SG Americas Securities LLC Invests $556,000 in Madison Square Garden Entertainment Corp. (NYSE:MSGE)

SG Americas Securities LLC acquired a new position in shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,977 shares of the company's stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSGE. NBC Securities Inc. raised its holdings in shares of Madison Square Garden Entertainment by 136,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,370 shares of the company's stock worth $44,000 after acquiring an additional 1,369 shares during the period. GAMMA Investing LLC increased its position in shares of Madison Square Garden Entertainment by 1,632.3% during 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. Jefferies Financial Group Inc. acquired a new stake in shares of Madison Square Garden Entertainment during the fourth quarter valued at about $3,111,000. Mackenzie Financial Corp increased its holdings in Madison Square Garden Entertainment by 112.1% in the 4th quarter. Mackenzie Financial Corp now owns 20,492 shares of the company's stock valued at $730,000 after purchasing an additional 10,831 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Madison Square Garden Entertainment by 14.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,999 shares of the company's stock worth $2,492,000 after purchasing an additional 9,032 shares in the last quarter. Institutional investors and hedge funds own 96.86% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MSGE. Wolfe Research raised Madison Square Garden Entertainment from a "peer perform" rating to an "outperform" rating and set a $46.00 target price for the company in a research report on Tuesday, March 11th. Susquehanna began coverage on shares of Madison Square Garden Entertainment in a research note on Monday, April 28th. They issued a "positive" rating and a $39.00 price target for the company. Finally, The Goldman Sachs Group increased their price objective on Madison Square Garden Entertainment from $36.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th.

Madison Square Garden Entertainment Stock Up 6.6%

NYSE:MSGE traded up $2.55 during mid-day trading on Monday, hitting $40.99. The stock had a trading volume of 720,077 shares, compared to its average volume of 351,877. Madison Square Garden Entertainment Corp. has a twelve month low of $28.29 and a twelve month high of $44.14. The stock has a 50-day simple moving average of $35.50 and a two-hundred day simple moving average of $34.77. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 60.61. The company has a market capitalization of $1.66 billion, a PE ratio of 14.96 and a beta of 0.39.

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.