Public Employees Retirement System of Ohio Raises Stock Position in Sphere Entertainment Co. $SPHR

Public Employees Retirement System of Ohio raised its position in Sphere Entertainment Co. (NYSE:SPHR) by 63.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 24,151 shares of the company’s stock after acquiring an additional 9,403 shares during the period. Public Employees Retirement System of Ohio’s holdings in Sphere Entertainment were worth $2,835,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Rockefeller Capital Management L.P. increased its holdings in shares of Sphere Entertainment by 19.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 608 shares of the company’s stock worth $58,000 after buying an additional 100 shares during the last quarter. Vision Retirement LLC raised its position in shares of Sphere Entertainment by 38.0% during the 1st quarter. Vision Retirement LLC now owns 483 shares of the company’s stock valued at $57,000 after buying an additional 133 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Sphere Entertainment by 0.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,263 shares of the company’s stock valued at $3,448,000 after acquiring an additional 145 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings 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 acquiring an additional 156 shares during the last quarter. Finally, Putney Financial Group LLC lifted its holdings in Sphere Entertainment by 4.2% in the fourth quarter. Putney Financial Group LLC now owns 4,475 shares of the company’s stock valued at $425,000 after acquiring an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Sphere Entertainment Stock Performance

Shares of SPHR stock opened at $143.44 on Friday. The firm’s 50 day moving average price is $147.77 and its 200-day moving average price is $127.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.22 and a current ratio of 1.22. Sphere Entertainment Co. has a one year low of $37.89 and a one year high of $174.60. The firm has a market cap of $5.09 billion, a P/E ratio of -53.52 and a beta of 1.61.

Sphere Entertainment (NYSE:SPHR) last posted its earnings results on Thursday, July 30th. The company reported ($1.07) earnings per share for the quarter, beating the consensus estimate of ($1.51) by $0.44. Sphere Entertainment had a negative net margin of 6.19% and a negative return on equity of 1.38%. The firm had revenue of $313.64 million during the quarter, compared to the consensus estimate of $307.44 million. During the same quarter last year, the firm earned $3.39 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities research analysts predict that Sphere Entertainment Co. will post -2.54 EPS for the current year.

Trending Headlines about Sphere Entertainment

Here are the key news stories impacting Sphere Entertainment this week:

• Positive Sentiment: Quarterly results exceeded expectations: Sphere Entertainment reported a loss of $1.07 per share, narrower than the $1.51–$1.52 analyst consensus, while revenue of $313.64 million beat estimates of approximately $307.44 million. Revenue increased 10.9% year over year, providing the main catalyst for the stock’s recent increase. Sphere Entertainment Reports Second Quarter 2026 Results
• Positive Sentiment: Analyst remains bullish: JPMorgan lowered its price target modestly from $165 to $164 but maintained an “overweight” rating. The revised target still implies meaningful upside from the stock’s recent trading level, suggesting confidence in Sphere’s long-term growth prospects. JPMorgan price target update
• Positive Sentiment: Expansion opportunity remains intact: The company selected Yas Island in Abu Dhabi as the site for Sphere Abu Dhabi, with completion expected by the end of 2029. A second international venue could expand the company’s revenue base and validate its entertainment-platform strategy. Sphere Abu Dhabi announcement
• Neutral Sentiment: Valuation is mixed: Commentary suggests Sphere looks reasonable when valued on cash flow, but its earnings-based valuation is stretched. This may limit further gains unless the company delivers sustained earnings growth. Sphere Entertainment valuation analysis
• Negative Sentiment: Profitability remains a concern: Despite beating estimates, the company remained unprofitable, compared with positive earnings in the prior-year quarter. Its negative return on equity and elevated earnings multiple leave the stock vulnerable if growth or Sphere attendance disappoints.

Analysts Set New Price Targets

SPHR has been the subject of several recent analyst reports. Guggenheim raised their target price on Sphere Entertainment from $188.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday. Citizens Jmp upped their price target on Sphere Entertainment from $175.00 to $200.00 and gave the company a “market outperform” rating in a research note on Wednesday, June 17th. Weiss Ratings raised Sphere Entertainment from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group increased their price target on Sphere Entertainment from $150.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, BTIG Research reissued a “buy” rating and set a $190.00 price objective on shares of Sphere Entertainment in a research report on Monday, July 27th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.38.

Sphere Entertainment Profile

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.