000.

Institutional investors and hedge funds own 92.03% of the companys stock.

Sphere Entertainment Stock Performance NYSE SPHR opened at $43.54 on Friday.

The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.24.

The businesss 50 day moving average is $40.75 and its two-hundred day moving average is $37.87.

Sphere Entertainment Co.

has a 12-month low of $23.89 and a 12-month high of $50.88.

The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of -4.35 and a beta of 1.66.

Analyst Ratings Changes Several equities analysts recently issued reports on the company.

Morgan Stanley dropped their price target on Sphere Entertainment from $45.00 to $32.00 and set an equal weight rating on the stock in a research report on Thursday, April 10th.

JPMorgan Chase & Co.

boosted their price target on Sphere Entertainment from $54.00 to $55.00 and gave the company an overweight rating in a research report on Wednesday, May 21st.

Craig Hallum assumed coverage on Sphere Entertainment in a research report on Monday, June 23rd.

They issued a buy rating and a $75.00 price target on the stock.

Susquehanna assumed coverage on Sphere Entertainment in a research report on Monday, April 28th.

They issued a positive rating and a $37.00 price target on the stock.

Finally, The Goldman Sachs Group set a $36.00 price target on Sphere Entertainment and gave the company a buy rating in a research report on Friday, April 18th.

One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock.

Based on data from MarketBeat.com, Sphere Entertainment presently has a consensus rating of Hold and a consensus price target of $48.70.

Check Out Our Latest Report on Sphere Entertainment 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.

Recommended Stories 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 ).

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