Madison Square Garden Entertainment Corp. $MSGE Stock Holdings Lowered by AWH Capital L.P.

Key Points

• AWH Capital L.P. has decreased its stake in Madison Square Garden Entertainment Corp. by 26.9%, selling 35,000 shares and now holds 95,000 shares worth approximately $3.1 million.
• Multiple institutional investors, including Dimensional Fund Advisors and Northern Trust Corp, have increased their positions in Madison Square Garden Entertainment, with Northern Trust boosting its stake by 30.0%.
• Analysts' ratings for MSGE shares vary, with Morgan Stanley updating its target price to $44.00 and Goldman Sachs raising it to $41.00, while Wall Street Zen downgraded the stock from "hold" to "sell."

AWH Capital L.P. lowered its stake in Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) by 26.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 95,000 shares of the company's stock after selling 35,000 shares during the period. Madison Square Garden Entertainment accounts for approximately 4.5% of AWH Capital L.P.'s holdings, making the stock its 12th biggest holding. AWH Capital L.P. owned 0.23% of Madison Square Garden Entertainment worth $3,110,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MSGE. KBC Group NV acquired a new position in shares of Madison Square Garden Entertainment in the 1st quarter valued at about $31,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Madison Square Garden Entertainment in the 1st quarter valued at about $40,000. NBC Securities Inc. boosted its holdings in shares of Madison Square Garden Entertainment by 136,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,370 shares of the company's stock valued at $44,000 after buying an additional 1,369 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Madison Square Garden Entertainment by 1,632.3% in the 1st quarter. GAMMA Investing LLC now owns 2,685 shares of the company's stock valued at $82,000 after buying an additional 2,530 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Madison Square Garden 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 buying an additional 504 shares during the period. 96.86% of the stock is owned by institutional investors and hedge funds.

Madison Square Garden Entertainment Price Performance

Shares of NYSE:MSGE traded up $0.37 during trading on Friday, reaching $40.84. The company had a trading volume of 224,848 shares, compared to its average volume of 374,610. The firm's fifty day moving average is $39.08 and its 200 day moving average is $36.16. The firm has a market capitalization of $1.94 billion, a PE ratio of 53.73 and a beta of 0.44. Madison Square Garden Entertainment Corp. has a twelve month low of $28.29 and a twelve month high of $44.14. The company has a debt-to-equity ratio of 60.61, a quick ratio of 0.47 and a current ratio of 0.47.

Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($0.50) earnings per share for the quarter, missing analysts' consensus estimates of ($0.47) by ($0.03). The company had revenue of $154.14 million during the quarter, compared to analyst estimates of $151.17 million. Madison Square Garden Entertainment had a negative return on equity of 458.14% and a net margin of 3.97%.The company's revenue was down 17.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 earnings per share. On average, equities analysts forecast that Madison Square Garden Entertainment Corp. will post 1.04 EPS for the current year.

Analyst Ratings Changes

MSGE has been the subject of several research reports. Morgan Stanley lifted their price target on shares of Madison Square Garden Entertainment from $41.00 to $44.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Wall Street Zen lowered shares of Madison Square Garden Entertainment from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Madison Square Garden Entertainment presently has an average rating of "Moderate Buy" and a consensus target price of $43.00.

Madison Square Garden 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.