Miracle Mile Advisors LLC lessened its holdings in MSG Entertainment (NYSE:MSGE - Free Report) by 38.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,492 shares of the company's stock after selling 13,293 shares during the period. Miracle Mile Advisors LLC owned 0.05% of MSG Entertainment worth $704,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the business. Sterling Capital Management LLC lifted its position in shares of MSG Entertainment by 785.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,133 shares of the company's stock worth $40,000 after buying an additional 1,005 shares during the last quarter. NBC Securities Inc. raised its stake in shares of MSG 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 acquiring an additional 1,369 shares in the last quarter. GAMMA Investing LLC lifted its holdings in MSG Entertainment by 1,632.3% in the 1st quarter. GAMMA Investing LLC now owns 2,685 shares of the company's stock worth $82,000 after purchasing an additional 2,530 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in MSG Entertainment by 26.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,405 shares of the company's stock worth $86,000 after purchasing an additional 504 shares during the period. Finally, State of Wyoming grew its holdings in MSG Entertainment by 216.8% during the fourth quarter. State of Wyoming now owns 4,026 shares of the company's stock valued at $143,000 after purchasing an additional 2,755 shares during the last quarter. 96.86% of the stock is currently owned by institutional investors.
MSG Entertainment Stock Performance
Shares of MSGE traded down $0.37 during mid-day trading on Thursday, hitting $36.76. The company's stock had a trading volume of 256,924 shares, compared to its average volume of 354,931. The stock's 50-day moving average is $34.69 and its two-hundred day moving average is $34.81. The firm has a market capitalization of $1.49 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 5.09 and a beta of 0.40. The company has a debt-to-equity ratio of 56.61, a quick ratio of 0.54 and a current ratio of 0.54. MSG Entertainment has a one year low of $28.29 and a one year high of $44.14.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Susquehanna began coverage on shares of MSG Entertainment in a research note on Monday, April 28th. They issued a "positive" rating and a $39.00 price objective for the company. The Goldman Sachs Group upped their price target on shares of MSG Entertainment from $36.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Wolfe Research raised MSG Entertainment from a "peer perform" rating to an "outperform" rating and set a $46.00 price target on the stock in a research report on Tuesday, March 11th.
View Our Latest Stock Analysis on MSGE
MSG Entertainment Profile
(
Free Report)
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.
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