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

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)'s share price 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 traded.

Falcon's Beyond Global Trading Down 4.7%

The firm's 50-day moving average price is $6.38 and its 200 day moving average price is $6.89. The company has a market cap of $877.88 million, a price-to-earnings ratio of 71.41 and a beta of -1.77.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.13) 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FBYD. HighTower Advisors LLC acquired a new stake in shares of Falcon's Beyond Global in the 1st quarter worth about $124,000. AllGen Financial Advisors Inc. bought a new stake in Falcon's Beyond Global during the 1st quarter worth approximately $209,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Falcon's Beyond Global in the first quarter worth approximately $90,000. Wealth Enhancement Advisory Services LLC raised its stake 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 worth $363,000 after purchasing an additional 24,816 shares during the last quarter. Finally, Northern Trust Corp bought a new position in shares of Falcon's Beyond Global in the fourth quarter valued at approximately $89,000. 38.88% of the stock is owned by institutional investors.

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.