8,612 Shares in Sphere Entertainment Co. $SPHR Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new position in Sphere Entertainment Co. (NYSE:SPHR) in the second quarter, HoldingsChannel.com reports. The fund bought 8,612 shares of the company’s stock, valued at approximately $360,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of Sphere Entertainment by 95.3% in the 2nd quarter. GAMMA Investing LLC now owns 744 shares of the company’s stock worth $31,000 after buying an additional 363 shares during the last quarter. CWM LLC increased its position in Sphere Entertainment by 915.3% during the second quarter. CWM LLC now owns 731 shares of the company’s stock valued at $31,000 after acquiring an additional 659 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in Sphere Entertainment by 12.4% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 6,475 shares of the company’s stock valued at $271,000 after acquiring an additional 712 shares during the period. Empowered Funds LLC boosted its position in Sphere Entertainment by 0.4% in the second quarter. Empowered Funds LLC now owns 184,324 shares of the company’s stock worth $7,705,000 after purchasing an additional 809 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Sphere Entertainment by 5.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,270 shares of the company’s stock valued at $532,000 after purchasing an additional 831 shares during the period. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

Sphere Entertainment Price Performance

Shares of NYSE:SPHR opened at $84.25 on Friday. The company has a market capitalization of $2.97 billion, a P/E ratio of -16.30 and a beta of 1.79. Sphere Entertainment Co. has a 1-year low of $23.89 and a 1-year high of $85.48. The firm’s 50 day simple moving average is $70.78 and its two-hundred day simple moving average is $53.48. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.96 and a quick ratio of 0.96.

Wall Street Analyst Weigh In

SPHR has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sphere Entertainment in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Sphere Entertainment from $80.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday. The Goldman Sachs Group increased their price target on shares of Sphere Entertainment from $69.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Guggenheim lifted their price target on shares of Sphere Entertainment from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Morgan Stanley upped their price objective on Sphere Entertainment from $40.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, November 3rd. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Sphere Entertainment currently has an average rating of “Hold” and an average price target of $65.25.

About Sphere Entertainment

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.