We've compiled it recently According to John W. Rogers of Ariel Investments. In this article, we will explore the position of Sphere Entertainment Co. (NYSE:SPHR) against other shares of John W. Rogers.
John W. Rogers Jr. Ariel Investment. Rogers graduated from Princeton University in 1980 and worked as a stockbroker for two and a half years at William Blair. Three years later, he founded Ariel Investments, the first black-owned mutual fund company in the United States, backed by family and friends $200,000. Howard University will be the initial client of Ariel Investments, which received $100,000 to manage its donations. The following year, the city of Chicago granted Ariel a $1 million pension plan. By 2009, Ariel Investments had managed $3.3 billion in assets and has since increased to a staggering $12.9 billion.
It is worth noting that investors' flagship Ariel Foundation faced one of its first obstacles on October 19, 1987 (known as Black Monday). The next major test came after the 2000 Internet crisis, with the Ariel Fund rebounding strongly, returning 29% that year and 14% in 2001. During the 2008 financial crisis, Rogers' investment in stocks, such as real estate investment firm CBRE Group and newspaper publisher Gannett, lost 48% before the fund returned 63% in 2009.
Rogers appreciates patience as he is looking for companies he believes will reach its full potential in the year. Famous investors Warren Buffett and Benjamin Graham pioneered the strategy of seizing value stocks involve buying stocks whose value may be estimated by the market. Speaking at the Bloomberg Investment Conference, investors said that market enthusiasts may be overly focused on short-term trends, and those who are ready for three to five years may still find opportunities.
Even within the current market atmosphere, Ariel Investment still firmly believes in value investing. The fund's first-quarter 2025 investor letter reiterated its confidence in its strategy. Here is what Ariel Fund must say:
Most major U.S. indexes ended red in the first quarter of 2025, with investors fleeing security, a victory over the U.S. another year, surpassing economic momentum, while the new administration’s pro-business stance was quickly replaced by fear of tariffs and policy uncertainty. The huge seven have driven the growth of most markets over the past three years, with leaders falling, down nearly 15%. The growth of value destiny and the big hat are better than its little hat brothers. International stock markets led by Europe and China surged - with the strongest quarter in the United States in 15 years. Meanwhile, worsening confidence and concerns about the global trade war are aggravating fears of the recession. Although Wall Street sits on the edge and the market remains unstable, we actively tend to volatility by wisely obtaining stakes in high-quality companies whose value should be realized in the long run.
For this list, we selected stocks from Ariel Investments’ 13F portfolio from the end of the fourth quarter of 2024. These stocks are also popular among elite hedge funds.
Why are we interested in stocks that hedge funds to accumulate? The reason is simple: Our research shows that we can beat the market by mimicking the top stocks of the best hedge funds. Our strategy for quarterly newsletters selects 14 small and large stocks every quarter, returning 373.4% since May 2014, beating its benchmark by 218 percentage points (See more details here).
StageHands sets up equipment for live entertainment.
Ariel Investments stake in Q4: $231.6 million
Number of hedge fund holders: 58
Sphere Entertainment Co. (NYSE: SPHR) is an American entertainment business that produces and hosts live events. It operates mainly in two areas: Sphere and MSG networks.
On April 9, Guggenheim analysts maintained a buy rating on Sphere Entertainment Co. (NYSE:SPHR) with a target share price of $69. The company's analysts upgraded its model to SPHR, predicting profitable second half of the year. The expected profitability increase stems from three important factors, including the debut of the new Sphere experience, the expected timing of new sponsorship deals, and the ongoing efforts to increase SG&A cost reduction.
The fourth quarter results of Sphere Entertainment Co. (NYSE:SPHR) were mixed together with revenue crossover expectations of $308.3 million, while forecasts of $289.41 million, despite a 1.9% year-on-year decline. However, compared with analysts' forecast of -$2.37, the company's losses per share exceeded expectations -$3.49. Revenues for Sphere Entertainment's Las Vegas venues rose 1% to $169 million, despite adjusted operating losses of $800,000 compared to adjusted operating revenue of $14.1 million in the previous year. Meanwhile, revenue in the MSG Networks segment fell 5% to $139.3 million, due to a loss of 11.5% for total subscribers.
Overall SPHR Ranked 9 On our John W. Rogers stock draft list. Although we acknowledge the potential of SPHR as an investment, our belief is that certain AI stocks offer higher returns in a shorter time frame and offer greater hope in this range. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than SPHR but have less than 5 times its earnings, check out our report The cheapest AI stock.
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Disclosure: None. This article was originally published in Internal monkey.