Seizert Capital Partners LLC Decreases Stock Position in Madison Square Garden Entertainment Corp. (NYSE:MSGE)

Seizert Capital Partners LLC decreased its stake in Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) by 44.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,482 shares of the company's stock after selling 14,517 shares during the period. Seizert Capital Partners LLC's holdings in Madison Square Garden Entertainment were worth $786,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MSGE. Victory Capital Management Inc. increased its position in shares of Madison Square Garden Entertainment by 16.4% in the third quarter. Victory Capital Management Inc. now owns 17,503 shares of the company's stock valued at $744,000 after buying an additional 2,461 shares in the last quarter. Versor Investments LP purchased a new position in Madison Square Garden Entertainment during the 3rd quarter valued at about $396,000. Principal Financial Group Inc. acquired a new position in Madison Square Garden Entertainment during the third quarter worth about $788,000. Radnor Capital Management LLC purchased a new stake in shares of Madison Square Garden Entertainment in the third quarter valued at about $1,005,000. Finally, Cannon Global Investment Management LLC acquired a new stake in shares of Madison Square Garden Entertainment in the third quarter valued at approximately $259,000. Hedge funds and other institutional investors own 96.86% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Guggenheim reduced their target price on Madison Square Garden Entertainment from $49.00 to $48.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Bank of America boosted their target price on shares of Madison Square Garden Entertainment from $43.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, August 19th. The Goldman Sachs Group upgraded shares of Madison Square Garden Entertainment from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $41.00 to $45.00 in a report on Wednesday, July 24th. Morgan Stanley decreased their target price on shares of Madison Square Garden Entertainment from $45.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, November 11th. Finally, Macquarie reduced their price target on 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 issued a buy rating to the company. According to data from MarketBeat.com, Madison Square Garden Entertainment has an average rating of "Moderate Buy" and an average price target of $46.00.

Madison Square Garden Entertainment Trading Down 1.0 %

Shares of MSGE traded down $0.37 during mid-day trading on Monday, reaching $36.02. The company had a trading volume of 460,371 shares, compared to its average volume of 401,490. Madison Square Garden Entertainment Corp. has a fifty-two week low of $29.71 and a fifty-two week high of $44.14. The firm has a fifty day simple moving average of $41.28 and a 200-day simple moving average of $38.59. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 3.32 and a beta of 0.17.

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

Insider Buying and Selling at Madison Square Garden Entertainment

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 stock was sold at an average price of $42.43, for a total transaction of $254,580.00. Following the transaction, the executive vice president now owns 12,192 shares in the company, valued at $517,306.56. The trade was a 32.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.85% of the stock is currently owned by corporate insiders.

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.