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Falcon's Beyond Global (NASDAQ:FBYD) Shares Gap Down - Here's What Happened

Falcon's Beyond Global logo with Multi-Sector Conglomerates background

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $6.31, but opened at $5.64. Falcon's Beyond Global shares last traded at $6.01, with a volume of 1,859 shares changing hands.

Falcon's Beyond Global Stock Up 0.6%

The firm has a market cap of $767.24 million, a PE ratio of 62.41 and a beta of -1.77. The firm has a 50-day moving average price of $6.43 and a two-hundred 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) earnings per share for the quarter. Falcon's Beyond Global had a net margin of 18.35% and a negative return on equity of 1.43%.

Hedge Funds Weigh In On Falcon's Beyond Global

Several hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in shares of Falcon's Beyond Global in the first quarter valued at approximately $124,000. AllGen Financial Advisors Inc. acquired a new stake in shares of Falcon's Beyond Global in the first quarter valued at approximately $209,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Falcon's Beyond Global in the first quarter valued at approximately $90,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Falcon's Beyond Global by 147.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company's stock valued at $363,000 after purchasing an additional 24,816 shares during the last quarter. Finally, Northern Trust Corp acquired a new stake in shares of Falcon's Beyond Global in the fourth quarter valued at approximately $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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