Versor Investments LP Boosts Stock Holdings in Madison Square Garden Entertainment Corp. (NYSE:MSGE)

Versor Investments LP lifted its stake in shares of Madison Square Garden Entertainment Corp. (NYSE:MSGEFree Report) by 21.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,700 shares of the company’s stock after acquiring an additional 1,699 shares during the quarter. Versor Investments LP’s holdings in Madison Square Garden Entertainment were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of MSGE. National Bank of Canada FI increased its position in shares of Madison Square Garden Entertainment by 359.3% during the third quarter. National Bank of Canada FI now owns 1,534 shares of the company’s stock worth $50,000 after acquiring an additional 1,200 shares during the period. US Bancorp DE increased its holdings in Madison Square Garden Entertainment by 71.4% in the second quarter. US Bancorp DE now owns 2,047 shares of the company’s stock valued at $62,000 after buying an additional 853 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Madison Square Garden Entertainment in the first quarter valued at $62,000. Tower Research Capital LLC TRC increased its holdings in Madison Square Garden Entertainment by 40.1% in the third quarter. Tower Research Capital LLC TRC now owns 1,800 shares of the company’s stock valued at $79,000 after buying an additional 515 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in Madison Square Garden Entertainment by 57.5% in the second quarter. Osaic Holdings Inc. now owns 3,294 shares of the company’s stock valued at $89,000 after buying an additional 1,202 shares during the last quarter. Hedge funds and other institutional investors own 70.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on Madison Square Garden Entertainment from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.83.

Check Out Our Latest Stock Analysis on MSGE

Madison Square Garden Entertainment Stock Up 0.1 %

Shares of MSGE stock opened at $33.94 on Wednesday. The stock’s 50-day moving average is $31.70 and its two-hundred day moving average is $31.94. Madison Square Garden Entertainment Corp. has a 1 year low of $27.55 and a 1 year high of $40.81.

Madison Square Garden Entertainment (NYSE:MSGEGet Free Report) last issued its quarterly earnings data on Tuesday, November 7th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.23). The business had revenue of $142.21 million during the quarter, compared to the consensus estimate of $157.26 million. Research analysts forecast that Madison Square Garden Entertainment Corp. will post 0.62 earnings per share for the current year.

Madison Square Garden Entertainment Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Madison Square Garden Entertainment (NYSE:MSGE)

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