MSG Entertainment (NYSE:MSGE) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in MSG Entertainment (NYSE:MSGE - Free Report) by 112.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,492 shares of the company's stock after purchasing an additional 10,831 shares during the period. Mackenzie Financial Corp owned about 0.05% of MSG Entertainment worth $730,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of MSG Entertainment by 26.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,405 shares of the company's stock worth $86,000 after acquiring an additional 504 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of MSG Entertainment by 4.3% during the 4th quarter. Ameriprise Financial Inc. now owns 12,431 shares of the company's stock worth $443,000 after acquiring an additional 509 shares in the last quarter. Swiss National Bank raised its stake in shares of MSG Entertainment by 0.9% during the 4th quarter. Swiss National Bank now owns 76,959 shares of the company's stock worth $2,740,000 after acquiring an additional 700 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of MSG Entertainment by 785.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,133 shares of the company's stock worth $40,000 after acquiring an additional 1,005 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of MSG Entertainment by 4.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,486 shares of the company's stock worth $801,000 after acquiring an additional 1,005 shares in the last quarter. Hedge funds and other institutional investors own 96.86% of the company's stock.

Wall Street Analysts Forecast Growth

MSGE has been the subject of several recent analyst reports. Susquehanna initiated coverage on shares of MSG Entertainment in a research note on Monday, April 28th. They set 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 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 price target on the stock in a research note on Tuesday, March 11th. Finally, Macquarie restated an "outperform" rating and set a $45.00 price target on shares of MSG Entertainment in a research note on Monday, February 10th.

MSG Entertainment Price Performance

MSGE traded up $0.62 during trading on Thursday, reaching $37.90. The company's stock had a trading volume of 235,974 shares, compared to its average volume of 355,555. 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 firm has a fifty day simple moving average of $34.10 and a two-hundred day simple moving average of $34.76. MSG Entertainment has a 1 year low of $28.29 and a 1 year high of $44.14. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 5.09 and a beta of 0.40.

Insiders Place Their Bets

In other MSG Entertainment news, insider F. Dolan 2009 Revocabl Charles sold 67,143 shares of the firm's 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 17.85% of the company's 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.