Madison Square Garden Entertainment Corp. (NYSE:MSGE) Stock Holdings Lessened by Vanguard Group Inc.

Vanguard Group Inc. trimmed its stake in Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) by 32.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,985,425 shares of the company's stock after selling 1,880,509 shares during the period. Vanguard Group Inc. owned 9.70% of Madison Square Garden Entertainment worth $131,160,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSGE. DekaBank Deutsche Girozentrale purchased a new stake in Madison Square Garden Entertainment in the 3rd quarter worth $43,000. Lazard Asset Management LLC purchased a new stake in Madison Square Garden Entertainment in the 3rd quarter worth $43,000. National Bank of Canada FI increased its stake in Madison Square Garden Entertainment by 359.3% in the 3rd quarter. National Bank of Canada FI now owns 1,534 shares of the company's stock worth $50,000 after buying an additional 1,200 shares in the last quarter. US Bancorp DE increased its stake in Madison Square Garden Entertainment by 71.4% in the 2nd quarter. US Bancorp DE now owns 2,047 shares of the company's stock worth $62,000 after buying an additional 853 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Madison Square Garden Entertainment in the 1st quarter worth $62,000. 96.86% of the stock is currently owned by hedge funds and other institutional investors.

Madison Square Garden Entertainment Stock Up 0.1 %

MSGE stock traded up $0.05 during trading on Wednesday, reaching $39.70. The company's stock had a trading volume of 647,270 shares, compared to its average volume of 513,364. Madison Square Garden Entertainment Corp. has a 1 year low of $27.55 and a 1 year high of $40.81. The company has a market capitalization of $1.63 billion and a P/E ratio of 26.03. The company's fifty day moving average is $37.08 and its 200-day moving average is $33.39.

Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $2.59 EPS for the quarter, beating the consensus estimate of $1.90 by $0.69. Madison Square Garden Entertainment had a net margin of 8.03% and a negative return on equity of 94.05%. The business had revenue of $402.67 million during the quarter, compared to the consensus estimate of $385.92 million. During the same quarter in the prior year, the firm earned $1.95 EPS. The business's revenue was up 13.1% on a year-over-year basis. Analysts anticipate that Madison Square Garden Entertainment Corp. will post 1.08 earnings per share for the current year.

Insider Buying and Selling at Madison Square Garden Entertainment

In related news, CEO James Lawrence Dolan sold 28,796 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $37.71, for a total value of $1,085,897.16. Following the completion of the transaction, the chief executive officer now owns 292,143 shares of the company's stock, valued at approximately $11,016,712.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 190,080 shares of company stock valued at $7,221,633 in the last 90 days. Insiders own 18.72% of the company's stock.

Madison Square Garden Entertainment Company Profile

Madison Square Garden Entertainment Corp. engages in live entertainment business. The company produces, presents, and hosts live entertainment events, including concerts, sports events, and other live events, such as family shows, performing arts events, and special events. Its operations include a collection of venues, the entertainment and sports bookings business, and the Christmas Spectacular Starring the Radio City Rockettes production.