Falcon's Beyond Global (NASDAQ:FBYD) Trading Up 7.8% - Here's What Happened

Key Points

• Falcon's Beyond Global (NASDAQ:FBYD) experienced a significant increase in its stock price, rising 7.8% to close at $10.67, with trading volume up 141% from the average.
• The company reported quarterly earnings of $0.30 per share with revenue of $2.55 million, though it had a negative return on equity of 82.54%.
• Institutional investors hold 38.88% of the company's shares, with notable contributions from firms such as HighTower Advisors LLC and AllGen Financial Advisors Inc..

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) was up 7.8% during mid-day trading on Monday . The company traded as high as $10.50 and last traded at $10.67. Approximately 45,907 shares traded hands during trading, an increase of 141% from the average daily volume of 19,041 shares. The stock had previously closed at $9.90.

Falcon's Beyond Global Trading Up 11.3%

The business has a 50 day simple moving average of $7.72 and a 200-day simple moving average of $7.37. The company has a debt-to-equity ratio of 32.66, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $1.81 billion, a P/E ratio of 38.11 and a beta of -1.77.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last announced 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 82.54% and a net margin of 146.55%.The company had revenue of $2.55 million during the quarter.

Institutional Trading of Falcon's Beyond Global

Hedge funds have recently modified their holdings of the business. Northern Trust Corp purchased a new stake in shares of Falcon's Beyond Global during the fourth quarter worth $89,000. 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 worth $135,000 after acquiring an additional 2,806 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Falcon's Beyond Global during the first quarter worth $90,000. AllGen Financial Advisors Inc. purchased a new stake in shares of Falcon's Beyond Global during the first quarter worth $209,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Falcon's Beyond Global during the first quarter worth $124,000. Hedge funds and other institutional investors 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.