Clarity Capital Partners LLC Acquires 12,200 Shares of Alliance Entertainment Holding Corporation $AENT

Clarity Capital Partners LLC raised its holdings in Alliance Entertainment Holding Corporation (NASDAQ:AENT) by 0.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,476,001 shares of the company’s stock after purchasing an additional 12,200 shares during the period. Alliance Entertainment comprises approximately 31.6% of Clarity Capital Partners LLC’s holdings, making the stock its largest holding. Clarity Capital Partners LLC owned about 0.46% of Alliance Entertainment worth $88,505,000 as of its most recent SEC filing.

Separately, OMERS ADMINISTRATION Corp raised its position in shares of Alliance Entertainment by 179.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 27,900 shares of the company’s stock valued at $93,000 after purchasing an additional 17,900 shares in the last quarter. 0.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AENT has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alliance Entertainment in a research report on Saturday, September 27th. Maxim Group initiated coverage on Alliance Entertainment in a research report on Tuesday, July 1st. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Wall Street Zen lowered Alliance Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $10.00.

Alliance Entertainment Stock Performance

AENT stock opened at $6.73 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.67 and a debt-to-equity ratio of 0.65. The firm has a market cap of $342.94 million, a P/E ratio of 22.43 and a beta of 0.50. Alliance Entertainment Holding Corporation has a 12-month low of $2.21 and a 12-month high of $11.57. The stock’s 50 day simple moving average is $5.85 and its 200 day simple moving average is $4.36.

Alliance Entertainment (NASDAQ:AENT) last posted its quarterly earnings results on Wednesday, September 10th. The company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $227.75 million for the quarter. Alliance Entertainment had a return on equity of 18.35% and a net margin of 1.42%.

Alliance Entertainment Profile

Alliance Entertainment Holding Corporation operates as a wholesaler, distributor, and e-commerce provider for the entertainment industry worldwide. It offers vinyl records, video games, digital video discs, blu-rays, toys, compact discs, collectibles, and other entertainment and consumer products. The company also provides third party logistics products and services.