Falcon's Beyond Global (NASDAQ:FBYD) Sees Strong Trading Volume - Here's What Happened

Key Points

• Falcon's Beyond Global (NASDAQ:FBYD) experienced a large volume increase with approximately 6,028 shares traded, down 26% from the previous session's volume of 8,185 shares.
• The stock is currently priced at $6.17, a drop from its previous close of $6.78, while the company has a market capitalization of $785.98 million.
• Several hedge funds have recently increased their stakes in Falcon's Beyond, indicating strong institutional interest, with 38.88% of the stock owned by institutional investors.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 6,028 shares changed hands during trading, a decline of 26% from the previous session's volume of 8,185 shares.The stock last traded at $6.17 and had previously closed at $6.78.

Falcon's Beyond Global Stock Performance

The company has a market cap of $802.92 million, a PE ratio of 16.88 and a beta of -1.77. The stock's 50-day simple moving average is $6.38 and its 200 day simple moving average is $7.03.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter. Falcon's Beyond Global had a net margin of 146.55% and a negative return on equity of 60.87%. The firm had revenue of $2.55 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its position in Falcon's Beyond Global by 147.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock worth $363,000 after acquiring an additional 24,816 shares during the last quarter. Northern Trust Corp acquired a new stake in shares of Falcon's Beyond Global during the 4th quarter worth about $89,000. Geode Capital Management LLC grew its holdings in shares of Falcon's Beyond Global by 22.8% during the fourth quarter. Geode Capital Management LLC now owns 51,084 shares of the company's stock worth $397,000 after buying an additional 9,499 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Falcon's Beyond Global in the first quarter valued at approximately $90,000. Finally, HighTower Advisors LLC purchased a new position in shares of Falcon's Beyond Global during the first quarter valued at approximately $124,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

About Falcon's Beyond Global

Falcon's Beyond Global, Inc is an experiential entertainment development enterprise. It connects the world by bringing stories to life through theme parks, resorts, animation, consumer products, gaming, and movies. The company propels intellectual property activations concurrently across physical and digital experiences through three core business units.