244,000 Shares of Alliance Entertainment Holding Corporation $AENT Bought by North Star Investment Management Corp.

North Star Investment Management Corp. acquired a new stake in Alliance Entertainment Holding Corporation (NASDAQ:AENT) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 244,000 shares of the company’s stock, valued at approximately $1,122,000.

Several other institutional investors and hedge funds have also modified their holdings of AENT. Kathmere Capital Management LLC bought a new stake in Alliance Entertainment during the 1st quarter worth approximately $68,000. Citadel Advisors LLC acquired a new stake in Alliance Entertainment during the 2nd quarter worth approximately $101,000. Apollon Wealth Management LLC raised its holdings in Alliance Entertainment by 15.6% during the 1st quarter. Apollon Wealth Management LLC now owns 36,980 shares of the company’s stock worth $242,000 after buying an additional 5,000 shares during the period. Finally, Empowered Funds LLC raised its holdings in Alliance Entertainment by 9.8% during the 1st quarter. Empowered Funds LLC now owns 135,837 shares of the company’s stock worth $890,000 after buying an additional 12,110 shares during the period. 0.27% of the stock is currently owned by institutional investors and hedge funds.

Alliance Entertainment Price Performance

Shares of NASDAQ AENT opened at $4.42 on Friday. The firm has a market cap of $225.31 million, a PE ratio of 17.00 and a beta of 0.44. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 0.63. Alliance Entertainment Holding Corporation has a 1-year low of $4.28 and a 1-year high of $8.80. The company has a fifty day moving average price of $4.94 and a 200 day moving average price of $6.02.

Alliance Entertainment (NASDAQ:AENT) last released its earnings results on Thursday, September 10th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. Alliance Entertainment had a return on equity of 20.29% and a net margin of 1.14%. The firm had revenue of $268.10 million during the quarter, compared to analysts’ expectations of $234.95 million. Research analysts predict that Alliance Entertainment Holding Corporation will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Alliance Entertainment from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Monday, September 28th. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Alliance Entertainment presently has a consensus rating of “Hold” and an average target price of $8.00.

About Alliance Entertainment

Alliance Entertainment Corporation (NASDAQ: AENT) is a distributor and wholesaler of physical and digital entertainment products. The company supplies music, movies, video games, consumer electronics, toys, collectibles and related merchandise to retailers, e-commerce businesses and other commercial customers.

Its services include product distribution, fulfillment, logistics and supply-chain management. Alliance Entertainment serves a broad range of customers, including mass merchants, specialty retailers, independent record stores, online retailers and entertainment-focused businesses.