Radnor Capital Management LLC cut its stake in Madison Square Garden Entertainment Corp. (NYSE:MSGE – Get Rating) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,085 shares of the company’s stock after selling 2,050 shares during the period. Radnor Capital Management LLC owned approximately 0.06% of Madison Square Garden Entertainment worth $959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. Bank of New York Mellon Corp grew its position in shares of Madison Square Garden Entertainment by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 141,602 shares of the company’s stock valued at $6,244,000 after purchasing an additional 1,179 shares in the last quarter. BNP Paribas Arbitrage SNC purchased a new stake in shares of Madison Square Garden Entertainment in the third quarter valued at approximately $569,000. State Street Corp grew its position in shares of Madison Square Garden Entertainment by 0.7% in the third quarter. State Street Corp now owns 538,171 shares of the company’s stock valued at $23,728,000 after purchasing an additional 3,718 shares in the last quarter. Vanguard Group Inc. grew its position in Madison Square Garden Entertainment by 0.8% in the third quarter. Vanguard Group Inc. now owns 2,550,060 shares of the company’s stock worth $112,433,000 after acquiring an additional 19,439 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in Madison Square Garden Entertainment by 18.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,547,239 shares of the company’s stock worth $68,219,000 after acquiring an additional 241,244 shares during the period. 73.28% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Madison Square Garden Entertainment stock opened at $55.46 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The stock has a 50 day moving average of $54.38 and a 200 day moving average of $49.76. Madison Square Garden Entertainment Corp. has a fifty-two week low of $38.98 and a fifty-two week high of $84.57.
In other Madison Square Garden Entertainment news, Director Isiah Thomas III sold 931 shares of the company’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $58.48, for a total transaction of $54,444.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 24.60% of the stock is owned by insiders.
Separately, Morgan Stanley increased their price objective on Madison Square Garden Entertainment from $50.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 10th.
Madison Square Garden Entertainment Corp. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Madison Square Garden Entertainment, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Madison Square Garden Entertainment wasn’t on the list.
While Madison Square Garden Entertainment currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Little Amal, designed to highlight the plight of child refugees, became an international symbol of human rights after she journeyed 8,000km from the Turkish-Syr
The Biden administration's choice to run the World Bank — former Mastercard CEO Ajay Banga — appears to have a lock on the job. The World Bank said Thursda
A 68-year-old Spanish actor’s decision to have a child via a surrogate in the US has set off a political firestorm in Spain, prompting criticism from four gov
Australian police have arrested three more people in connection with two incidents of brawl that broke out between Khalistan activists and pro-India demonstra
