Alliance Entertainment (NASDAQ:AENT - Get Free Report) was upgraded by analysts at Zacks Research to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.
AENT has been the topic of a number of other reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Alliance Entertainment in a research note on Wednesday. Wall Street Zen lowered shares of Alliance Entertainment from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th. Noble Financial initiated coverage on shares of Alliance Entertainment in a report on Monday. They issued an "outperform" rating and a $11.00 target price for the company. Industrial Alliance Securities set a $11.00 price target on Alliance Entertainment in a research note on Monday. Finally, Maxim Group started coverage on Alliance Entertainment in a research note on Tuesday, July 1st. They issued a "buy" rating and a $10.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $10.67.
View Our Latest Research Report on AENT
Alliance Entertainment Price Performance
Alliance Entertainment stock opened at $6.84 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.26 and a quick ratio of 0.67. The business has a 50 day simple moving average of $5.94 and a 200-day simple moving average of $4.42. Alliance Entertainment has a 12 month low of $2.21 and a 12 month high of $11.57. The stock has a market capitalization of $348.57 million, a PE ratio of 22.80 and a beta of 0.50.
Alliance Entertainment (NASDAQ:AENT - Get Free Report) last announced its quarterly earnings data on Wednesday, September 10th. The company reported $0.11 EPS for the quarter. Alliance Entertainment had a net margin of 1.42% and a return on equity of 18.35%. The company had revenue of $227.75 million during the quarter.
Institutional Trading of Alliance Entertainment
Several hedge funds and other institutional investors have recently bought and sold shares of AENT. XTX Topco Ltd acquired a new position in Alliance Entertainment in the 2nd quarter valued at $59,000. OMERS ADMINISTRATION Corp increased its stake in Alliance Entertainment by 179.0% in the first quarter. OMERS ADMINISTRATION Corp now owns 27,900 shares of the company's stock valued at $93,000 after purchasing an additional 17,900 shares during the last quarter. Empowered Funds LLC increased its stake in Alliance Entertainment by 9.2% in the first quarter. Empowered Funds LLC now owns 90,880 shares of the company's stock valued at $304,000 after purchasing an additional 7,683 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in Alliance Entertainment by 18.4% during the second quarter. Bridgeway Capital Management LLC now owns 122,075 shares of the company's stock worth $460,000 after buying an additional 18,995 shares during the period. Finally, Clarity Capital Partners LLC boosted its stake in Alliance Entertainment by 43,251.1% in the 1st quarter. Clarity Capital Partners LLC now owns 23,463,801 shares of the company's stock worth $78,604,000 after buying an additional 23,409,676 shares during the last quarter. 0.27% of the stock is owned by hedge funds and other institutional investors.
Alliance Entertainment Company Profile
(
Get Free Report)
Alliance Entertainment Holding Corporation operates as a wholesaler, distributor, and e-commerce provider for the entertainment industry worldwide. It offers vinyl records, video games, digital video discs, blu-rays, toys, compact discs, collectibles, and other entertainment and consumer products. The company also provides third party logistics products and services.
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