New York State Common Retirement Fund Sells 49,506 Shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE)

New York State Common Retirement Fund decreased its holdings in shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) by 10.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 422,764 shares of the company's stock after selling 49,506 shares during the quarter. New York State Common Retirement Fund owned approximately 1.03% of Madison Square Garden Entertainment worth $13,440,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MSGE. SG Americas Securities LLC acquired a new position in Madison Square Garden Entertainment during the third quarter worth $1,084,000. Exchange Traded Concepts LLC acquired a new stake in Madison Square Garden Entertainment in the third quarter valued at $449,000. Handelsbanken Fonder AB acquired a new stake in Madison Square Garden Entertainment in the third quarter valued at $191,000. Commonwealth Equity Services LLC acquired a new stake in Madison Square Garden Entertainment in the third quarter valued at $211,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Madison Square Garden Entertainment by 1,010.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 107,842 shares of the company's stock valued at $3,549,000 after acquiring an additional 98,130 shares during the last quarter. Institutional investors and hedge funds own 96.86% of the company's stock.

Madison Square Garden Entertainment Price Performance

MSGE stock traded down $0.95 during trading hours on Tuesday, reaching $39.15. The stock had a trading volume of 281,269 shares, compared to its average volume of 468,829. The stock has a market capitalization of $1.61 billion and a PE ratio of 26.04. The stock has a 50-day simple moving average of $38.53 and a 200 day simple moving average of $34.25. Madison Square Garden Entertainment Corp. has a fifty-two week low of $27.55 and a fifty-two week high of $40.81.

Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $2.59 EPS for the quarter, beating analysts' consensus estimates of $1.90 by $0.69. The firm had revenue of $402.67 million during the quarter, compared to analysts' expectations of $385.92 million. Madison Square Garden Entertainment had a net margin of 8.03% and a negative return on equity of 94.05%. The company's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.95 earnings per share. On average, sell-side analysts forecast that Madison Square Garden Entertainment Corp. will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling at Madison Square Garden Entertainment

In other news, CEO James Lawrence Dolan sold 28,796 shares of the firm's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $37.71, for a total transaction of $1,085,897.16. Following the completion of the sale, the chief executive officer now owns 292,143 shares in the company, valued at approximately $11,016,712.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 190,080 shares of company stock worth $7,221,633 over the last quarter. 18.72% of the stock is currently owned by insiders.

About Madison Square Garden Entertainment

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.