Madison Square Garden Entertainment Corp. (NYSE:MSGE) Shares Purchased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC increased its holdings in shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE) by 91.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 521,686 shares of the company’s stock after acquiring an additional 249,747 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 1.16% of Madison Square Garden Entertainment worth $16,290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Westside Investment Management Inc. boosted its holdings in Madison Square Garden Entertainment by 46.1% in the 2nd quarter. Westside Investment Management Inc. now owns 1,128 shares of the company’s stock valued at $36,000 after purchasing an additional 356 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Madison Square Garden Entertainment by 71.4% in the 2nd quarter. US Bancorp DE now owns 2,047 shares of the company’s stock worth $62,000 after acquiring an additional 853 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Madison Square Garden Entertainment in the 1st quarter worth approximately $62,000. Tower Research Capital LLC TRC lifted its holdings in shares of Madison Square Garden Entertainment by 40.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,800 shares of the company’s stock worth $79,000 after acquiring an additional 515 shares during the last quarter. Finally, Dark Forest Capital Management LP increased its stake in Madison Square Garden Entertainment by 3,687.0% during the 1st quarter. Dark Forest Capital Management LP now owns 2,045 shares of the company’s stock worth $121,000 after buying an additional 1,991 shares during the period. 70.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MSGE shares. Guggenheim upped their target price on shares of Madison Square Garden Entertainment from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Bank of America started coverage on shares of Madison Square Garden Entertainment in a research note on Tuesday, August 22nd. They set a “buy” rating and a $41.00 target price on the stock. Morgan Stanley cut their target price on shares of Madison Square Garden Entertainment from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Friday, September 1st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Madison Square Garden Entertainment from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.83.

Madison Square Garden Entertainment Trading Up 2.0 %

Shares of NYSE:MSGE traded up $0.59 during trading hours on Friday, reaching $30.64. The stock had a trading volume of 493,189 shares, compared to its average volume of 510,796. Madison Square Garden Entertainment Corp. has a 1 year low of $27.55 and a 1 year high of $40.81. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 14.79. The firm’s 50 day moving average is $31.49 and its 200-day moving average is $33.12.

Madison Square Garden Entertainment (NYSE:MSGE) last issued its quarterly earnings results on Friday, August 18th. The company reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.16. The firm had revenue of $147.90 million for the quarter, compared to analysts’ expectations of $140.52 million. The company’s revenue was down 17.0% compared to the same quarter last year. On average, analysts forecast that Madison Square Garden Entertainment Corp. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Entertainment Co. Sphere sold 8,221,188 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $31.20, for a total value of $256,501,065.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 18.72% of the company’s stock.

About Madison Square Garden Entertainment

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.