Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Sphere Entertainment Co. (NYSE:SPHR)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Sphere Entertainment Co. (NYSE:SPHR). In a filing disclosed on May 06th, the Representative disclosed that they had bought between $15,001 and $50,000 in Sphere Entertainment stock on April 4th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > WELLS FARGO ADVISORS” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Beiersdorf Aktiengesellschaft (OTCMKTS:BDRFF) on 5/2/2025.
• Purchased $1,001 – $15,000 in shares of Alkami Technology (NASDAQ:ALKT) on 4/30/2025.
• Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 4/29/2025.
• Sold $1,001 – $15,000 in shares of DXC Technology (NYSE:DXC) on 4/29/2025.
• Sold $1,001 – $15,000 in shares of DOW (NYSE:DOW) on 4/29/2025.
• Sold $1,001 – $15,000 in shares of Zions Bancorporation, National Association (NASDAQ:ZION) on 4/29/2025.
• Purchased $1,001 – $15,000 in shares of O’Reilly Automotive (NASDAQ:ORLY) on 4/29/2025.
• Purchased $1,001 – $15,000 in shares of McKesson (NYSE:MCK) on 4/29/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 4/29/2025.
• Sold $1,001 – $15,000 in shares of Humana (NYSE:HUM) on 4/29/2025.

Sphere Entertainment Stock Performance

Shares of NYSE:SPHR opened at $32.50 on Friday. The business has a fifty day moving average of $29.96 and a 200-day moving average of $37.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.56 and a current ratio of 0.56. Sphere Entertainment Co. has a twelve month low of $23.89 and a twelve month high of $50.88. The firm has a market cap of $1.16 billion, a PE ratio of -3.10 and a beta of 1.51.

Sphere Entertainment (NYSE:SPHR) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($2.27) earnings per share for the quarter, beating the consensus estimate of ($2.48) by $0.21. Sphere Entertainment had a negative net margin of 32.76% and a negative return on equity of 16.48%. The firm had revenue of $280.57 million during the quarter, compared to analysts’ expectations of $285.01 million. During the same quarter last year, the company posted ($1.33) EPS. The company’s quarterly revenue was down 12.7% compared to the same quarter last year. On average, equities research analysts predict that Sphere Entertainment Co. will post -11.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Sphere Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE increased its position in shares of Sphere Entertainment by 3.8% in the 4th quarter. US Bancorp DE now owns 7,511 shares of the company’s stock valued at $303,000 after buying an additional 276 shares in the last quarter. Boyar Asset Management Inc. lifted its holdings in shares of Sphere Entertainment by 1.2% during the 4th quarter. Boyar Asset Management Inc. now owns 44,457 shares of the company’s stock valued at $1,793,000 after purchasing an additional 542 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Sphere Entertainment by 108.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,311 shares of the company’s stock valued at $53,000 after purchasing an additional 681 shares during the period. Legal & General Group Plc grew its position in shares of Sphere Entertainment by 2.8% in the 4th quarter. Legal & General Group Plc now owns 26,678 shares of the company’s stock valued at $1,076,000 after purchasing an additional 720 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Sphere Entertainment by 10.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,411 shares of the company’s stock worth $299,000 after purchasing an additional 721 shares in the last quarter. 92.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Sphere Entertainment

In other news, insider F. Dolan 2009 Revocabl Charles sold 55,385 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $33.80, for a total transaction of $1,872,013.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 25.08% of the company’s stock.

Wall Street Analyst Weigh In

SPHR has been the topic of a number of recent research reports. Macquarie decreased their price objective on Sphere Entertainment from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. The Goldman Sachs Group set a $36.00 price objective on Sphere Entertainment and gave the stock a “buy” rating in a research report on Friday, April 18th. Susquehanna began coverage on shares of Sphere Entertainment in a research report on Monday, April 28th. They set a “positive” rating and a $37.00 price target for the company. Benchmark reissued a “sell” rating on shares of Sphere Entertainment in a research note on Monday, March 3rd. Finally, Morgan Stanley lowered their target price on shares of Sphere Entertainment from $45.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sphere Entertainment currently has a consensus rating of “Hold” and a consensus target price of $46.22.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Sphere Entertainment Company Profile

Sphere Entertainment Co engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre.