333,485 Shares in Madison Square Garden Entertainment Corp. (NYSE:MSGE) Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. bought a new position in shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 333,485 shares of the company’s stock, valued at approximately $13,076,000. Epoch Investment Partners Inc. owned approximately 0.81% of Madison Square Garden Entertainment at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in shares of Madison Square Garden Entertainment by 5.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,521 shares of the company’s stock valued at $271,000 after buying an additional 450 shares in the last quarter. ProShare Advisors LLC grew its position in Madison Square Garden Entertainment by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 7,143 shares of the company’s stock worth $280,000 after purchasing an additional 561 shares in the last quarter. Quent Capital LLC grew its position in Madison Square Garden Entertainment by 1,838.2% during the 1st quarter. Quent Capital LLC now owns 659 shares of the company’s stock worth $26,000 after purchasing an additional 625 shares in the last quarter. Russell Investments Group Ltd. grew its position in Madison Square Garden Entertainment by 1.8% during the 4th quarter. Russell Investments Group Ltd. now owns 49,620 shares of the company’s stock worth $1,577,000 after purchasing an additional 857 shares in the last quarter. Finally, Radnor Capital Management LLC grew its position in Madison Square Garden Entertainment by 5.2% during the 1st quarter. Radnor Capital Management LLC now owns 22,845 shares of the company’s stock worth $896,000 after purchasing an additional 1,125 shares in the last quarter. Institutional investors own 96.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Madison Square Garden Entertainment from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $41.00 to $45.00 in a research report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.20.

Check Out Our Latest Report on MSGE

Madison Square Garden Entertainment Stock Up 0.6 %

Madison Square Garden Entertainment stock opened at $38.91 on Monday. The company’s fifty day simple moving average is $35.42 and its 200-day simple moving average is $36.61. The stock has a market cap of $1.60 billion, a P/E ratio of 32.97, a P/E/G ratio of 4.03 and a beta of 0.18. Madison Square Garden Entertainment Corp. has a 12 month low of $27.55 and a 12 month high of $41.58.

Madison Square Garden Entertainment (NYSE:MSGE – Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $228.30 million for the quarter, compared to analysts’ expectations of $227.63 million. Madison Square Garden Entertainment had a net margin of 5.74% and a negative return on equity of 53.05%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. On average, equities research analysts expect that Madison Square Garden Entertainment Corp. will post 1.23 earnings per share for the current fiscal year.

Madison Square Garden Entertainment Profile

(Free Report)

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.

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