Seaport Res Ptn Analysts Lower Earnings Estimates for MSGE

Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) - Equities research analysts at Seaport Res Ptn decreased their FY2025 EPS estimates for Madison Square Garden Entertainment in a research report issued on Wednesday, July 9th. Seaport Res Ptn analyst D. Joyce now expects that the company will earn $0.96 per share for the year, down from their prior estimate of $1.01. The consensus estimate for Madison Square Garden Entertainment's current full-year earnings is $1.04 per share.

Several other equities analysts have also weighed in on MSGE. Susquehanna started coverage on shares of Madison Square Garden Entertainment in a report on Monday, April 28th. They issued a "positive" rating and a $39.00 price objective on the stock. The Goldman Sachs Group increased their price objective on shares of Madison Square Garden Entertainment from $36.00 to $41.00 and gave the company a "buy" rating in a report on Wednesday, May 7th.

Madison Square Garden Entertainment Trading Up 2.4%

NYSE MSGE traded up $0.96 during trading hours on Friday, hitting $40.44. The company's stock had a trading volume of 272,005 shares, compared to its average volume of 341,582. The stock has a fifty day moving average of $37.82 and a 200 day moving average of $35.30. Madison Square Garden Entertainment has a twelve month low of $28.29 and a twelve month high of $44.14. The firm has a market capitalization of $1.64 billion, a P/E ratio of 14.76 and a beta of 0.45. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 60.61.

Hedge Funds Weigh In On Madison Square Garden Entertainment

Several large investors have recently bought and sold shares of the business. KBC Group NV bought a new stake in Madison Square Garden Entertainment in the first quarter valued at approximately $31,000. SG Americas Securities LLC bought a new stake in Madison Square Garden Entertainment in the first quarter valued at approximately $556,000. Alliancebernstein L.P. increased its stake in Madison Square Garden Entertainment by 81.7% in the fourth 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 in the last quarter. Bank of America Corp DE increased its stake in Madison Square Garden Entertainment by 1.5% in the fourth quarter. Bank of America Corp DE now owns 585,638 shares of the company's stock valued at $20,849,000 after purchasing an additional 8,592 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Madison Square Garden Entertainment by 77.5% in the fourth quarter. JPMorgan Chase & Co. now owns 139,742 shares of the company's stock valued at $4,975,000 after purchasing an additional 61,028 shares in the last quarter. 96.86% of the stock is currently owned by institutional investors and hedge funds.

About Madison Square Garden 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.