Falcon's Beyond Global (NASDAQ:FBYD) Stock Price Down 5.6% - Here's Why

Key Points

• Falcon's Beyond Global (NASDAQ:FBYD) experienced a stock price decline of 5.6%, trading at $7.20 after previously closing at $7.62.
• The company reported a negative earnings per share of ($0.13) for the quarter, alongside a net margin of 18.35% and a PE ratio of 69.39.
• Approximately 38.88% of Falcon's Beyond Global's stock is held by institutional investors, with several firms, including Wealth Enhancement Advisory Services LLC and Geode Capital Management LLC, increasing their holdings recently.

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report) dropped 5.6% during trading on Monday . The company traded as low as $7.44 and last traded at $7.20. Approximately 791 shares traded hands during trading, a decline of 96% from the average daily volume of 20,422 shares. The stock had previously closed at $7.62.

Falcon's Beyond Global Trading Up 0.6%

The stock has a market capitalization of $861.56 million, a P/E ratio of 70.09 and a beta of -1.77. The business has a 50-day moving average price of $6.39 and a 200 day moving average price of $6.91.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.13) earnings per share (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 institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC bought a new stake in Falcon's Beyond Global in the first quarter worth $124,000. AllGen Financial Advisors Inc. bought a new stake in Falcon's Beyond Global in the first quarter worth $209,000. Cassaday & Co Wealth Management LLC bought a new stake in Falcon's Beyond Global in the first quarter worth $90,000. Wealth Enhancement Advisory Services LLC lifted its position in 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 buying an additional 24,816 shares during the last quarter. Finally, Northern Trust Corp bought a new stake in Falcon's Beyond Global in the fourth quarter worth $89,000. 38.88% of the stock is currently 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.