MSG Entertainment (NYSE:MSGE) Now Covered by Susquehanna

Analysts at Susquehanna assumed coverage on shares of MSG Entertainment (NYSE:MSGE - Get Free Report) in a report released on Monday, Marketbeat.com reports. The brokerage set a "positive" rating and a $39.00 price target on the stock. Susquehanna's target price would suggest a potential upside of 16.37% from the stock's previous close.

Several other research firms have also recently commented on MSGE. Wolfe Research upgraded MSG Entertainment from a "peer perform" rating to an "outperform" rating and set a $46.00 price target for the company in a research note on Tuesday, March 11th. Macquarie reiterated 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 Stock Performance

MSGE stock traded up $0.77 on Monday, hitting $33.51. The company's stock had a trading volume of 201,171 shares, compared to its average volume of 368,321. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 5.09 and a beta of 0.22. The firm has a 50 day moving average of $32.15 and a two-hundred day moving average of $35.39. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 56.61. MSG Entertainment has a 1 year low of $28.29 and a 1 year high of $44.14.

MSG Entertainment (NYSE:MSGE - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.56 EPS for the quarter, missing analysts' consensus estimates of $2.16 by ($0.60). MSG Entertainment had a net margin of 13.15% and a negative return on equity of 323.63%. Equities analysts predict that MSG Entertainment will post 1.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider F. Dolan 2009 Revocabl Charles sold 67,143 shares of MSG Entertainment 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 completion of the sale, the insider now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. 17.85% of the stock is currently owned by company insiders.

Institutional Trading of MSG Entertainment

Several large investors have recently bought and sold shares of MSGE. KBC Group NV purchased a new position in MSG Entertainment during the 1st quarter valued at about $31,000. Sterling Capital Management LLC increased 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 purchasing an additional 1,005 shares in the last quarter. NBC Securities Inc. increased its stake in shares of MSG 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 purchasing an additional 1,369 shares in the last quarter. GAMMA Investing LLC raised its position in shares of MSG 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. Finally, Tower Research Capital LLC TRC lifted its stake in MSG Entertainment by 26.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,405 shares of the company's stock valued at $86,000 after buying an additional 504 shares in the last quarter. Institutional investors and hedge funds own 96.86% of the company's stock.

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.