Wilmington Savings Fund Society FSB Has $191,000 Stock Holdings in MSG Entertainment (NYSE:MSGE)

Wilmington Savings Fund Society FSB lessened its holdings in MSG Entertainment (NYSE:MSGE) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,362 shares of the company’s stock after selling 329 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in MSG Entertainment were worth $191,000 as of its most recent SEC filing.

Separately, Bleakley Financial Group LLC boosted its holdings in shares of MSG Entertainment by 16.5% in the 4th quarter. Bleakley Financial Group LLC now owns 8,320 shares of the company’s stock valued at $296,000 after purchasing an additional 1,178 shares in the last quarter. 96.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Macquarie reaffirmed an “outperform” rating and issued a $45.00 target price on shares of MSG Entertainment in a report on Monday.

MSG Entertainment Stock Performance

Shares of MSGE opened at $38.47 on Thursday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 3.26 and a beta of 0.05. MSG Entertainment has a 52 week low of $32.40 and a 52 week high of $44.14. The stock has a fifty day moving average of $35.42 and a 200-day moving average of $38.46.

MSG Entertainment (NYSE:MSGE) last announced its earnings results on Thursday, February 6th. The company reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.60). MSG Entertainment had a negative return on equity of 227.66% and a net margin of 13.15%. As a group, equities analysts forecast that MSG Entertainment will post 1.58 EPS for the current year.

About MSG Entertainment

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.