Shares of Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $6.70, but opened at $6.54. Falcon's Beyond Global shares last traded at $6.62, with a volume of 369 shares.
Falcon's Beyond Global Stock Down 7.5%
The business's fifty day moving average is $7.31 and its 200 day moving average is $7.39. The stock has a market cap of $749.72 million, a PE ratio of 62.00 and a beta of -1.65.
Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.13) earnings per share for the quarter.
Hedge Funds Weigh In On Falcon's Beyond Global
A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position 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 purchasing an additional 9,499 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Falcon's Beyond Global by 147.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock worth $363,000 after buying an additional 24,816 shares in the last quarter. AllGen Financial Advisors Inc. acquired a new position in Falcon's Beyond Global in the 1st quarter worth $209,000. HighTower Advisors LLC purchased a new position in Falcon's Beyond Global in the 1st quarter valued at about $124,000. Finally, Northern Trust Corp acquired a new stake in shares of Falcon's Beyond Global during the fourth quarter valued at about $89,000. Hedge funds and other institutional investors own 38.88% of the company's stock.
About Falcon's Beyond Global
(
Get Free Report)
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.
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