Assenagon Asset Management S.A. Has $32.16 Million Stake in MSG Entertainment (NYSE:MSGE)

Assenagon Asset Management S.A. lifted its holdings in shares of MSG Entertainment (NYSE:MSGE - Free Report) by 14.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 982,405 shares of the company's stock after purchasing an additional 127,700 shares during the quarter. Assenagon Asset Management S.A. owned approximately 2.40% of MSG Entertainment worth $32,164,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Ariel Investments LLC grew its stake in MSG Entertainment by 14.5% in the 4th quarter. Ariel Investments LLC now owns 7,604,543 shares of the company's stock valued at $270,722,000 after buying an additional 964,657 shares during the last quarter. Vanguard Group Inc. grew its stake in MSG Entertainment by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 3,917,905 shares of the company's stock valued at $139,477,000 after buying an additional 52,731 shares during the last quarter. Jericho Capital Asset Management L.P. grew its stake in MSG Entertainment by 10.9% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 2,733,724 shares of the company's stock valued at $97,321,000 after buying an additional 268,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in MSG Entertainment by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,018,657 shares of the company's stock valued at $36,265,000 after buying an additional 4,573 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in MSG Entertainment by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 943,475 shares of the company's stock valued at $33,596,000 after buying an additional 5,012 shares during the last quarter. Institutional investors and hedge funds own 96.86% of the company's stock.

MSG Entertainment Stock Performance

NYSE MSGE traded down $0.51 during midday trading on Friday, hitting $36.32. The company had a trading volume of 238,369 shares, compared to its average volume of 354,030. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 56.61. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 5.09 and a beta of 0.40. The firm has a fifty day simple moving average of $34.84 and a two-hundred day simple moving average of $34.79. MSG Entertainment has a fifty-two week low of $28.29 and a fifty-two week high of $44.14.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MSGE. The Goldman Sachs Group raised their target price on shares of MSG Entertainment from $36.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Wolfe Research upgraded shares of MSG Entertainment from a "peer perform" rating to an "outperform" rating and set a $46.00 target price on the stock in a research note on Tuesday, March 11th. Finally, Susquehanna initiated coverage on shares of MSG Entertainment in a research note on Monday, April 28th. They issued a "positive" rating and a $39.00 target price on the stock.

MSG Entertainment Company 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.