Systematic Financial Management LP Has $32.73 Million Stock Holdings in MSG Entertainment (NYSE:MSGE)

Systematic Financial Management LP boosted its position in MSG Entertainment (NYSE:MSGE - Free Report) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 919,477 shares of the company's stock after buying an additional 27,984 shares during the quarter. Systematic Financial Management LP owned approximately 1.91% of MSG Entertainment worth $32,733,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Ariel Investments LLC boosted its position in shares of MSG Entertainment by 14.5% in the fourth quarter. Ariel Investments LLC now owns 7,604,543 shares of the company's stock valued at $270,722,000 after acquiring an additional 964,657 shares during the period. Norges Bank bought a new position in MSG Entertainment during the fourth quarter worth $13,454,000. Jericho Capital Asset Management L.P. raised its stake in MSG Entertainment by 10.9% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 2,733,724 shares of the company's stock valued at $97,321,000 after purchasing an additional 268,000 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in MSG Entertainment by 81.7% in the 4th quarter. Alliancebernstein L.P. now owns 413,042 shares of the company's stock valued at $14,704,000 after purchasing an additional 185,670 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in MSG Entertainment by 108.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 350,829 shares of the company's stock valued at $12,490,000 after purchasing an additional 182,478 shares during the period. Institutional investors own 96.86% of the company's stock.

MSG Entertainment Price Performance

Shares of MSGE stock traded up $0.11 during mid-day trading on Thursday, reaching $36.71. The company's stock had a trading volume of 73,122 shares, compared to its average volume of 355,416. The firm's 50-day moving average is $33.30 and its two-hundred day moving average is $34.91. The company has a market cap of $1.49 billion, a P/E ratio of 13.94, a PEG ratio of 5.09 and a beta of 0.22. MSG Entertainment has a 1-year low of $28.29 and a 1-year high of $44.14. The company has a debt-to-equity ratio of 56.61, a quick ratio of 0.54 and a current ratio of 0.54.

Analyst Ratings Changes

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

Insider Activity

In other news, insider F. Dolan 2009 Revocabl Charles sold 67,143 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.96, for a total value of $2,078,747.28. Following the completion of the transaction, the insider now directly owns 6,015 shares of the company's stock, valued at approximately $186,224.40. This represents a 91.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 17.85% of the stock is owned by company insiders.

MSG Entertainment Company Profile

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.