Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Up – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $5.21, but opened at $5.45. Falcon’s Beyond Global shares last traded at $5.71, with a volume of 409 shares trading hands.

Falcon’s Beyond Global Trading Down 4.4%

The stock has a market capitalization of $689.24 million, a price-to-earnings ratio of 56.07 and a beta of -1.65. The firm has a 50-day moving average of $6.69 and a 200 day moving average of $7.21.

Falcon’s Beyond Global (NASDAQ:FBYD) last released 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%.

Hedge Funds Weigh In On Falcon’s Beyond Global

Hedge funds have recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC acquired a new position in Falcon’s Beyond Global in the first quarter valued at approximately $90,000. Northern Trust Corp bought a new stake in shares of Falcon’s Beyond Global in the 4th quarter worth approximately $89,000. HighTower Advisors LLC acquired a new position in Falcon’s Beyond Global during the 1st quarter valued at approximately $124,000. Wealth Enhancement Advisory Services LLC grew its stake in Falcon’s Beyond Global by 20.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company’s stock worth $135,000 after buying an additional 2,806 shares during the last quarter. Finally, AllGen Financial Advisors Inc. acquired a new stake in Falcon’s Beyond Global in the first quarter worth $209,000. Institutional investors and hedge funds own 38.88% of the company’s stock.

About Falcon’s Beyond Global

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.