Dimensional Fund Advisors LP Has $34.51 Million Stock Position in Madison Square Garden Entertainment Corp. (NYSE:MSGE)

Dimensional Fund Advisors LP reduced its position in shares of Madison Square Garden Entertainment Corp. (NYSE:MSGEFree Report) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,085,474 shares of the company’s stock after selling 2,023 shares during the period. Dimensional Fund Advisors LP owned approximately 2.64% of Madison Square Garden Entertainment worth $34,507,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MSGE. Commonwealth Equity Services LLC acquired a new position in Madison Square Garden Entertainment during the third quarter valued at approximately $211,000. Arizona State Retirement System raised its position in Madison Square Garden Entertainment by 16.3% during the third quarter. Arizona State Retirement System now owns 8,800 shares of the company’s stock valued at $290,000 after purchasing an additional 1,233 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Madison Square Garden Entertainment during the third quarter valued at approximately $43,000. WINTON GROUP Ltd acquired a new position in Madison Square Garden Entertainment during the third quarter valued at approximately $308,000. Finally, Monashee Investment Management LLC increased its holdings in shares of Madison Square Garden Entertainment by 750.0% during the third quarter. Monashee Investment Management LLC now owns 85,000 shares of the company’s stock worth $2,797,000 after buying an additional 75,000 shares in the last quarter. 96.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO James Lawrence Dolan sold 100,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $38.20, for a total value of $3,820,000.00. Following the completion of the transaction, the chief executive officer now directly owns 192,143 shares in the company, valued at approximately $7,339,862.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.72% of the stock is owned by corporate insiders.

Madison Square Garden Entertainment Stock Performance

Shares of MSGE opened at $35.54 on Friday. Madison Square Garden Entertainment Corp. has a 52 week low of $27.55 and a 52 week high of $41.58. The stock has a market capitalization of $1.46 billion and a price-to-earnings ratio of 30.12. The stock has a fifty day moving average of $38.22 and a 200-day moving average of $35.34.

Madison Square Garden Entertainment (NYSE:MSGEGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Madison Square Garden Entertainment had a negative return on equity of 53.05% and a net margin of 5.74%. The company had revenue of $228.30 million during the quarter, compared to analysts’ expectations of $227.63 million. During the same period in the prior year, the company earned $0.42 EPS. Madison Square Garden Entertainment’s revenue was up 13.5% compared to the same quarter last year. As a group, equities analysts forecast that Madison Square Garden Entertainment Corp. will post 1.23 EPS for the current year.

Madison Square Garden Entertainment Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Madison Square Garden Entertainment (NYSE:MSGE)

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