Principal Financial Group Inc. Purchases 702 Shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE)

Principal Financial Group Inc. raised its position in shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,713 shares of the company’s stock after acquiring an additional 702 shares during the period. Principal Financial Group Inc. owned approximately 0.05% of Madison Square Garden Entertainment worth $678,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. KBC Group NV bought a new stake in shares of Madison Square Garden Entertainment in the first quarter valued at about $31,000. Sterling Capital Management LLC lifted its stake in Madison Square Garden 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. NBC Securities Inc. lifted its stake in Madison Square Garden Entertainment by 136,900.0% during the first quarter. NBC Securities Inc. now owns 1,370 shares of the company’s stock worth $44,000 after purchasing an additional 1,369 shares during the period. GAMMA Investing LLC lifted its stake in Madison Square Garden Entertainment by 1,632.3% during the first quarter. GAMMA Investing LLC now owns 2,685 shares of the company’s stock worth $82,000 after purchasing an additional 2,530 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in Madison Square Garden 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 purchasing an additional 504 shares during the period. 96.86% of the stock is currently owned by institutional investors.

Madison Square Garden Entertainment Stock Performance

MSGE stock opened at $40.22 on Friday. The business’s 50-day moving average price is $38.28 and its two-hundred day moving average price is $35.48. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 60.61. The firm has a market cap of $1.63 billion, a PE ratio of 14.68 and a beta of 0.45. Madison Square Garden Entertainment Corp. has a 1-year low of $28.29 and a 1-year high of $44.14.

Analysts Set New Price Targets

A number of brokerages have commented on MSGE. Susquehanna began coverage on shares of Madison Square Garden Entertainment in a research note on Monday, April 28th. They set a “positive” rating and a $39.00 price target for the company. The Goldman Sachs Group lifted their target price on shares of Madison Square Garden Entertainment from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th.

Madison Square Garden Entertainment 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.