Stratos Wealth Partners LTD. Acquires 16,351 Shares of Sphere Entertainment Co. $SPHR

Key Points

• Stratos Wealth Partners LTD increased its stake in Sphere Entertainment (NYSE:SPHR) by 141.0% in Q4, buying 16,351 shares to hold 27,947 shares worth about $2.66 million (≈0.08% of the company); institutional ownership is ~92.03%.
• Analysts have a consensus of Moderate Buy (nine Buys, two Holds, one Sell) with an average price target of $110.46, and several firms recently raised ratings or targets (e.g., Guggenheim to $160, Seaport to strong-buy).
• Sphere beat Q4 expectations—EPS $1.23 vs. ($0.12) expected and revenue $394.3M (+27.9% y/y)—but still shows a negative trailing PE and analysts project about -11.47 EPS for the fiscal year; shares are trading near their 52‑week high (~$126).

Stratos Wealth Partners LTD. boosted its holdings in Sphere Entertainment Co. (NYSE:SPHR - Free Report) by 141.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,947 shares of the company's stock after purchasing an additional 16,351 shares during the quarter. Stratos Wealth Partners LTD. owned about 0.08% of Sphere Entertainment worth $2,657,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in Sphere Entertainment in the third quarter worth approximately $30,000. ORG Partners LLC increased its holdings in Sphere Entertainment by 80.1% in the third quarter. ORG Partners LLC now owns 661 shares of the company's stock worth $41,000 after purchasing an additional 294 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Sphere Entertainment by 576.6% in the third quarter. NewEdge Advisors LLC now owns 927 shares of the company's stock worth $58,000 after purchasing an additional 790 shares in the last quarter. Quarry LP increased its holdings in Sphere Entertainment by 1,614.0% in the third quarter. Quarry LP now owns 977 shares of the company's stock worth $61,000 after purchasing an additional 920 shares in the last quarter. Finally, Chesapeake Asset Management LLC bought a new stake in Sphere Entertainment in the third quarter worth approximately $75,000. 92.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SPHR has been the subject of a number of research analyst reports. Seaport Research Partners upgraded Sphere Entertainment from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 8th. Guggenheim lifted their target price on Sphere Entertainment from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, April 2nd. Bank of America lifted their target price on Sphere Entertainment from $48.00 to $95.00 and gave the stock a "neutral" rating in a report on Friday, December 19th. Weiss Ratings reissued a "sell (d-)" rating on shares of Sphere Entertainment in a research note on Wednesday, January 21st. Finally, Wolfe Research reissued an "outperform" rating and issued a $105.00 price objective on shares of Sphere Entertainment in a research note on Monday, December 15th. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $110.46.

Sphere Entertainment Trading Down 0.8%

Shares of Sphere Entertainment stock opened at $126.20 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.09 and a current ratio of 1.09. Sphere Entertainment Co. has a 52 week low of $23.89 and a 52 week high of $130.33. The stock has a 50 day moving average price of $109.48 and a two-hundred day moving average price of $89.54. The stock has a market capitalization of $4.48 billion, a PE ratio of -280.44 and a beta of 1.67.

Sphere Entertainment (NYSE:SPHR - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.23 EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $1.35. Sphere Entertainment had a negative return on equity of 8.84% and a net margin of 2.16%.The firm had revenue of $394.28 million during the quarter, compared to analysts' expectations of $377.60 million. During the same quarter last year, the firm posted ($3.49) earnings per share. The company's revenue for the quarter was up 27.9% compared to the same quarter last year. As a group, equities analysts anticipate that Sphere Entertainment Co. will post -11.47 earnings per share for the current fiscal year.

Sphere Entertainment Company Profile

Sphere Entertainment Co NYSE: SPHR is a publicly traded company focused on the development and operation of large-scale immersive entertainment venues. Established as a standalone entity in early 2023 following its separation from Madison Square Garden Entertainment, Sphere leverages cutting-edge audiovisual technologies to create next-generation concert, film and cultural experiences. The company’s flagship venue in Las Vegas showcases its core capabilities, while additional projects are in various stages of development around the world.

At the Las Vegas Sphere, Sphere Entertainment has installed one of the largest LED display surfaces on the planet, wrapping audiences in 16K resolution imagery and spatial audio powered by proprietary sound systems.

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