Alliance Entertainment Holding Corporation $AENT Shares Bought by North Star Investment Management Corp.

North Star Investment Management Corp. boosted its position in shares of Alliance Entertainment Holding Corporation (NASDAQ:AENT) by 102.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 168,000 shares of the company’s stock after buying an additional 85,000 shares during the period. North Star Investment Management Corp.’s holdings in Alliance Entertainment were worth $1,100,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. XTX Topco Ltd acquired a new position in shares of Alliance Entertainment during the second quarter valued at approximately $59,000. Quadrature Capital Ltd acquired a new stake in shares of Alliance Entertainment in the fourth quarter worth approximately $143,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Alliance Entertainment in the third quarter worth approximately $193,000. Apollon Wealth Management LLC increased its position in shares of Alliance Entertainment by 15.6% during the first quarter. Apollon Wealth Management LLC now owns 36,980 shares of the company’s stock worth $242,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Alliance Entertainment during the fourth quarter worth approximately $422,000. Institutional investors and hedge funds own 0.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Zacks Research raised Alliance Entertainment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Weiss Ratings raised shares of Alliance Entertainment from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Alliance Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Alliance Entertainment Trading Up 4.6%

Shares of Alliance Entertainment stock opened at $5.97 on Tuesday. The stock has a market cap of $304.29 million, a P/E ratio of 13.57 and a beta of 0.41. The stock’s 50 day simple moving average is $6.36 and its 200-day simple moving average is $6.75. Alliance Entertainment Holding Corporation has a 1-year low of $3.70 and a 1-year high of $8.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.63.

Alliance Entertainment (NASDAQ:AENT) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. Alliance Entertainment had a return on equity of 19.91% and a net margin of 2.01%.The firm had revenue of $258.20 million during the quarter, compared to analysts’ expectations of $226.09 million. Analysts predict that Alliance Entertainment Holding Corporation will post 0.35 EPS for the current fiscal year.

About Alliance Entertainment

Alliance Entertainment (NASDAQ: AENT) is a distributor of physical media and related entertainment products, serving retailers, public libraries and online merchants. The company’s core business revolves around the wholesale distribution of music and video titles on CD, DVD and Blu-ray formats, as well as vinyl records, audiobooks, video games and select gift and novelty items. By maintaining a broad catalog of new and catalog titles, Alliance Entertainment enables brick-and-mortar and e-commerce channels to access an extensive range of products from major and independent labels.

In addition to its product offerings, Alliance Entertainment provides supply-chain and logistics services designed to streamline inventory management and order fulfillment.