Alliance Entertainment Holding Corporation (NASDAQ:AENT – Get Free Report) was down 1% during trading on Tuesday . The company traded as low as $5.66 and last traded at $5.86. 7,790 shares changed hands during trading, a decline of 52% from the average session volume of 16,169 shares. The stock had previously closed at $5.92.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on AENT shares. Zacks Research upgraded Alliance Entertainment from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Weiss Ratings raised shares of Alliance Entertainment from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alliance Entertainment has a consensus rating of “Hold” and a consensus target price of $10.00.
Check Out Our Latest Stock Analysis on AENT
Alliance Entertainment Trading Down 1.8%
Alliance Entertainment (NASDAQ:AENT – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $258.20 million for the quarter, compared to the consensus estimate of $226.09 million. Alliance Entertainment had a net margin of 2.01% and a return on equity of 19.91%. On average, research analysts expect that Alliance Entertainment Holding Corporation will post 0.35 EPS for the current fiscal year.
Institutional Trading of Alliance Entertainment
Several institutional investors and hedge funds have recently bought and sold shares of AENT. XTX Topco Ltd acquired a new position in Alliance Entertainment during the second quarter valued at $59,000. Kathmere Capital Management LLC purchased a new position in Alliance Entertainment during the first quarter valued at approximately $68,000. Quadrature Capital Ltd acquired a new position in Alliance Entertainment in the fourth quarter valued at approximately $143,000. Jacobs Levy Equity Management Inc. purchased a new stake in Alliance Entertainment in the 3rd quarter worth approximately $193,000. Finally, Apollon Wealth Management LLC grew its stake in shares of Alliance Entertainment by 15.6% during the 1st quarter. Apollon Wealth Management LLC now owns 36,980 shares of the company’s stock worth $242,000 after purchasing an additional 5,000 shares during the period. 0.27% of the stock is currently owned by institutional investors and hedge funds.
About Alliance Entertainment
Alliance Entertainment (NASDAQ: AENT) is a distributor of physical media and related entertainment products, serving retailers, public libraries and online merchants. The company’s core business revolves around the wholesale distribution of music and video titles on CD, DVD and Blu-ray formats, as well as vinyl records, audiobooks, video games and select gift and novelty items. By maintaining a broad catalog of new and catalog titles, Alliance Entertainment enables brick-and-mortar and e-commerce channels to access an extensive range of products from major and independent labels.
In addition to its product offerings, Alliance Entertainment provides supply-chain and logistics services designed to streamline inventory management and order fulfillment.
Read More
- Five stocks we like better than Alliance Entertainment
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
Receive News & Ratings for Alliance Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.
