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

North Star Investment Management Corp. grew its stake in Alliance Entertainment Holding Corporation (NASDAQ:AENT) by 102.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,000 shares of the company’s stock after purchasing an additional 85,000 shares during the period. North Star Investment Management Corp. owned about 0.33% of Alliance Entertainment worth $1,100,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. XTX Topco Ltd acquired a new position in shares of Alliance Entertainment in the 2nd quarter valued at $59,000. Quadrature Capital Ltd acquired a new stake in Alliance Entertainment during the fourth quarter valued at $143,000. Jacobs Levy Equity Management Inc. acquired a new stake in Alliance Entertainment during the third quarter valued at $193,000. Apollon Wealth Management LLC increased its holdings in Alliance Entertainment by 15.6% in the first quarter. Apollon Wealth Management LLC now owns 36,980 shares of the company’s stock valued at $242,000 after buying an additional 5,000 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Alliance Entertainment in the fourth quarter valued at $422,000. Institutional investors and hedge funds own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AENT. 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. Zacks Research upgraded Alliance Entertainment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

Alliance Entertainment Trading Up 4.6%

Shares of NASDAQ:AENT opened at $5.97 on Tuesday. Alliance Entertainment Holding Corporation has a 1 year low of $3.70 and a 1 year high of $8.80. The firm has a market capitalization of $304.29 million, a price-to-earnings ratio of 13.57 and a beta of 0.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.63. The business’s 50 day moving average price is $6.36 and its 200-day moving average price is $6.75.

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

Alliance Entertainment Company Profile

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.