Sphere Entertainment Co. (NYSE:SPHR) Insider F. Dolan 2009 Revocabl Charles Sells 55,385 Shares of Stock

Sphere Entertainment Co. (NYSE:SPHR) insider F. Dolan 2009 Revocabl Charles sold 55,385 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $33.80, for a total value of $1,872,013.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sphere Entertainment Price Performance

Shares of NYSE SPHR opened at $31.93 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a fifty day moving average price of $42.96 and a 200 day moving average price of $42.50. Sphere Entertainment Co. has a 1-year low of $30.78 and a 1-year high of $50.88. The company has a market cap of $1.13 billion, a PE ratio of -3.04 and a beta of 1.39.

Analyst Upgrades and Downgrades

SPHR has been the subject of a number of research analyst reports. Benchmark reaffirmed a “sell” rating on shares of Sphere Entertainment in a report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price target on Sphere Entertainment from $57.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, March 4th. Finally, Macquarie lowered their price target on Sphere Entertainment from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sphere Entertainment has an average rating of “Hold” and an average target price of $46.75.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SPHR. Jefferies Financial Group Inc. acquired a new stake in shares of Sphere Entertainment during the fourth quarter valued at $202,000. Putney Financial Group LLC acquired a new stake in shares of Sphere Entertainment during the fourth quarter valued at $257,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Sphere Entertainment during the fourth quarter valued at $93,000. Poehling Capital Management INC. boosted its stake in shares of Sphere Entertainment by 104.1% during the fourth quarter. Poehling Capital Management INC. now owns 35,839 shares of the company’s stock valued at $1,445,000 after acquiring an additional 18,280 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Sphere Entertainment by 14.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 46,330 shares of the company’s stock valued at $1,868,000 after acquiring an additional 5,849 shares during the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.

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.