Rhumbline Advisers decreased its holdings in MSG Entertainment (NYSE:MSGE – Free Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,162 shares of the company’s stock after selling 971 shares during the quarter. Rhumbline Advisers’ holdings in MSG Entertainment were worth $2,284,000 at the end of the most recent reporting period.
Separately, Bleakley Financial Group LLC increased its position in MSG Entertainment by 16.5% during 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 during the period. 96.86% of the stock is owned by institutional investors and hedge funds.
MSG Entertainment Stock Down 2.2 %
Shares of NYSE MSGE opened at $33.77 on Tuesday. The company’s fifty day simple moving average is $35.72 and its 200 day simple moving average is $38.32. MSG Entertainment has a 12-month low of $32.40 and a 12-month high of $44.14. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 56.61. The firm has a market cap of $1.38 billion, a PE ratio of 12.84, a P/E/G ratio of 5.09 and a beta of 0.05.
MSG Entertainment (NYSE:MSGE – Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.60). MSG Entertainment had a negative return on equity of 323.63% and a net margin of 13.15%. As a group, sell-side analysts forecast that MSG Entertainment will post 1.04 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, Macquarie reiterated an “outperform” rating and set a $45.00 price target on shares of MSG Entertainment in a report on Monday, February 10th.
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MSG Entertainment Company Profile
(Free Report)
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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