From Yahoo Finance: 2025-04-23 08:08:00

Ariel Investments released its first-quarter 2025 investor letter, noting a decline in major U.S. indices. The firm took advantage of market volatility by purchasing undervalued stock of quality companies, with Ariel Fund returning -8.00% in the quarter, lagging behind indices. Sphere Entertainment Co. (NYSE:SPHR) saw a one-month return of -26.49%, closing at $24.84 per share on April 22, 2025.

In its Q1 2025 investor letter, Ariel Fund highlighted Sphere Entertainment Co. (NYSE:SPHR), noting pressure on its stock despite strong business fundamentals. The company is expected to see financial growth through concert residencies, marquee sporting events, venue utilization, and international expansion.

Sphere Entertainment Co. (NYSE:SPHR) was not among the 30 most popular stocks among hedge funds in Q4 2024. Hedge funds show more interest in AI stocks for higher returns in a shorter timeframe. Investors seeking promising AI stocks can look into reports on the cheapest AI stock available.

Read more: Sphere Entertainment Co. (SPHR) Traded Lower Due to Profit Taking