22,044 Shares of Madison Square Garden Entertainment Corp. $MSGE Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC purchased a new stake in Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 22,044 shares of the company's stock, valued at approximately $1,757,000. Diversify Advisory Services LLC owned 0.05% of Madison Square Garden Entertainment as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MSGE. Counterpoint Mutual Funds LLC bought a new stake in Madison Square Garden Entertainment in the 3rd quarter valued at $705,000. TD Waterhouse Canada Inc. increased its position in Madison Square Garden Entertainment by 957.7% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,174 shares of the company's stock worth $94,000 after buying an additional 1,063 shares during the period. Assenagon Asset Management S.A. increased its position in Madison Square Garden Entertainment by 42.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,229,680 shares of the company's stock worth $98,510,000 after buying an additional 366,218 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Madison Square Garden Entertainment by 30.8% during the third quarter. State of Alaska Department of Revenue now owns 1,713 shares of the company's stock worth $137,000 after buying an additional 403 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Madison Square Garden Entertainment during the third quarter worth $545,000. 96.86% of the stock is owned by institutional investors.

Madison Square Garden Entertainment Price Performance

Shares of NYSE:MSGE opened at $77.79 on Friday. The firm has a 50 day moving average of $79.45 and a 200-day moving average of $74.44. Madison Square Garden Entertainment Corp. has a 12 month low of $43.33 and a 12 month high of $90.41. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 11.80. The stock has a market capitalization of $3.15 billion, a PE ratio of 56.37 and a beta of 0.55.

Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.44) by $0.23. Madison Square Garden Entertainment had a net margin of 6.24% and a return on equity of 480.83%. The business had revenue of $196.32 million for the quarter, compared to analysts' expectations of $166.62 million. During the same period last year, the firm posted ($0.57) earnings per share. The firm's quarterly revenue was up 27.4% compared to the same quarter last year. On average, equities research analysts predict that Madison Square Garden Entertainment Corp. will post 2.50 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on MSGE. Bank of America upped their price target on shares of Madison Square Garden Entertainment from $80.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Madison Square Garden Entertainment in a research report on Friday, July 31st. Zacks Research cut shares of Madison Square Garden Entertainment from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 12th. BTIG Research lifted their price objective on shares of Madison Square Garden Entertainment from $86.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. Finally, Susquehanna boosted their price objective on shares of Madison Square Garden Entertainment from $80.00 to $103.00 and gave the company a "positive" rating in a report on Thursday, August 13th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $91.62.

About Madison Square Garden Entertainment

Madison Square Garden Entertainment Corp. NYSE: MSGE is a live entertainment company that owns, operates and manages prominent entertainment venues and produces live events. Its portfolio includes Madison Square Garden, Radio City Music Hall, the Beacon Theatre and The Chicago Theatre, as well as the Hulu Theater at Madison Square Garden.

The company presents and promotes concerts, family entertainment, comedy shows, sporting events and other special events. It also produces the annual Christmas Spectacular Starring the Radio City Rockettes and supports a range of entertainment experiences through its venue operations, booking activities and event-related services.

Madison Square Garden Entertainment primarily serves audiences in the United States, with a concentration in New York City and Chicago.

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