Swiss National Bank Boosts Stake in Madison Square Garden Entertainment Corp. (NYSE:MSGE)

Swiss National Bank raised its holdings in Madison Square Garden Entertainment Corp. (NYSE:MSGE – Get Rating) by 2.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 59,459 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Swiss National Bank’s holdings in Madison Square Garden Entertainment were worth $2,674,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Gabelli Funds LLC raised its holdings in Madison Square Garden Entertainment by 1.2% in the 3rd quarter. Gabelli Funds LLC now owns 637,420 shares of the company’s stock valued at $28,104,000 after acquiring an additional 7,525 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Madison Square Garden Entertainment during the 4th quarter worth $1,305,000. Systematic Financial Management LP increased its holdings in shares of Madison Square Garden Entertainment by 1.2% during the 3rd quarter. Systematic Financial Management LP now owns 379,955 shares of the company’s stock worth $16,752,000 after buying an additional 4,386 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of Madison Square Garden Entertainment by 13.0% during the 3rd quarter. Virtu Financial LLC now owns 6,822 shares of the company’s stock worth $301,000 after buying an additional 785 shares during the last quarter. Finally, Brinker Capital Investments LLC increased its holdings in shares of Madison Square Garden Entertainment by 15.4% during the 3rd quarter. Brinker Capital Investments LLC now owns 14,308 shares of the company’s stock worth $631,000 after buying an additional 1,912 shares during the last quarter. 73.28% of the stock is currently owned by institutional investors and hedge funds.

Madison Square Garden Entertainment Stock Down 0.5 %

Shares of Madison Square Garden Entertainment stock opened at $38.04 on Wednesday. The company has a fifty day moving average price of $45.71 and a 200 day moving average price of $48.23. Madison Square Garden Entertainment Corp. has a twelve month low of $28.09 and a twelve month high of $39.19.

Analyst Ratings Changes

A number of analysts have recently commented on MSGE shares. Guggenheim started coverage on Madison Square Garden Entertainment in a report on Wednesday, May 17th. They set a “buy” rating and a $37.00 price objective for the company. Seaport Res Ptn reaffirmed a “buy” rating on shares of Madison Square Garden Entertainment in a research report on Sunday, April 23rd. Finally, Morgan Stanley upped their price target on shares of Madison Square Garden Entertainment from $50.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $56.20.

Insider Buying and Selling at Madison Square Garden Entertainment

In other Madison Square Garden Entertainment news, Director Isiah Thomas III sold 931 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $58.48, for a total value of $54,444.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

About Madison Square Garden Entertainment

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Madison Square Garden Entertainment Corp. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre.