Universal Beteiligungs und Servicegesellschaft mbH Has $275,000 Holdings in Madison Square Garden Entertainment Corp. $MSGE

Key Points

• Universal Beteiligungs cut its stake in Madison Square Garden Entertainment by 84.8% in Q4, selling 28,486 shares and leaving it with 5,106 shares valued at about $275,000.
• MSGE reported Q4 EPS of $1.94, missing the $2.35 estimate while revenue of $459.9M beat expectations and rose 12.9% year‑over‑year; the company shows a high P/E (61.18) and a negative return on equity (-748.04%).
• The stock is trading near its 52‑week high (~$66) with a $2.67B market cap, institutional ownership of 96.86%, a notable insider sale by director Charles P. Dolan (~19,311 shares, $1.23M), and a consensus analyst rating of "Moderate Buy" with a $61 price target (some firms set higher targets up to $76).

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) by 84.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,106 shares of the company's stock after selling 28,486 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Madison Square Garden Entertainment were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Madison Square Garden Entertainment by 14.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,794 shares of the company's stock valued at $743,000 after acquiring an additional 1,710 shares during the period. First Horizon Corp bought a new stake in Madison Square Garden Entertainment in the fourth quarter valued at $37,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Madison Square Garden Entertainment in the fourth quarter valued at $47,000. CWM LLC raised its holdings in shares of Madison Square Garden Entertainment by 15.1% during the fourth quarter. CWM LLC now owns 1,723 shares of the company's stock valued at $93,000 after purchasing an additional 226 shares during the period. Finally, Perigon Wealth Management LLC acquired a new position in shares of Madison Square Garden Entertainment during the fourth quarter valued at about $261,000. Institutional investors own 96.86% of the company's stock.

Madison Square Garden Entertainment Trading Up 0.1%

MSGE opened at $66.07 on Wednesday. Madison Square Garden Entertainment Corp. has a fifty-two week low of $33.38 and a fifty-two week high of $68.52. The firm has a market capitalization of $2.67 billion, a PE ratio of 61.18 and a beta of 0.61. The company has a debt-to-equity ratio of 15.40, a current ratio of 0.68 and a quick ratio of 0.68. The company's 50-day moving average is $60.16 and its 200 day moving average is $55.66.

Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.35 by ($0.41). The company had revenue of $459.94 million for the quarter, compared to analyst estimates of $448.21 million. Madison Square Garden Entertainment had a net margin of 5.12% and a negative return on equity of 748.04%. Madison Square Garden Entertainment's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.56 EPS. As a group, research analysts predict that Madison Square Garden Entertainment Corp. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on MSGE shares. Weiss Ratings downgraded Madison Square Garden Entertainment from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday. Wall Street Zen upgraded Madison Square Garden Entertainment from a "hold" rating to a "buy" rating in a report on Saturday, February 28th. BTIG Research initiated coverage on Madison Square Garden Entertainment in a research note on Tuesday, April 7th. They issued a "buy" rating and a $70.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Madison Square Garden Entertainment from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Wednesday, February 4th. Finally, Guggenheim increased their target price on Madison Square Garden Entertainment from $74.00 to $76.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.00.

Insider Activity

In related news, Director Charles P. Dolan sold 19,311 shares of Madison Square Garden Entertainment stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $63.76, for a total transaction of $1,231,269.36. Following the transaction, the director owned 660 shares of the company's stock, valued at $42,081.60. The trade was a 96.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 16.41% of the stock is currently owned by insiders.

Madison Square Garden Entertainment Profile

Madison Square Garden Entertainment Corp. NYSE: MSGE is a premier live entertainment company focused on producing and hosting a wide range of events across North America. Established as a separate publicly traded entity in April 2020 through a spin-off from Madison Square Garden Company, MSGE owns and operates iconic venues such as Madison Square Garden in New York City, Radio City Music Hall, The Chicago Theatre and Sphere in Las Vegas. These facilities serve as flagship stages for concerts, sports events, family shows and cultural performances.

The company's core business activities center on venue management, event promotion and production services.

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