Alliance Entertainment (NASDAQ:AENT) Lowered to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Alliance Entertainment (NASDAQ:AENT) from a hold rating to a strong sell rating in a research report released on Tuesday morning,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Maxim Group set a $8.00 target price on shares of Alliance Entertainment in a research report on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Alliance Entertainment in a research report on Wednesday, January 21st. Finally, Wall Street Zen cut Alliance Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Saturday, February 14th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.00.

Alliance Entertainment Trading Down 4.1%

Shares of NASDAQ AENT opened at $4.62 on Tuesday. Alliance Entertainment has a twelve month low of $2.21 and a twelve month high of $8.80. The company has a quick ratio of 0.79, a current ratio of 1.35 and a debt-to-equity ratio of 0.72. The stock has a market cap of $235.44 million, a price-to-earnings ratio of 10.74 and a beta of 0.46. The company’s fifty day moving average is $7.34 and its 200-day moving average is $6.63.

Alliance Entertainment (NASDAQ:AENT) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.13). Alliance Entertainment had a net margin of 2.06% and a return on equity of 20.53%. The firm had revenue of $368.71 million during the quarter, compared to analyst estimates of $427.38 million.

Hedge Funds Weigh In On Alliance Entertainment

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC raised its holdings in Alliance Entertainment by 10.3% during the fourth quarter. Empowered Funds LLC now owns 123,727 shares of the company’s stock worth $1,000,000 after buying an additional 11,562 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Alliance Entertainment during the 4th quarter valued at about $143,000. Bridgeway Capital Management LLC increased its holdings in Alliance Entertainment by 8.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 145,927 shares of the company’s stock worth $1,179,000 after purchasing an additional 11,562 shares in the last quarter. Rothschild Wealth LLC bought a new stake in Alliance Entertainment during the 4th quarter worth approximately $525,000. Finally, Marshall Wace LLP purchased a new stake in shares of Alliance Entertainment in the fourth quarter worth approximately $422,000. 0.27% of the stock is currently owned by institutional investors.

Alliance Entertainment Company Profile

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.