Allspring Global Investments Holdings LLC Has $1.90 Million Holdings in Madison Square Garden Entertainment Corp. (NYSE:MSGE)

Allspring Global Investments Holdings LLC decreased its stake in Madison Square Garden Entertainment Corp. (NYSE:MSGE) by 44.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 59,866 shares of the company’s stock after selling 47,976 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Madison Square Garden Entertainment were worth $1,903,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. DekaBank Deutsche Girozentrale acquired a new stake in shares of Madison Square Garden Entertainment during the third quarter worth approximately $43,000. Lazard Asset Management LLC bought a new stake in Madison Square Garden Entertainment during the 3rd quarter worth approximately $43,000. National Bank of Canada FI increased its holdings in Madison Square Garden Entertainment by 359.3% during the 3rd quarter. National Bank of Canada FI now owns 1,534 shares of the company’s stock valued at $50,000 after purchasing an additional 1,200 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Madison Square Garden Entertainment in the 1st quarter valued at $62,000. Finally, Tower Research Capital LLC TRC raised its position in Madison Square Garden Entertainment by 40.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,800 shares of the company’s stock valued at $79,000 after purchasing an additional 515 shares during the last quarter. Institutional investors and hedge funds own 96.86% of the company’s stock.

Madison Square Garden Entertainment Stock Performance

Shares of NYSE:MSGE opened at $37.94 on Monday. The business has a fifty day moving average of $38.26 and a 200-day moving average of $33.96. The firm has a market cap of $1.56 billion and a PE ratio of 24.64. Madison Square Garden Entertainment Corp. has a twelve month low of $27.55 and a twelve month high of $40.81.

Madison Square Garden Entertainment (NYSE:MSGE) last released its earnings results on Wednesday, February 7th. The company reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.69. Madison Square Garden Entertainment had a net margin of 8.03% and a negative return on equity of 94.05%. The company had revenue of $402.67 million for the quarter, compared to the consensus estimate of $385.92 million. During the same period in the prior year, the company posted $1.95 EPS. The company’s revenue was up 13.1% compared to the same quarter last year. On average, analysts anticipate that Madison Square Garden Entertainment Corp. will post 1.08 EPS for the current fiscal year.

Insider Transactions at Madison Square Garden Entertainment

In other Madison Square Garden Entertainment news, CEO James Lawrence Dolan sold 24,284 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $37.31, for a total value of $906,036.04. Following the completion of the transaction, the chief executive officer now directly owns 360,242 shares of the company’s stock, valued at $13,440,629.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 190,080 shares of company stock valued at $7,221,633 over the last three months. 18.72% of the stock is currently owned by corporate insiders.

About Madison Square Garden Entertainment

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.