Radnor Capital Management LLC Grows Holdings in Madison Square Garden Entertainment Corp. (NYSE:MSGE)

Radnor Capital Management LLC grew its stake in shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,845 shares of the company’s stock after buying an additional 1,125 shares during the quarter. Radnor Capital Management LLC owned 0.06% of Madison Square Garden Entertainment worth $896,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Jericho Capital Asset Management L.P. purchased a new stake in Madison Square Garden Entertainment during the third quarter valued at about $62,652,000. Walleye Capital LLC lifted its position in Madison Square Garden Entertainment by 11.2% in the 3rd quarter. Walleye Capital LLC now owns 536,644 shares of the company’s stock worth $17,661,000 after buying an additional 53,967 shares during the last quarter. Norges Bank purchased a new stake in Madison Square Garden Entertainment in the fourth quarter worth approximately $14,980,000. Assenagon Asset Management S.A. purchased a new stake in Madison Square Garden Entertainment in the fourth quarter worth approximately $8,970,000. Finally, Kettle Hill Capital Management LLC grew its position in Madison Square Garden Entertainment by 228.5% during the third quarter. Kettle Hill Capital Management LLC now owns 192,500 shares of the company’s stock valued at $6,335,000 after acquiring an additional 133,899 shares during the last quarter. 96.86% of the stock is owned by institutional investors.

Madison Square Garden Entertainment Stock Performance

Shares of MSGE opened at $33.63 on Monday. Madison Square Garden Entertainment Corp. has a fifty-two week low of $27.55 and a fifty-two week high of $41.58. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 3.92 and a beta of 0.21. The firm has a 50 day moving average price of $36.64 and a 200-day moving average price of $35.75.

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

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.