13,183 Shares in Madison Square Garden Entertainment Corp. (NYSE:MSGE) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 13,183 shares of the company’s stock, valued at approximately $561,000.

A number of other large investors have also added to or reduced their stakes in the company. Quent Capital LLC grew its position in shares of Madison Square Garden Entertainment by 913.8% in the 3rd quarter. Quent Capital LLC now owns 659 shares of the company’s stock worth $28,000 after buying an additional 594 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Madison Square Garden Entertainment by 101.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,236 shares of the company’s stock valued at $207,000 after acquiring an additional 2,639 shares in the last quarter. OFI Invest Asset Management purchased a new position in Madison Square Garden Entertainment during the 2nd quarter valued at $251,000. Cannon Global Investment Management LLC bought a new position in Madison Square Garden Entertainment in the 3rd quarter worth $259,000. Finally, Marshall Wace LLP lifted its position in shares of Madison Square Garden Entertainment by 5.8% in the 2nd quarter. Marshall Wace LLP now owns 7,800 shares of the company’s stock worth $267,000 after purchasing an additional 426 shares during the period. Institutional investors own 96.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MSGE shares. Morgan Stanley reduced their price target 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. Bank of America raised 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. Guggenheim dropped their price target on Madison Square Garden Entertainment from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, Macquarie cut 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

Madison Square Garden Entertainment Stock Up 1.0 %

Shares of MSGE opened at $36.99 on Friday. Madison Square Garden Entertainment Corp. has a twelve month low of $29.71 and a twelve month high of $44.14. The company has a market capitalization of $1.78 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 3.34 and a beta of 0.17. The firm has a 50 day moving average of $40.43 and a 200 day moving average of $38.43.

Madison Square Garden Entertainment (NYSE:MSGE) last posted its earnings results on Friday, November 8th. The company reported ($0.40) EPS for the quarter, topping analysts’ consensus estimates of ($0.79) by $0.39. The business had revenue of $138.70 million during the quarter, compared to analyst estimates of $139.46 million. Madison Square Garden Entertainment had a negative return on equity of 261.70% and a net margin of 18.38%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.73) EPS. On average, sell-side analysts expect that Madison Square Garden Entertainment Corp. will post 1.58 EPS for the current year.

Insiders Place Their Bets

In related 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 32.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 17.85% of the stock is owned by 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.