Price T Rowe Associates Inc. MD Has $1.15 Million Holdings in MSG Entertainment (NYSE:MSGE)

Price T Rowe Associates Inc. MD raised its position in MSG Entertainment (NYSE:MSGE) by 9.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 32,373 shares of the company’s stock after purchasing an additional 2,830 shares during the period. Price T Rowe Associates Inc. MD’s holdings in MSG Entertainment were worth $1,153,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MSGE. Tower Research Capital LLC TRC lifted its stake in MSG Entertainment by 26.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,405 shares of the company’s stock valued at $86,000 after acquiring an additional 504 shares in the last quarter. Swiss National Bank lifted its position in shares of MSG Entertainment by 0.9% in the fourth quarter. Swiss National Bank now owns 76,959 shares of the company’s stock worth $2,740,000 after purchasing an additional 700 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in 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 last quarter. MetLife Investment Management LLC grew its position in MSG Entertainment by 4.8% in the fourth quarter. MetLife Investment Management LLC now owns 23,940 shares of the company’s stock valued at $852,000 after purchasing an additional 1,107 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its stake in MSG Entertainment by 16.5% in the 4th quarter. Bleakley Financial Group LLC now owns 8,320 shares of the company’s stock valued at $296,000 after buying an additional 1,178 shares during the last quarter. 96.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other MSG Entertainment news, insider F. Dolan 2009 Revocabl Charles sold 67,143 shares of the business’s stock in a transaction dated 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 owns 6,015 shares of the company’s stock, valued at $186,224.40. The trade was a 91.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 17.85% of the stock is owned by company insiders.

MSG Entertainment Stock Performance

MSGE opened at $36.14 on Friday. MSG Entertainment has a 12-month low of $28.29 and a 12-month high of $44.14. The business has a 50 day moving average of $32.33 and a 200-day moving average of $35.14. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 56.61. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 5.09 and a beta of 0.22.

MSG Entertainment (NYSE:MSGE) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.60). MSG Entertainment had a net margin of 13.15% and a negative return on equity of 323.63%. On average, equities research analysts expect that MSG Entertainment will post 1.04 earnings per share for the current year.

About MSG Entertainment

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.