1 week ago - investorplace.com

Sphere Entertainment (NYSE: SPHR ) stock investors are excited on Wednesday after billionaire Steve Cohen took a large stake in the live entertainment event company's shares. Steve Cohen's Point72 Asset Management, L.P.

2 weeks ago - prnewswire.com

Fourth Of July Show And "XO Stream" To Be Presented By Verizon PRE-SHOW PROGRAMMING TO HONOR LAS VEGAS-BASED STUDENT   ARTISTS LAS VEGAS , June 20, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) announced today that Sphere will celebrate the one-year anniversary of the Exosphere's first illumination on July 4 th with an all-new Exosphere content and audio experience – the "Sphere Fourth of July Celebration" presented by Verizon. The Sphere Fourth of July Celebration will also mark the launch of two new features of the Exosphere experience moving forward: "XO Stream" presented by Verizon – an official livestream of the Exosphere that will be available 24/7 on thesphere.com, and "XO Audio" – custom audio synced to content on the Exosphere that will be audible both onsite within Sphere's property and online via "XO Stream.

3 weeks ago - prnewswire.com

BURBANK, Calif. , June 13, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) today announced that Carolyn Blackwood, a respected leader with more than 25 years of experience in the media and entertainment industry, has joined the Company as Head of Sphere Studios – the immersive content studio dedicated to developing multi-sensory entertainment experiences exclusively for Sphere, a next-generation entertainment medium that opened its first venue in Las Vegas in September 2023.

3 weeks ago - prnewswire.com

LAS VEGAS , June 12, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) today announced that Jennifer Koester's role at the Company has been expanded to President and Chief Operating Officer of Sphere. Ms. Koester most recently served as the Company's President, Sphere Business Operations, where she has played a critical role in leading the strategy and execution of all business aspects of Sphere, a next-generation entertainment medium in Las Vegas.

1 month ago - prnewswire.com

VOTING PUBLIC WILL SELECT FOUR LAS VEGAS-BASED STUDENT WINNERS  TO HAVE THEIR ART DISPLAYED ON THE VENUE'S EXTERIOR LAS VEGAS , May 22, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) announced today that public voting is now open in the Sphere XO Student Design Challenge. This marks two noteworthy firsts for the venue – both the first time the general public will have a say in what appears on the Exosphere, and the first time members of the general public have created art for the exterior of the venue, which, as part of the Challenge, is inspired by the 4th of July.

1 month ago - https://www.defenseworld.net

National Bank of Canada FI bought a new position in shares of Sphere Entertainment Co. (NYSE:SPHR – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,367 shares of the company’s stock, valued at approximately $46,000. Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Victory Capital Management Inc. increased its position in shares of Sphere Entertainment by 2.2% during the fourth quarter. Victory Capital Management Inc. now owns 20,851 shares of the company’s stock worth $708,000 after acquiring an additional 457 shares in the last quarter. Carnegie Capital Asset Management LLC bought a new stake in shares of Sphere Entertainment during the fourth quarter worth about $4,734,000. Mirae Asset Global Investments Co. Ltd. grew its position in Sphere Entertainment by 22.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,969 shares of the company’s stock worth $474,000 after purchasing an additional 2,566 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in Sphere Entertainment in the 4th quarter valued at about $337,000. Finally, Washington Trust Advisors Inc. purchased a new stake in Sphere Entertainment in the 4th quarter valued at about $6,291,000. 92.03% of the stock is owned by institutional investors. Wall Street Analyst Weigh In Several equities research analysts have commented on the stock. Seaport Res Ptn lowered shares of Sphere Entertainment from a “buy” rating to a “neutral” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. raised their price target on shares of Sphere Entertainment from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Finally, Bank of America initiated coverage on shares of Sphere Entertainment in a research note on Wednesday, February 7th. They set a “neutral” rating and a $43.00 price target for the company. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.60. Check Out Our Latest Analysis on Sphere Entertainment Sphere Entertainment Price Performance Shares of NYSE:SPHR opened at $36.04 on Monday. The stock has a market cap of $1.27 billion, a PE ratio of 3.31 and a beta of 1.46. The company’s fifty day moving average is $43.22 and its 200 day moving average is $38.58. Sphere Entertainment Co. has a 52 week low of $22.82 and a 52 week high of $51.83. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 0.21. Sphere Entertainment (NYSE:SPHR – Get Free Report) last issued its earnings results on Friday, May 10th. The company reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.98). Sphere Entertainment had a return on equity of 8.11% and a net margin of 43.36%. The business had revenue of $321.33 million during the quarter, compared to analysts’ expectations of $324.65 million. During the same quarter in the previous year, the business earned ($1.08) EPS. Sphere Entertainment’s revenue for the quarter was up 98.3% compared to the same quarter last year. Research analysts anticipate that Sphere Entertainment Co. will post -4.73 earnings per share for the current year. Insider Buying and Selling at Sphere Entertainment In related news, CEO James Lawrence Dolan bought 76,139 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of $40.73 per share, with a total value of $3,101,141.47. Following the purchase, the chief executive officer now owns 520,039 shares of the company’s stock, valued at approximately $21,181,188.47. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In other Sphere Entertainment news, CEO Andrea Greenberg sold 12,131 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $51.00, for a total transaction of $618,681.00. Following the completion of the sale, the chief executive officer now directly owns 76,650 shares in the company, valued at approximately $3,909,150. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James Lawrence Dolan purchased 76,139 shares of the stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $40.73 per share, for a total transaction of $3,101,141.47. Following the completion of the acquisition, the chief executive officer now owns 520,039 shares of the company’s stock, valued at $21,181,188.47. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 245,669 shares of company stock worth $10,706,120. 24.46% of the stock is currently owned by company insiders. Sphere Entertainment Company Profile (Free Report) Sphere Entertainment Co engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. Read More Five stocks we like better than Sphere Entertainment What Does a Stock Split Mean? 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1 month ago - prnewswire.com

Acquisition Expands Sphere Entertainment's Capabilities And Enables Further Innovation Across Immersive Experiences And 3D Audio Technology NEW YORK and BERLIN , May 13, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment") today announced that it has acquired all of the remaining shares it did not previously own of HOLOPLOT GmbH ("HOLOPLOT"), a global leader in 3D audio technology. Sphere Entertainment made its first investment into HOLOPLOT in 2018 when the two companies partnered to develop Sphere Immersive Sound, powered by HOLOPLOT, which revolutionized the live audio experience when Sphere opened in Las Vegas in September 2023.

1 month ago - seekingalpha.com

Sphere Entertainment Co. (NYSE:SPHR ) Q3 2024 Earnings Conference Call May 10, 2024 10:00 AM ET Company Participants Ari Danes - Investor Relations James Dolan - Executive Chairman and Chief Executive Officer David Byrnes - Executive Vice President, Chief Financial Officer and Treasurer Andrea Greenberg - President and Chief Executive Officer, MSG Networks Conference Call Participants Brandon Ross - LightShed Peter Henderson - Bank of America Benjamin Swinburne - Morgan Stanley David Karnovsky - JPMorgan Logan Angress - Wolfe Research David Joyce - Seaport Global Paul Golding - Macquarie Capital Operator Hello and thank you for standing by. My name is Regina and I will be your conference operator today.

1 month ago - zacks.com

Sphere Entertainment (SPHR) came out with a quarterly loss of $1.33 per share versus the Zacks Consensus Estimate of a loss of $0.35. This compares to loss of $1.08 per share a year ago.

1 month ago - prnewswire.com

NEW YORK , May 10, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment" or the "Company") today reported financial results for the fiscal third quarter ended March 31, 2024. Recent Sphere highlights include: The conclusion of U2's sold-out 40-show run in March and Phish's sold-out 4-night run in April; Dead & Co.'s extension of its upcoming residency from 18 to 24 shows due to strong ticket demand; The Sphere Experience featuring Postcard from Earth, generated over one million dollars in average daily ticket sales on the days it ran during the fiscal third quarter; Sphere's Exosphere featured campaigns from numerous global brands during the quarter, and generated a record-setting week of advertising revenue around the Super Bowl in February; and Sphere announced that in June it will host both its first corporate keynote event with Hewlett Packard Enterprise, as well as this year's NHL Draft.

1 month ago - zacks.com

Sphere Entertainment (SPHR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

2 months ago - prnewswire.com

NEW YORK , May 3, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss results for its fiscal third quarter ended March 31, 2024 on Friday, May 10, 2024 at 10:00 a.m. Eastern Time.

2 months ago - zacks.com

Sphere Entertainment (SPHR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - marketwatch.com

Sphere Entertainment Co. was downgraded from buy to neutral by Seaport Research Partners Monday, pointing to a “potentially softer” next couple of quarters for the Las Vegas entertainment venue.

2 months ago - marketbeat.com

Insider buying is good. It shows management's confidence in a business, helping to support investor sentiment, and no insider is more significant than the CEO.

2 months ago - marketbeat.com

Insider buying is good. It shows management's confidence in a business, helping to support investor sentiment, and no insider is more significant than the CEO.

3 months ago - prnewswire.com

Keynote Address From Hewlett Packard Enterprise President and CEO Will Take Place During  HPE Discover 2024 in June LAS VEGAS , March 20, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) today announced that Sphere will host its first keynote event, showcasing how the next-generation venue can leverage its full technical capabilities and unique offerings to create an experience for global brands unlike anything anywhere else in the world. The keynote address from Hewlett Packard Enterprise (HPE) President and Chief Executive Officer, Antonio Neri, will take place at the venue on June 18 as part of HPE Discover 2024.

3 months ago - prnewswire.com

Challenge Open Exclusively to More Than 100,000 Students Ranging from Elementary School through College from the Clark County School District and UNLV Eight Clark County-Based Student Winners Will be Chosen Through a Combination of  General Public Voting and Selection by Professional Artists including Refik Anadol and Michela Picchi LAS VEGAS , March 14, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) today announced the inaugural Sphere XO Student Design Challenge – a first-of-its-kind partnership with the greater Las Vegas community that for the very first time, gives select members of the general public the opportunity to see their art featured on the Exosphere. The Sphere XO Student Design Challenge is a collaboration between Sphere and the Clark County School District (CCSD) and University of Nevada, Las Vegas (UNLV) that will provide more than 100,000 Clark County-based students with an unprecedented opportunity to create art for the Exosphere.

3 months ago - fool.com

Netflix continues to lead the streaming space, turning a corner to profitability while also exploring new growth avenues. Sphere Entertainment is turning heads with its innovative Vegas venue, The Sphere, and ambitious expansion ideas.

3 months ago - 247wallst.com

In the wake of a media giant's quarterly report, the Oracle of Omaha is again bolstering his stake in the tracking stocks with some huge insider purchases.

4 months ago - finbold.com

Following its separation from Madison Square Garden Entertainment Corp (NYSE: MSGE) in April 2023, Sphere Entertainment (NYSE: SPHR) appears to be thriving, with its stock surging by over 50% since the beginning of 2024.

4 months ago - prnewswire.com

Hitachi Vantara helps stream immersive content on Sphere's  160,000 square-foot interior LED display and 580,000 square-foot Exosphere Hitachi Vantara's software technology processes Sphere's original content with  speed and reliability LAS VEGAS and SANTA CLARA, Calif., March 7, 2024 /PRNewswire/ -- Sphere Entertainment Co. (NYSE: SPHR) and Hitachi Vantara, the data storage, infrastructure and hybrid cloud management subsidiary of Hitachi, Ltd.

4 months ago - fool.com

The Sphere at Las Vegas was profitable in its first quarter of operations. The company has several levers to expand revenue and profits from the new-age venue.

4 months ago - 247wallst.com

A leading offshore driller and a delivery services provider that is turning around saw the most notable insider purchases in the final week of February.