Alliance Entertainment Holding Corporation $AENT Shares Bought by Clarity Capital Partners LLC

Clarity Capital Partners LLC raised its holdings in Alliance Entertainment Holding Corporation (NASDAQ:AENT) by 0.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,476,001 shares of the company’s stock after acquiring an additional 12,200 shares during the quarter. Alliance Entertainment accounts for about 31.6% of Clarity Capital Partners LLC’s holdings, making the stock its biggest position. Clarity Capital Partners LLC owned about 46.07% of Alliance Entertainment worth $88,505,000 as of its most recent filing with the SEC.

Separately, Empowered Funds LLC increased its position in Alliance Entertainment by 9.2% during the 1st quarter. Empowered Funds LLC now owns 90,880 shares of the company’s stock worth $304,000 after purchasing an additional 7,683 shares in the last quarter. Institutional investors own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on AENT shares. Maxim Group started coverage on Alliance Entertainment in a research report on Tuesday, July 1st. They set a “buy” rating and a $10.00 price objective for the company. Wall Street Zen cut Alliance Entertainment from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Alliance Entertainment in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Alliance Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

Alliance Entertainment Stock Performance

Alliance Entertainment stock opened at $6.73 on Friday. The stock’s 50 day moving average price is $5.85 and its 200 day moving average price is $4.36. The firm has a market capitalization of $342.94 million, a PE ratio of 22.43 and a beta of 0.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.67 and a current ratio of 1.26. Alliance Entertainment Holding Corporation has a one year low of $2.21 and a one year high of $11.57.

Alliance Entertainment (NASDAQ:AENT) last released its quarterly earnings results on Wednesday, September 10th. The company reported $0.11 EPS for the quarter. The firm had revenue of $227.75 million for the quarter. Alliance Entertainment had a return on equity of 18.35% and a net margin of 1.42%.

Alliance Entertainment Company Profile

Alliance Entertainment Holding Corporation operates as a wholesaler, distributor, and e-commerce provider for the entertainment industry worldwide. It offers vinyl records, video games, digital video discs, blu-rays, toys, compact discs, collectibles, and other entertainment and consumer products. The company also provides third party logistics products and services.