Principal Financial Group Inc. Has $712,000 Stake in MSG Entertainment (NYSE:MSGE)

Principal Financial Group Inc. grew its position in MSG Entertainment (NYSE:MSGE) by 8.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,011 shares of the company’s stock after buying an additional 1,479 shares during the quarter. Principal Financial Group Inc.’s holdings in MSG Entertainment were worth $712,000 as of its most recent SEC filing.

Separately, Bleakley Financial Group LLC boosted its stake in MSG Entertainment by 16.5% in the fourth quarter. Bleakley Financial Group LLC now owns 8,320 shares of the company’s stock valued at $296,000 after buying an additional 1,178 shares in the last quarter. 96.86% of the stock is currently owned by institutional investors and hedge funds.

MSG Entertainment Price Performance

Shares of NYSE:MSGE opened at $32.25 on Friday. The firm has a 50 day simple moving average of $35.68 and a 200 day simple moving average of $38.19. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 5.09 and a beta of 0.11. MSG Entertainment has a one year low of $32.22 and a one year high of $44.14. The company has a debt-to-equity ratio of 56.61, a current ratio of 0.54 and a quick ratio of 0.54.

MSG Entertainment (NYSE:MSGE) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.60). MSG Entertainment had a net margin of 13.15% and a negative return on equity of 323.63%. Research analysts predict that MSG Entertainment will post 1.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Macquarie reissued an “outperform” rating and set a $45.00 target price on shares of MSG Entertainment in a research note on Monday, February 10th.

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.