Systematic Financial Management LP Decreases Holdings in Sphere Entertainment Co. $SPHR

Posted by Brenda Bartman on Jul 24th, 2026

Systematic Financial Management LP reduced its holdings in shares of Sphere Entertainment Co. (NYSE:SPHR – Free Report) by 2.9% in the 1st quarter, HoldingsChannel reports. The fund owned 297,491 shares of the company’s stock after selling 8,943 shares during the quarter. Systematic Financial Management LP’s holdings in Sphere Entertainment were worth $34,926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hollencrest Capital Management purchased a new stake in Sphere Entertainment during the fourth quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd increased its stake in Sphere Entertainment by 53.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 450 shares of the company’s stock valued at $43,000 after purchasing an additional 156 shares during the last quarter. Parallel Advisors LLC raised its holdings in Sphere Entertainment by 275.0% during the first quarter. Parallel Advisors LLC now owns 465 shares of the company’s stock worth $55,000 after purchasing an additional 341 shares in the last quarter. Vision Retirement LLC raised its holdings in Sphere Entertainment by 38.0% during the first quarter. Vision Retirement LLC now owns 483 shares of the company’s stock worth $57,000 after purchasing an additional 133 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Sphere Entertainment during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Sphere Entertainment Stock Down 3.2%

SPHR stock opened at $133.82 on Friday. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 75.18 and a beta of 1.61. The company has a fifty day moving average price of $146.75 and a 200 day moving average price of $125.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.22 and a quick ratio of 1.22. Sphere Entertainment Co. has a 12 month low of $37.89 and a 12 month high of $174.60.

Sphere Entertainment (NYSE:SPHR – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.27. The company had revenue of $386.41 million for the quarter, compared to the consensus estimate of $313.41 million. Sphere Entertainment had a net margin of 8.05% and a negative return on equity of 5.07%. Sphere Entertainment’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period last year, the firm posted ($2.27) EPS. Sell-side analysts expect that Sphere Entertainment Co. will post -2.44 earnings per share for the current year.

Analysts Set New Price Targets

SPHR has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Sphere Entertainment from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Tuesday. BTIG Research restated a “buy” rating and issued a $190.00 price objective on shares of Sphere Entertainment in a research note on Tuesday, May 19th. Susquehanna lifted their target price on Sphere Entertainment from $159.00 to $182.00 and gave the stock a “positive” rating in a research report on Thursday, June 18th. Benchmark boosted their target price on Sphere Entertainment from $155.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Finally, Guggenheim raised their price target on Sphere Entertainment from $175.00 to $188.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.08.

Read Our Latest Report on Sphere Entertainment

Sphere Entertainment Profile

(Free Report)

Sphere Entertainment Co (NYSE: SPHR) is a publicly traded company focused on the development and operation of large-scale immersive entertainment venues. Established as a standalone entity in early 2023 following its separation from Madison Square Garden Entertainment, Sphere leverages cutting-edge audiovisual technologies to create next-generation concert, film and cultural experiences. The company’s flagship venue in Las Vegas showcases its core capabilities, while additional projects are in various stages of development around the world.

At the Las Vegas Sphere, Sphere Entertainment has installed one of the largest LED display surfaces on the planet, wrapping audiences in 16K resolution imagery and spatial audio powered by proprietary sound systems.