6,198 Shares in MSG Entertainment (NYSE:MSGE) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new stake in MSG Entertainment (NYSE:MSGE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,198 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its stake in shares of MSG Entertainment by 111.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 29,860 shares of the company’s stock valued at $1,063,000 after acquiring an additional 15,756 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in MSG Entertainment by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 339,977 shares of the company’s stock worth $12,103,000 after purchasing an additional 5,677 shares during the period. Y Intercept Hong Kong Ltd raised its position in MSG Entertainment by 131.7% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 15,802 shares of the company’s stock valued at $563,000 after purchasing an additional 8,983 shares in the last quarter. Swiss National Bank raised its position in MSG Entertainment by 0.9% during the 4th quarter. Swiss National Bank now owns 76,959 shares of the company’s stock valued at $2,740,000 after purchasing an additional 700 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of MSG Entertainment in the 4th quarter worth $471,000. 96.86% of the stock is currently owned by institutional investors.

MSG Entertainment Stock Down 0.4 %

MSG Entertainment stock opened at $33.75 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 56.61. The firm has a market cap of $1.38 billion, a P/E ratio of 12.83, a P/E/G ratio of 5.09 and a beta of 0.11. The business has a fifty day moving average of $34.93 and a two-hundred day moving average of $37.23. MSG Entertainment has a twelve month low of $30.01 and a twelve month high of $44.14.

MSG Entertainment (NYSE:MSGE) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.60). MSG Entertainment had a negative return on equity of 323.63% and a net margin of 13.15%. On average, analysts forecast that MSG Entertainment will post 1.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wolfe Research upgraded MSG Entertainment from a “peer perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a research note on Tuesday, March 11th. Macquarie reissued an “outperform” rating and set a $45.00 target price on shares of MSG Entertainment in a research report on Monday, February 10th.

Insider Buying and Selling at MSG Entertainment

In other MSG Entertainment news, insider F. Dolan 2009 Revocabl Charles sold 67,143 shares of MSG Entertainment stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.96, for a total value of $2,078,747.28. Following the transaction, the insider now directly owns 6,015 shares of the company’s stock, valued at approximately $186,224.40. The trade was a 91.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.85% of the company’s stock.

MSG Entertainment Profile

Madison Square Garden Entertainment Corp. engages in the provision of entertainment services. Its portfolio of venues includes The Garden, Radio City Music Hall, the Beacon Theatre, The Theater at Madison Square, and The Chicago Theatre. The company was founded in 1879 and is headquartered in New York, NY.