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

Key Points

• Falcon's Beyond Global (NASDAQ:FBYD) shares experienced a gap up, opening at $7.68, compared to a previous close of $7.23.
• The company has a market capitalization of $879.71 million and reported a net margin of 18.35% with earnings per share of ($0.13) for the last quarter.
• Institutional ownership is notable, with 38.88% of the stock held by hedge funds and institutional investors, including significant increases from Wealth Enhancement Advisory Services and Geode Capital Management.
• Falcon's Beyond Global specializes in experiential entertainment, combining physical and digital experiences through various channels, including theme parks and gaming.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $7.23, but opened at $7.68. Falcon's Beyond Global shares last traded at $7.28, with a volume of 626 shares trading hands.

Falcon's Beyond Global Stock Performance

The stock has a 50 day simple moving average of $6.38 and a two-hundred day simple moving average of $6.89. The firm has a market cap of $898.44 million, a PE ratio of 73.67 and a beta of -1.77.

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. Falcon's Beyond Global had a negative return on equity of 1.43% and a net margin of 18.35%.

Hedge Funds Weigh In On Falcon's Beyond Global

Large investors have recently bought and sold shares of the business. Northern Trust Corp acquired a new position in shares of Falcon's Beyond Global during the fourth quarter valued at approximately $89,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Falcon's Beyond Global during the first quarter valued at approximately $90,000. HighTower Advisors LLC acquired a new position in shares of Falcon's Beyond Global during the first quarter valued at approximately $124,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Falcon's Beyond Global by 20.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock valued at $135,000 after acquiring an additional 2,806 shares during the last quarter. Finally, AllGen Financial Advisors Inc. acquired a new position in shares of Falcon's Beyond Global during the first quarter valued at approximately $209,000. 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.