Falcon's Beyond Global (NASDAQ:FBYD) Stock Price Down 7.7% - Here's What Happened

Key Points

• Falcon's Beyond Global (NASDAQ:FBYD) experienced a 7.7% drop in stock price, trading as low as $14.55 on Tuesday and closing at $13.70.
• The company reported a net margin of 146.55% with a negative return on equity of 82.54% for the latest quarter, indicating financial challenges despite a positive EPS of $0.30.
• Institutional investors currently hold 38.88% of Falcon's Beyond Global's stock, with significant increases in holdings from Wealth Enhancement Advisory Services LLC and other hedge funds during the past quarter.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) traded down 7.7% on Tuesday . The stock traded as low as $14.55 and last traded at $13.70. 1,212 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 25,356 shares. The stock had previously closed at $14.84.

Falcon's Beyond Global Price Performance

The company has a market capitalization of $1.66 billion, a P/E ratio of 34.89 and a beta of -1.77. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 32.66. The business has a 50 day simple moving average of $7.90 and a 200-day simple moving average of $7.40.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.30 EPS for the quarter. The business had revenue of $2.55 million during the quarter. Falcon's Beyond Global had a net margin of 146.55% and a negative return on equity of 82.54%.

Hedge Funds Weigh In On Falcon's Beyond Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew 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 during the 1st quarter worth $209,000. HighTower Advisors LLC bought a new position in shares of Falcon's Beyond Global in the first quarter worth $124,000. Northern Trust Corp acquired a new position in shares of Falcon's Beyond Global during the fourth quarter valued at $89,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of Falcon's Beyond Global during the first quarter valued at about $90,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.