Radnor Capital Management LLC Makes New $1.01 Million Investment in Madison Square Garden Entertainment Corp. (NYSE:MSGE)

Radnor Capital Management LLC purchased a new position in Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,620 shares of the company's stock, valued at approximately $1,005,000. Radnor Capital Management LLC owned 0.06% of Madison Square Garden Entertainment as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in shares of Madison Square Garden Entertainment during the first quarter valued at about $905,000. Russell Investments Group Ltd. grew its stake in Madison Square Garden Entertainment by 110.7% during the 1st quarter. Russell Investments Group Ltd. now owns 104,538 shares of the company's stock valued at $4,099,000 after purchasing an additional 54,918 shares in the last quarter. ProShare Advisors LLC increased its holdings in Madison Square Garden Entertainment by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 7,143 shares of the company's stock worth $280,000 after purchasing an additional 561 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Madison Square Garden Entertainment during the 1st quarter valued at approximately $287,000. Finally, Seven Eight Capital LP acquired a new stake in shares of Madison Square Garden Entertainment during the first quarter worth approximately $533,000. Institutional investors and hedge funds own 96.86% of the company's stock.

Insider Transactions at Madison Square Garden Entertainment

In other Madison Square Garden Entertainment news, EVP Philip Gerard D'ambrosio sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $42.43, for a total value of $254,580.00. Following the sale, the executive vice president now owns 12,192 shares in the company, valued at approximately $517,306.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 18.72% of the company's stock.

Analyst Ratings Changes

MSGE has been the topic of several recent analyst reports. Bank of America upped their price target on shares of Madison Square Garden Entertainment from $43.00 to $48.00 and gave the company a "buy" rating in a report on Monday, August 19th. The Goldman Sachs Group raised shares of Madison Square Garden Entertainment from a "neutral" rating to a "buy" rating and increased their price target for the stock from $41.00 to $45.00 in a research report on Wednesday, July 24th. Morgan Stanley boosted their price objective on Madison Square Garden Entertainment from $42.00 to $45.00 and gave the company an "equal weight" rating in a report on Monday, August 19th. Finally, Macquarie increased their target price on Madison Square Garden Entertainment from $46.00 to $47.00 and gave the stock an "outperform" rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Madison Square Garden Entertainment has a consensus rating of "Moderate Buy" and an average target price of $44.20.

Madison Square Garden Entertainment Trading Down 0.6 %

MSGE traded down $0.24 on Thursday, hitting $43.08. 427,129 shares of the company's stock were exchanged, compared to its average volume of 395,710. The stock has a fifty day moving average of $41.69 and a two-hundred day moving average of $38.65. Madison Square Garden Entertainment Corp. has a twelve month low of $28.29 and a twelve month high of $44.14. The firm has a market cap of $1.79 billion, a PE ratio of 14.04, a P/E/G ratio of 3.51 and a beta of 0.17.

Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last announced its quarterly earnings results on Friday, August 16th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $1.97. Madison Square Garden Entertainment had a negative return on equity of 138.81% and a net margin of 15.04%. The business had revenue of $186.10 million for the quarter, compared to the consensus estimate of $173.26 million. During the same quarter last year, the business posted ($0.47) EPS. The business's revenue was up 25.8% on a year-over-year basis. On average, analysts predict that Madison Square Garden Entertainment Corp. will post 1.66 EPS for the current year.

Madison Square Garden Entertainment 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.