Balyasny Asset Management L.P. Has $17.33 Million Holdings in MSG Entertainment (NYSE:MSGE)

Balyasny Asset Management L.P. reduced its stake in MSG Entertainment (NYSE:MSGE - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 486,722 shares of the company's stock after selling 95,009 shares during the period. Balyasny Asset Management L.P. owned approximately 1.01% of MSG Entertainment worth $17,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its stake in shares of MSG Entertainment by 26.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,405 shares of the company's stock valued at $86,000 after purchasing an additional 504 shares during the period. Ameriprise Financial Inc. boosted its position in MSG Entertainment by 4.3% in the fourth quarter. Ameriprise Financial Inc. now owns 12,431 shares of the company's stock valued at $443,000 after buying an additional 509 shares in the last quarter. Swiss National Bank boosted its position in MSG Entertainment by 0.9% in the fourth quarter. Swiss National Bank now owns 76,959 shares of the company's stock valued at $2,740,000 after buying an additional 700 shares in the last quarter. Sterling Capital Management LLC boosted its position in MSG Entertainment by 785.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,133 shares of the company's stock valued at $40,000 after buying an additional 1,005 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in MSG Entertainment by 4.8% in the fourth quarter. MetLife Investment Management LLC now owns 23,940 shares of the company's stock valued at $852,000 after buying an additional 1,107 shares during the period. 96.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Macquarie restated an "outperform" rating and set a $45.00 price objective on shares of MSG Entertainment in a report on Monday, February 10th. Wolfe Research upgraded MSG Entertainment from a "peer perform" rating to an "outperform" rating and set a $46.00 price objective for the company in a report on Tuesday, March 11th. Susquehanna initiated coverage on MSG Entertainment in a report on Monday, April 28th. They issued a "positive" rating and a $39.00 price objective for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of MSG Entertainment from $36.00 to $41.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th.

MSG Entertainment Stock Performance

MSGE stock traded up $0.45 during trading hours on Tuesday, hitting $37.86. 44,894 shares of the stock were exchanged, compared to its average volume of 356,693. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 56.61. The firm has a market capitalization of $1.54 billion, a P/E ratio of 14.40, a P/E/G ratio of 5.09 and a beta of 0.22. MSG Entertainment has a 12 month low of $28.29 and a 12 month high of $44.14. The company has a 50-day simple moving average of $32.42 and a two-hundred day simple moving average of $35.01.

Insider Buying and Selling at MSG Entertainment

In related news, insider F. Dolan 2009 Revocabl Charles sold 67,143 shares of MSG Entertainment stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.96, for a total value of $2,078,747.28. Following the transaction, the insider now directly owns 6,015 shares of the company's stock, valued at $186,224.40. This trade represents a 91.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 17.85% of the company's stock.

MSG Entertainment Profile

Madison Square Garden Entertainment Corp. engages in the provision of entertainment services. Its portfolio of venues includes The Garden, Radio City Music Hall, the Beacon Theatre, The Theater at Madison Square, and The Chicago Theatre. The company was founded in 1879 and is headquartered in New York, NY.