Ariel Investments trims Sphere stake by 700,000 shares after strong stock rally
Ariel Investments has reduced its holding in Sphere Entertainment by 700,000 shares, a cut of around 22% of its position, as the company’s stock surged sharply in recent months. According to reports, the Chicago-based investment firm disclosed the transaction in a filing with the U.S. Securities and Exchange Commission (SEC) for the first quarter of…
