Deutsche Bank AG Buys 10,863 Shares of MSG Entertainment (NYSE:MSGE)

Deutsche Bank AG boosted its position in shares of MSG Entertainment (NYSE:MSGE) by 49.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,672 shares of the company’s stock after buying an additional 10,863 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of MSG Entertainment worth $1,163,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Sterling Capital Management LLC grew its stake in shares of MSG Entertainment by 785.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,133 shares of the company’s stock worth $40,000 after purchasing an additional 1,005 shares during the period. Tower Research Capital LLC TRC boosted its holdings in MSG Entertainment by 26.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,405 shares of the company’s stock worth $86,000 after buying an additional 504 shares during the last quarter. Pictet Asset Management Holding SA acquired a new position in shares of MSG Entertainment during the 4th quarter worth about $205,000. EntryPoint Capital LLC bought a new stake in shares of MSG Entertainment in the 4th quarter valued at about $221,000. Finally, Freestone Grove Partners LP bought a new stake in shares of MSG Entertainment in the 4th quarter valued at about $233,000. Institutional investors and hedge funds own 96.86% of the company’s stock.

MSG Entertainment Stock Performance

Shares of NYSE MSGE opened at $36.62 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 56.61. The company has a market capitalization of $1.49 billion, a P/E ratio of 13.92, a P/E/G ratio of 5.09 and a beta of 0.22. MSG Entertainment has a 12 month low of $28.29 and a 12 month high of $44.14. The stock has a 50 day moving average of $33.47 and a 200-day moving average of $34.73.

Analysts Set New Price Targets

A number of research firms have issued reports on MSGE. Wolfe Research raised MSG Entertainment from a “peer perform” rating to an “outperform” rating and set a $46.00 target price for the company in a research note on Tuesday, March 11th. Macquarie reiterated an “outperform” rating and issued a $45.00 price objective on shares of MSG Entertainment in a research report on Monday, February 10th. The Goldman Sachs Group increased their target price on MSG Entertainment from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Finally, Susquehanna began coverage on shares of MSG Entertainment in a research note on Monday, April 28th. They issued a “positive” rating and a $39.00 price target on the stock.

Insider Activity

In other MSG Entertainment news, insider F. Dolan 2009 Revocabl Charles sold 67,143 shares of MSG Entertainment stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.96, for a total value of $2,078,747.28. Following the transaction, the insider now owns 6,015 shares in the company, valued at $186,224.40. The trade was a 91.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 17.85% of the stock is currently owned by company insiders.

MSG Entertainment Company 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.