Falcon’s Beyond Global (NASDAQ:FBYD) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Falcon’s Beyond Global (NASDAQ:FBYD) from a hold rating to a sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings cut shares of Falcon’s Beyond Global from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Falcon’s Beyond Global presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Down 9.4%

NASDAQ FBYD opened at $8.94 on Friday. The stock’s 50 day moving average is $12.47 and its 200 day moving average is $11.60. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25. Falcon’s Beyond Global has a 12 month low of $3.71 and a 12 month high of $29.02. The stock has a market cap of $1.08 billion, a PE ratio of -89.40 and a beta of -2.57.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $5.62 million during the quarter. Falcon’s Beyond Global had a negative return on equity of 50.04% and a negative net margin of 8.60%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its position in Falcon’s Beyond Global by 8,008.5% in the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock worth $42,000 after purchasing an additional 3,764 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in Falcon’s Beyond Global during the fourth quarter valued at $47,000. Geode Capital Management LLC grew its stake in shares of Falcon’s Beyond Global by 86.2% in the 4th quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock worth $4,770,000 after buying an additional 147,056 shares in the last quarter. State Street Corp grew its stake in shares of Falcon’s Beyond Global by 648.9% in the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock worth $2,309,000 after buying an additional 133,284 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Falcon’s Beyond Global in the 4th quarter worth about $658,000. 38.88% of the stock is currently owned by institutional investors.

About Falcon’s Beyond Global

Falcon’s Beyond Global, Inc is an experiential entertainment development enterprise. It connects the world by bringing stories to life through theme parks, resorts, animation, consumer products, gaming, and movies. The company propels intellectual property activations concurrently across physical and digital experiences through three core business units. Falcon’s Creative Group is a themed entertainment and master planning firm. Falcon’s Beyond Destinations develops, owns, and operates global entertainment destinations from resorts, theme parks, and attractions to retail, dining and location-based entertainment venues.