Falcon's Beyond Global (NASDAQ:FBYD) Shares Gap Down - What's Next?

Key Points

• Falcon's Beyond Global's share price opened at $6.47, down from a previous close of $6.79, and was last traded at $6.40, marking a 7.5% decline.
• The company reported a net margin of 18.35% and a negative return on equity of -1.43% in its latest earnings results.
• Institutional investors currently own 38.88% of Falcon's Beyond Global's stock, with multiple firms increasing their positions in the company recently.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $6.79, but opened at $6.47. Falcon's Beyond Global shares last traded at $6.40, with a volume of 374 shares.

Falcon's Beyond Global Price Performance

The stock has a market cap of $813.07 million, a price-to-earnings ratio of 66.14 and a beta of -1.77. The stock has a fifty day moving average of $6.38 and a 200 day moving average of $6.99.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.30 EPS for the quarter. Falcon's Beyond Global had a negative return on equity of 1.43% and a net margin of 18.35%.

Institutional Trading of Falcon's Beyond Global

Several large investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in Falcon's Beyond Global by 20.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock valued at $135,000 after buying an additional 2,806 shares in the last quarter. Geode Capital Management LLC raised its position in Falcon's Beyond Global by 22.8% in the 4th quarter. Geode Capital Management LLC now owns 51,084 shares of the company's stock valued at $397,000 after purchasing an additional 9,499 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Falcon's Beyond Global in the 1st quarter valued at about $90,000. Northern Trust Corp acquired a new stake in Falcon's Beyond Global in the 4th quarter valued at about $89,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Falcon's Beyond Global during the 1st quarter worth about $124,000. 38.88% of the stock is currently owned by hedge funds and other institutional investors.

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.