North Star Investment Management Corp. Sells 28,310 Shares of Sphere Entertainment Co. $SPHR

Posted by George Bondi on Jun 29th, 2026

North Star Investment Management Corp. lessened its holdings in Sphere Entertainment Co. (NYSE:SPHR – Free Report) by 26.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 77,780 shares of the company’s stock after selling 28,310 shares during the period. North Star Investment Management Corp. owned 0.22% of Sphere Entertainment worth $9,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SPHR. Legato Capital Management LLC bought a new stake in Sphere Entertainment during the 3rd quarter valued at approximately $661,000. Stratos Wealth Partners LTD. lifted its holdings in Sphere Entertainment by 141.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 27,947 shares of the company’s stock worth $2,657,000 after purchasing an additional 16,351 shares in the last quarter. Kelleher Financial Advisors bought a new position in Sphere Entertainment in the 4th quarter worth approximately $389,000. Pinnbrook Capital Management LP bought a new position in Sphere Entertainment in the 3rd quarter worth approximately $3,045,000. Finally, Citigroup Inc. grew its holdings in Sphere Entertainment by 94.0% during the 3rd quarter. Citigroup Inc. now owns 50,592 shares of the company’s stock valued at $3,143,000 after buying an additional 24,520 shares in the last quarter. 92.03% of the stock is owned by institutional investors.

Sphere Entertainment Stock Down 0.1%

Shares of SPHR opened at $169.69 on Monday. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 95.33 and a beta of 1.65. Sphere Entertainment Co. has a 1 year low of $37.89 and a 1 year high of $171.47. The business’s 50 day simple moving average is $140.49 and its 200-day simple moving average is $117.41. 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 (NYSE:SPHR – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.27. Sphere Entertainment had a negative return on equity of 5.07% and a net margin of 8.05%.The firm had revenue of $386.41 million during the quarter, compared to the consensus estimate of $313.41 million. During the same period in the prior year, the company earned ($2.27) EPS. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. As a group, equities analysts expect that Sphere Entertainment Co. will post -2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SPHR has been the topic of several recent analyst reports. Benchmark lifted their price objective on shares of Sphere Entertainment from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Citigroup restated a “market outperform” rating on shares of Sphere Entertainment in a research report on Wednesday, June 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $170.00 target price on shares of Sphere Entertainment in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of Sphere Entertainment from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Sphere Entertainment from $143.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Sphere Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.15.

Read Our Latest Stock Analysis on SPHR

About Sphere Entertainment

(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.