Madison Square Garden Entertainment Sees Unusually High Options Volume (NYSE:SPHR)

Madison Square Garden Entertainment Corp. (NYSE:SPHR – Get Rating) was the recipient of some unusual options trading on Tuesday. Stock traders purchased 4,026 call options on the company. This represents an increase of approximately 265% compared to the average volume of 1,104 call options.

Analysts Set New Price Targets

SPHR has been the topic of a number of research reports. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Madison Square Garden Entertainment in a research report on Monday, April 24th. Guggenheim downgraded Madison Square Garden Entertainment from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $78.00 to $25.00 in a report on Monday.

Madison Square Garden Entertainment Trading Down 2.4 %

Shares of Madison Square Garden Entertainment stock opened at $21.53 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $743.95 million, a PE ratio of -5.40 and a beta of 1.26. Madison Square Garden Entertainment has a 12 month low of $20.68 and a 12 month high of $69.97.

About Madison Square Garden Entertainment

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Madison Square Garden Entertainment Corp. provides entertainment experiences. The Company presents or hosts events in its diverse collection of venues: New York’s Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; the Forum in Inglewood, CA and The Chicago Theatre.