UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in MSG Entertainment (NYSE:MSGE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in MSG Entertainment (NYSE:MSGE - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,999 shares of the company's stock after purchasing an additional 9,032 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of MSG Entertainment worth $2,492,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MSGE. Tower Research Capital LLC TRC lifted 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 valued at $86,000 after purchasing an additional 504 shares during the period. Ameriprise Financial Inc. grew its position in shares of MSG Entertainment by 4.3% during the fourth quarter. Ameriprise Financial Inc. now owns 12,431 shares of the company's stock worth $443,000 after purchasing an additional 509 shares in the last quarter. Swiss National Bank grew its holdings in MSG Entertainment by 0.9% during the 4th quarter. Swiss National Bank now owns 76,959 shares of the company's stock valued at $2,740,000 after buying an additional 700 shares in the last quarter. Sterling Capital Management LLC grew its stake in MSG Entertainment by 785.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,133 shares of the company's stock valued at $40,000 after acquiring an additional 1,005 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of MSG Entertainment by 4.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,486 shares of the company's stock worth $801,000 after purchasing an additional 1,005 shares during the last quarter. 96.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSGE has been the subject of a number of recent research reports. Susquehanna started coverage on shares of MSG Entertainment in a report on Monday, April 28th. They issued a "positive" rating and a $39.00 target price for the company. Macquarie reissued an "outperform" rating and issued a $45.00 price objective on shares of MSG Entertainment in a research note on Monday, February 10th. The Goldman Sachs Group boosted their target price on shares of MSG Entertainment from $36.00 to $41.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Wolfe Research raised shares of MSG Entertainment from a "peer perform" rating to an "outperform" rating and set a $46.00 price target for the company in a report on Tuesday, March 11th.

MSG Entertainment Trading Down 1.0%

NYSE:MSGE traded down $0.37 during midday trading on Tuesday, hitting $37.75. 323,514 shares of the company traded hands, compared to its average volume of 354,888. The firm has a market capitalization of $1.53 billion, a P/E ratio of 14.35, a P/E/G ratio of 5.09 and a beta of 0.40. The firm's fifty day moving average is $34.40 and its 200-day moving average is $34.79. MSG Entertainment has a 12-month low of $28.29 and a 12-month high of $44.14. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 56.61.

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.