Here is a breakdown of major shareholders in Sphere Entertainment Co (NYSE: SPHR)

Sphere Entertainment Co (NYSE: SPHR) is 19.76% higher on its value in year-to-date trading and has touched a low of $20.68 and a high of $43.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SPHR stock was last observed hovering at around $39.31 in the last trading session, with the day’s gains setting it 1.36%.

Currently trading at $40.67, the stock is 19.88% and 21.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 3.46% at the moment leaves the stock 22.16% off its SMA200. SPHR registered 68.30% gain for a year compared to 6-month loss of 0.97%. The firm has a 50-day simple moving average (SMA 50) of $3.25 and a 200-day simple moving average (SMA200) of $7.06.

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The stock witnessed a 20.68% gain in the last 1 month and extending the period to 3 months gives it a 21.84%, and is 11.95% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.23% over the week and 4.06% over the month.

Sphere Entertainment Co (SPHR) has around 1100 employees, a market worth around $1.43B and $924.56M in sales. Current P/E ratio is 3.84. Profit margin for the company is 40.36%. Distance from 52-week low is 96.62% and -7.42% from its 52-week high. The company has generated returns on investments over the last 12 months (12.05%).

Sphere Entertainment Co quarterly earnings per share for the current quarter are estimated at $0.23 with sales reaching $324.63M over the same period.The EPS is expected to shrink by -174.80% this year, but quarterly earnings will post 84.00% year-over-year.

265 institutions hold shares in Sphere Entertainment Co (SPHR), with institutional investors hold 105.78% of the company’s shares. The shares outstanding are 27.81M, and float is at 26.83M with Short Float at 22.74%. Institutions hold 101.14% of the Float.

The top institutional shareholder in the company is Ariel Investments, LLC with over 5.39 million shares valued at $147.54 million. The investor’s holdings represent 19.37% of the SPHR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 2.61 million shares valued at $71.39 million to account for 9.37% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 2.14 million shares representing 7.71% and valued at over $58.72 million, while Blackrock Inc. holds 6.56% of the shares totaling 1.83 million with a market value of $50.0 million.

Sphere Entertainment Co (SPHR) Insider Activity

A total of 29 insider transactions have happened at Sphere Entertainment Co (SPHR) in the last six months, with sales accounting for 8 and purchases happening 21 times. The most recent transaction is an insider sale by Sphere Entertainment Co., the company’s 10% Owner. SEC filings show that Sphere Entertainment Co. sold 8,221,188 shares of the company’s common stock on Sep 22 at a price of $31.20 per share for a total of $256.5 million. Following the sale, the insider now owns 0.0 shares.

Sphere Entertainment Co disclosed in a document filed with the SEC on Jun 27 that Sphere Entertainment Co. (10% Owner) sold a total of 6,877,553 shares of the company’s common stock. The trade occurred on Jun 27 and was made at $29.76 per share for $204.68 million. Following the transaction, the insider now directly holds 10.14 million shares of the SPHR stock.