HighTower Advisors LLC Invests $124,000 in Falcon’s Beyond Global, Inc. $FBYD

HighTower Advisors LLC purchased a new position in shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,266 shares of the company’s stock, valued at approximately $124,000.

Other large investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Falcon’s Beyond Global by 147.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,657 shares of the company’s stock valued at $363,000 after acquiring an additional 24,816 shares during the last quarter. Northern Trust Corp bought a new position in shares of Falcon’s Beyond Global during the fourth quarter valued at $89,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Falcon’s Beyond Global during the first quarter valued at $90,000. Finally, AllGen Financial Advisors Inc. bought a new position in shares of Falcon’s Beyond Global during the first quarter valued at $209,000. Institutional investors own 38.88% of the company’s stock.

Falcon’s Beyond Global Price Performance

FBYD stock opened at $6.39 on Friday. The company has a fifty day moving average price of $6.75 and a 200-day moving average price of $7.13. The company has a market capitalization of $773.51 million, a P/E ratio of 16.25 and a beta of -1.77. Falcon’s Beyond Global, Inc. has a 52-week low of $3.62 and a 52-week high of $13.25. The company has a debt-to-equity ratio of 32.66, a quick ratio of 0.51 and a current ratio of 0.51.

Falcon’s Beyond Global (NASDAQ:FBYD) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter. The firm had revenue of $2.55 million during the quarter. Falcon’s Beyond Global had a net margin of 146.55% and a negative return on equity of 82.54%.

Falcon’s Beyond Global 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.