Madison Square Garden Entertainment Corp. (NYSE:MSGE) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its stake in Madison Square Garden Entertainment Corp. (NYSE:MSGE) by 472.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,124 shares of the company’s stock after acquiring an additional 60,348 shares during the period. Deutsche Bank AG’s holdings in Madison Square Garden Entertainment were worth $5,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. LSV Asset Management acquired a new stake in shares of Madison Square Garden Entertainment during the third quarter worth about $6,741,000. Shell Asset Management Co. boosted its stake in shares of Madison Square Garden Entertainment by 73.4% during the third quarter. Shell Asset Management Co. now owns 3,135 shares of the company’s stock worth $228,000 after buying an additional 1,327 shares during the period. Windsor Creek Advisors LLC boosted its stake in shares of Madison Square Garden Entertainment by 42.7% during the third quarter. Windsor Creek Advisors LLC now owns 36,781 shares of the company’s stock worth $2,673,000 after buying an additional 11,000 shares during the period. Seizert Capital Partners LLC boosted its stake in shares of Madison Square Garden Entertainment by 1,092.6% during the third quarter. Seizert Capital Partners LLC now owns 225,214 shares of the company’s stock worth $16,366,000 after buying an additional 206,330 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Madison Square Garden Entertainment by 32.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,904 shares of the company’s stock valued at $2,028,000 after purchasing an additional 6,784 shares during the period. Institutional investors and hedge funds own 72.09% of the company’s stock.

Shares of Madison Square Garden Entertainment stock opened at $74.38 on Friday. Madison Square Garden Entertainment Corp. has a 12-month low of $60.26 and a 12-month high of $121.42. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.79. The stock has a market cap of $2.53 billion, a PE ratio of -4.58 and a beta of 1.47. The company has a 50-day moving average of $70.32 and a two-hundred day moving average of $73.53.

Madison Square Garden Entertainment (NYSE:MSGE) last issued its earnings results on Tuesday, November 9th. The company reported ($1.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.55) by $0.31. Madison Square Garden Entertainment had a negative net margin of 88.83% and a negative return on equity of 16.37%. The company had revenue of $294.51 million during the quarter, compared to analysts’ expectations of $289.17 million. During the same period last year, the company posted ($3.04) earnings per share. On average, sell-side analysts forecast that Madison Square Garden Entertainment Corp. will post -1.1 EPS for the current fiscal year.

MSGE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Madison Square Garden Entertainment from $105.00 to $79.00 and set a “neutral” rating for the company in a research report on Monday, November 1st. Zacks Investment Research upgraded shares of Madison Square Garden Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday.

Madison Square Garden Entertainment Profile

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, professional bull riding, mixed martial arts, and esports in its venues, including New York's Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre, and The Chicago Theatre.

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Institutional Ownership by Quarter for Madison Square Garden Entertainment (NYSE:MSGE)

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