Squarepoint Ops LLC Takes $860,000 Position in MSG Entertainment (NYSE:MSGE)

Squarepoint Ops LLC bought a new stake in MSG Entertainment (NYSE:MSGE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 24,165 shares of the company's stock, valued at approximately $860,000. Squarepoint Ops LLC owned approximately 0.05% of MSG Entertainment as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its holdings in 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 purchasing an additional 504 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of MSG Entertainment by 4.3% in the 4th quarter. Ameriprise Financial Inc. now owns 12,431 shares of the company's stock valued at $443,000 after buying an additional 509 shares during the period. Swiss National Bank boosted its stake in MSG Entertainment by 0.9% in the 4th quarter. Swiss National Bank now owns 76,959 shares of the company's stock worth $2,740,000 after purchasing an additional 700 shares during the period. Sterling Capital Management LLC boosted its stake in MSG Entertainment by 785.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,133 shares of the company's stock worth $40,000 after purchasing an additional 1,005 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 buying an additional 1,005 shares during the last quarter. Institutional investors and hedge funds own 96.86% of the company's stock.

Insider Transactions at MSG Entertainment

In related news, insider F. Dolan 2009 Revocabl Charles sold 67,143 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.96, for a total transaction of $2,078,747.28. Following the sale, the insider now owns 6,015 shares in the company, valued at approximately $186,224.40. This trade represents a 91.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 17.85% of the company's stock.

MSG Entertainment Stock Performance

Shares of MSGE traded up $0.62 during mid-day trading on Thursday, hitting $37.90. 235,974 shares of the company's stock were exchanged, compared to its average volume of 355,555. MSG Entertainment has a 52 week low of $28.29 and a 52 week high of $44.14. The stock's 50-day simple moving average is $34.10 and its 200-day simple moving average is $34.76. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 5.09 and a beta of 0.40. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 56.61.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MSGE. The Goldman Sachs Group upped their target price 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. Wolfe Research raised 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 report on Tuesday, March 11th. Susquehanna assumed coverage on shares of MSG Entertainment in a report on Monday, April 28th. They issued a "positive" rating and a $39.00 price target on the stock. Finally, Macquarie reissued an "outperform" rating and issued a $45.00 price target on shares of MSG Entertainment in a report on Monday, February 10th.

About MSG Entertainment

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.