Sphere Entertainment (SPHR)

• Market cap: $1.18B
• 1 day: 0.79%
• 5 days: -1.11%
• 1 month: -12.50%
• 3 months: -20.55%
• 6 months: -24.77%
• Year to date: -20.55%
• 1 year: -32.91%
• 5 years: -62.74%
• 10 years: -62.74%
• Sector: Consumer Discretionary
• Industry: Amusement & Recreation Services

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

234% more call options, than puts

Call options by funds: $182M | Put options by funds: $54.5M

52% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 27

15% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 65

5% more funds holding

Funds holding: 211 [Q3] → 222 (+11) [Q4]

4.84% more ownership

Funds ownership: 113.54% [Q3] → 118.38% (+4.84%) [Q4]

3% less capital invested

Capital invested by funds: $1.43B [Q3] → $1.38B (-$48.9M) [Q4]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q3] → 1 (-1) [Q4]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $40 21% upside
• Avg. target: $47 43% upside
• High target: $54 64% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Macquarie Paul Golding 27% 1-year accuracy 14 / 52 met price target	21% upside $40	Neutral Maintained	11 Mar 2025
JP Morgan David Karnovsky 46% 1-year accuracy 12 / 26 met price target	64% upside $54	Overweight Maintained	4 Mar 2025