Falcon's Beyond Global (NASDAQ:FBYD) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Falcon's Beyond Global (NASDAQ:FBYD) experienced a 44% increase in trading volume on Tuesday, with 12,968 shares traded, as the stock price declined from $7.25 to $7.10.
• The company reported a net margin of 18.35% and a negative return on equity of 1.43%, with a recent earnings per share (EPS) of ($0.13).
• Institutional investors own 38.88% of Falcon's shares, with several hedge funds significantly increasing their holdings during the fourth quarter.

Shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 12,968 shares were traded during mid-day trading, an increase of 44% from the previous session's volume of 9,030 shares.The stock last traded at $7.10 and had previously closed at $7.25.

Falcon's Beyond Global Stock Up 6.4%

The company has a market capitalization of $800.49 million, a P/E ratio of 65.12 and a beta of -1.77. The business has a fifty day moving average price of $6.41 and a 200 day moving average price of $6.96.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($0.13) EPS for the quarter. Falcon's Beyond Global had a net margin of 18.35% and a negative return on equity of 1.43%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FBYD. Wealth Enhancement Advisory Services LLC lifted its position in Falcon's Beyond Global by 20.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock worth $135,000 after buying an additional 2,806 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Falcon's Beyond Global by 22.8% in the fourth quarter. Geode Capital Management LLC now owns 51,084 shares of the company's stock valued at $397,000 after acquiring an additional 9,499 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Falcon's Beyond Global during the first quarter worth about $90,000. Northern Trust Corp acquired a new position in Falcon's Beyond Global during the fourth quarter valued at approximately $89,000. Finally, HighTower Advisors LLC acquired a new position in Falcon's Beyond Global during the first quarter valued at approximately $124,000. Institutional investors and hedge funds own 38.88% of the company's stock.

Falcon's Beyond Global Company Profile

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.