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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Business

Business & Economics

Sphere Entertainment Co. (SPHR): Among the Best Stocks to Buy According to John W. Rogers of Ariel Investments

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
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John W. Rogers Jr. is a prominent American investor and hedge fund manager who serves as the chairman, CEO, and CIO of Ariel Investments .

He founded Ariel Investments , the first Black-owned mutual fund company in the United States , with $ 200,000 supported by family and friends.

By 2009 , Ariel Investments was managing $3.3 billion in assets, which has since increased to a staggering $12.9 billion .

Sphere Entertainment's Las Vegas venue experienced a 1% rise in revenue to $169 million .

The MSG Networks segment's revenue fell 5% to $139.3 million , owing to an 11.5% loss in total subscribers.

Overall SPHR ranks 9th on our list of John W. Rogers' stock picks.