Madison Square Garden Entertainment Corp. (NYSE:MSGE) Holdings Raised by Barclays PLC

Barclays PLC increased its holdings in shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) by 295.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,045 shares of the company's stock after purchasing an additional 49,351 shares during the period. Barclays PLC owned 0.14% of Madison Square Garden Entertainment worth $2,809,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Marshall Wace LLP grew its holdings in Madison Square Garden Entertainment by 5.8% during the 2nd quarter. Marshall Wace LLP now owns 7,800 shares of the company's stock valued at $267,000 after purchasing an additional 426 shares in the last quarter. Quent Capital LLC increased its position in shares of Madison Square Garden Entertainment by 913.8% during the third quarter. Quent Capital LLC now owns 659 shares of the company's stock worth $28,000 after acquiring an additional 594 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Madison Square Garden Entertainment by 10.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,540 shares of the company's stock worth $292,000 after acquiring an additional 805 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in Madison Square Garden Entertainment by 7.8% in the second quarter. Panagora Asset Management Inc. now owns 20,706 shares of the company's stock valued at $709,000 after purchasing an additional 1,491 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC grew its stake in Madison Square Garden Entertainment by 11.6% during the 2nd quarter. Garden State Investment Advisory Services LLC now owns 16,665 shares of the company's stock valued at $570,000 after purchasing an additional 1,727 shares in the last quarter. 96.86% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Madison Square Garden Entertainment news, EVP Philip Gerard D'ambrosio sold 6,000 shares of the business's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $42.43, for a total transaction of $254,580.00. Following the completion of the transaction, the executive vice president now directly owns 12,192 shares of the company's stock, valued at $517,306.56. The trade was a 32.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.85% of the stock is owned by corporate insiders.

Madison Square Garden Entertainment Stock Performance

Shares of NYSE MSGE traded up $0.14 during midday trading on Wednesday, hitting $33.20. The company's stock had a trading volume of 147,858 shares, compared to its average volume of 407,670. The firm has a market cap of $1.60 billion, a P/E ratio of 9.07, a P/E/G ratio of 3.13 and a beta of -0.04. Madison Square Garden Entertainment Corp. has a 1-year low of $30.10 and a 1-year high of $44.14. The firm's fifty day moving average price is $38.17 and its 200-day moving average price is $38.41.

Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last issued its earnings results on Friday, November 8th. The company reported ($0.40) EPS for the quarter, beating analysts' consensus estimates of ($0.79) by $0.39. The company had revenue of $138.70 million during the quarter, compared to the consensus estimate of $139.46 million. Madison Square Garden Entertainment had a negative return on equity of 261.70% and a net margin of 18.38%. Madison Square Garden Entertainment's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.73) earnings per share. As a group, research analysts predict that Madison Square Garden Entertainment Corp. will post 1.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MSGE has been the subject of several research analyst reports. Morgan Stanley reduced their target price on Madison Square Garden Entertainment from $45.00 to $44.00 and set an "equal weight" rating for the company in a research note on Monday, November 11th. Guggenheim decreased their price objective on shares of Madison Square Garden Entertainment from $49.00 to $48.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Finally, Macquarie cut their target price on shares of Madison Square Garden Entertainment from $47.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $46.00.

Madison Square Garden Entertainment Company Profile

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.