Assenagon Asset Management S.A. cut its stake in shares of Sphere Entertainment (NYSE:MSGE - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 854,705 shares of the company's stock after selling 44,909 shares during the period. Assenagon Asset Management S.A. owned approximately 1.78% of Sphere Entertainment worth $30,427,000 at the end of the most recent reporting period.
Sphere Entertainment Stock Up 1.0 %
Shares of NYSE MSGE traded up $0.34 during trading on Friday, reaching $35.82. 404,279 shares of the stock were exchanged, compared to its average volume of 399,025. Sphere Entertainment has a twelve month low of $32.40 and a twelve month high of $44.14. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 3.13 and a beta of 0.04. The business's 50-day moving average price is $35.62 and its 200 day moving average price is $38.47.
Sphere Entertainment Profile
(
Free Report)
Sphere Entertainment Co is a premier live entertainment and media company. The Company includes Sphere, a next-generation entertainment medium powered by cutting-edge technologies to redefine the future of entertainment. The first Sphere venue opened in Las Vegas in September 2023. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming.
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