Epoch Investment Partners Inc. Has $1.13 Million Stake in Madison Square Garden Entertainment Corp. $MSGE

Epoch Investment Partners Inc. lowered its position in Madison Square Garden Entertainment Corp. (NYSE:MSGE) by 42.2% during the first quarter, Holdings Channel reports. The firm owned 34,557 shares of the company’s stock after selling 25,229 shares during the period. Epoch Investment Partners Inc.’s holdings in Madison Square Garden Entertainment were worth $1,131,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSGE. KBC Group NV acquired a new position in shares of Madison Square Garden Entertainment in the 1st quarter worth approximately $31,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Madison Square Garden Entertainment in the 1st quarter worth approximately $40,000. NBC Securities Inc. lifted its position in shares of Madison Square Garden Entertainment by 136,900.0% in the 1st 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 position in shares of Madison Square Garden Entertainment by 1,632.3% in the 1st 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 position in shares of Madison Square Garden Entertainment by 26.5% in the 4th 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. Institutional investors and hedge funds own 96.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Madison Square Garden Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. The Goldman Sachs Group boosted their price target on shares of Madison Square Garden Entertainment from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley boosted their price target on shares of Madison Square Garden Entertainment from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Madison Square Garden Entertainment has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Madison Square Garden Entertainment Stock Performance

NYSE:MSGE opened at $39.50 on Thursday. The company has a fifty day moving average of $38.96 and a 200-day moving average of $36.04. The firm has a market capitalization of $1.87 billion, a P/E ratio of 51.98 and a beta of 0.44. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 60.61. Madison Square Garden Entertainment Corp. has a twelve month low of $28.29 and a twelve month high of $44.14.

Madison Square Garden Entertainment (NYSE:MSGE) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.03). The firm had revenue of $154.14 million during the quarter, compared to analyst estimates of $151.17 million. Madison Square Garden Entertainment had a net margin of 3.97% and a negative return on equity of 458.14%. The company’s revenue was down 17.2% on a year-over-year basis. During the same period last year, the business posted $1.41 EPS. As a group, sell-side analysts anticipate that Madison Square Garden Entertainment Corp. will post 1.04 EPS for the current year.

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.