MSG Entertainment (NYSE:MSGE) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of MSG Entertainment (NYSE:MSGE) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,906 shares of the company’s stock after selling 1,256 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of MSG Entertainment worth $2,060,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MSGE. GAMMA Investing LLC lifted its position in MSG Entertainment by 1,632.3% in the 1st quarter. GAMMA Investing LLC now owns 2,685 shares of the company’s stock valued at $82,000 after purchasing an additional 2,530 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in MSG Entertainment in the fourth quarter worth approximately $3,111,000. Mackenzie Financial Corp raised its position in shares of MSG Entertainment by 112.1% during the fourth quarter. Mackenzie Financial Corp now owns 20,492 shares of the company’s stock worth $730,000 after purchasing an additional 10,831 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in MSG Entertainment by 14.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,999 shares of the company’s stock worth $2,492,000 after buying an additional 9,032 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of MSG Entertainment in the 4th quarter valued at approximately $860,000. Institutional investors own 96.86% of the company’s stock.

MSG Entertainment Stock Performance

MSGE stock opened at $36.83 on Tuesday. The firm has a 50 day moving average of $35.00 and a two-hundred day moving average of $34.78. MSG Entertainment has a 12 month low of $28.29 and a 12 month high of $44.14. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 5.09 and a beta of 0.40. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 56.61.

Analysts Set New Price Targets

MSGE has been the subject of a number of research analyst reports. Wolfe Research upgraded shares of MSG Entertainment from a “peer perform” rating to an “outperform” rating and set a $46.00 target price for the company in a research report on Tuesday, March 11th. The Goldman Sachs Group lifted their price objective on MSG Entertainment from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Finally, Susquehanna initiated coverage on MSG Entertainment in a research note on Monday, April 28th. They issued a “positive” rating and a $39.00 target price on the stock.

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.