Bleakley Financial Group LLC increased its stake in shares of MSG Entertainment (NYSE:MSGE – Free Report) by 16.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,320 shares of the company’s stock after acquiring an additional 1,178 shares during the period. Bleakley Financial Group LLC’s holdings in MSG Entertainment were worth $296,000 as of its most recent filing with the SEC.
Separately, Exchange Traded Concepts LLC increased its holdings in shares of MSG Entertainment by 111.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 29,860 shares of the company’s stock valued at $1,063,000 after acquiring an additional 15,756 shares during the last quarter. 96.86% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Macquarie reissued an “outperform” rating and set a $45.00 price objective on shares of MSG Entertainment in a report on Monday.
MSG Entertainment Stock Performance
Shares of NYSE MSGE opened at $38.04 on Wednesday. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 3.26 and a beta of 0.05. The business’s 50-day simple moving average is $35.44 and its 200-day simple moving average is $38.47. MSG Entertainment has a 52 week low of $32.40 and a 52 week high of $44.14.
MSG Entertainment (NYSE:MSGE – Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.60). MSG Entertainment had a net margin of 13.15% and a negative return on equity of 227.66%. As a group, equities research analysts forecast that MSG Entertainment will post 1.58 earnings per share for the current year.
MSG Entertainment 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.
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