Russell Investments Group Ltd. reduced its stock holdings in Madison Square Garden Entertainment Corp. (NYSE:MSGE)
Russell Investments Group Ltd. reduced its stake in shares of Madison Square Garden Entertainment Corp. (NYSE: MSGE – Get Rating) by 17.0% during the fourth quarter, according to the company in its most recent communication with the Securities & Exchange Commission. The company held 24,249 shares of the company after selling 4,971 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Madison Square Garden Entertainment worth $1,090,000 at the end of the most recent reporting period.
Other big investors have also been buying and selling shares of the company recently. Rockefeller Capital Management LP increased its stake in Madison Square Garden Entertainment by 82.8% during the third quarter. Rockefeller Capital Management LP now owns 649 shares of the company valued at $28,000 after buying an additional 294 shares last quarter. Point72 Hong Kong Ltd bought a new stock position in Madison Square Garden Entertainment in Q1 for a value of around $62,000. Great West Life Assurance Co. Can bought a new stock position in Madison Square Garden Entertainment in Q3 for a value of approximately $58,000. Tower Research Capital LLC TRC increased its position in Madison Square Garden Entertainment by 40.1% in Q3. Tower Research Capital LLC TRC now owns 1,800 shares of the company valued at $79,000 after purchasing an additional 515 shares in the last quarter. Finally, Neuberger Berman Group LLC purchased a new stake in Madison Square Garden Entertainment in Q1 valued at approximately $201,000. Hedge funds and other institutional investors own 73.28% of the company’s shares.
Insider Buying and Selling at Madison Square Garden Entertainment
In other Madison Square Garden Entertainment news, director Isiah Thomas III sold 931 shares of Madison Square Garden Entertainment in a deal that took place on Thursday, March 9. 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, accessible via the SEC’s website. Company insiders hold 24.60% of the company’s stock.
Wall Street analysts predict growth
Several research companies commented on MSGE. Morgan Stanley raised its price target on Madison Square Garden Entertainment shares from $50.00 to $70.00 and gave the company an “equal weight” rating in a Friday, Feb. 10 research note. Guggenheim dropped coverage on Madison Square Garden Entertainment stocks in a Wednesday, May 17 research note. They issued a “buy” rating and a price target of $37.00 on the stock. Finally, Seaport Res Ptn reaffirmed a “buy” rating on Madison Square Garden Entertainment shares in a Sunday, April 23 research note. Three investment analysts gave the stock a hold rating and two gave the company a buy rating. According to data from MarketBeat.com, Madison Square Garden Entertainment currently has an average rating of “Hold” and a consensus price target of $56.20.
Madison Square Garden Entertainment Stock Performance
MSGE stock opened at $35.71 on Friday. The company has a 50-day simple moving average of $44.97 and a 200-day simple moving average of $48.06. Madison Square Garden Entertainment Corp. has a 52-week low of $28.09 and a 52-week high of $39.19.
Madison Square Garden Entertainment Company Profile (Get Review)
Madison Square Garden Entertainment Corp. is active in the entertainment sector. 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, horse riding professional bullfighting, mixed martial arts, electronic sports and wrestling. in its venues, including The Garden, Hulu Theatre, Radio City Music Hall and Beacon Theater in New York; and the Chicago Theater.
See also
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