MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 1,005 Shares of MSG Entertainment (NYSE:MSGE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of MSG Entertainment (NYSE:MSGE) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,486 shares of the company’s stock after purchasing an additional 1,005 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in MSG Entertainment were worth $801,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC increased 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 valued at $40,000 after buying an additional 1,005 shares during the period. Tower Research Capital LLC TRC grew its holdings in MSG Entertainment by 26.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,405 shares of the company’s stock worth $86,000 after acquiring an additional 504 shares in the last quarter. Pictet Asset Management Holding SA bought a new position in MSG Entertainment during the 4th quarter worth about $205,000. EntryPoint Capital LLC purchased a new position in MSG Entertainment during 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. 96.86% of the stock is owned by institutional investors.

Insider Activity

In related news, insider F. Dolan 2009 Revocabl Charles sold 67,143 shares of MSG Entertainment stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 6,015 shares in the company, valued at $186,224.40. This trade represents a 91.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 17.85% of the company’s stock.

MSG Entertainment Price Performance

Shares of MSGE opened at $36.62 on Tuesday. The company has a 50 day moving average of $33.54 and a two-hundred day moving average of $34.72. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 56.61. MSG Entertainment has a twelve month low of $28.29 and a twelve month high of $44.14. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 5.09 and a beta of 0.22.

Analyst Upgrades and Downgrades

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

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.