MSG Entertainment (NYSE:MSGE) Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its holdings in MSG Entertainment (NYSE:MSGE) by 131.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,802 shares of the company’s stock after buying an additional 8,983 shares during the period. Y Intercept Hong Kong Ltd’s holdings in MSG Entertainment were worth $563,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MSGE. Bleakley Financial Group LLC boosted 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 worth $296,000 after buying an additional 1,178 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of MSG Entertainment by 21.1% in the 4th quarter. Handelsbanken Fonder AB now owns 9,200 shares of the company’s stock valued at $328,000 after purchasing an additional 1,600 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of MSG Entertainment by 8.0% in the 4th quarter. Principal Financial Group Inc. now owns 20,011 shares of the company’s stock valued at $712,000 after purchasing an additional 1,479 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of MSG Entertainment by 111.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 29,860 shares of the company’s stock valued at $1,063,000 after purchasing an additional 15,756 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of MSG Entertainment by 0.6% in the 4th quarter. New York State Common Retirement Fund now owns 472,232 shares of the company’s stock valued at $16,811,000 after purchasing an additional 2,971 shares in the last quarter. 96.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Macquarie reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of MSG Entertainment in a research note on Monday, February 10th.

MSG Entertainment Stock Performance

NYSE MSGE opened at $34.53 on Friday. The firm has a market capitalization of $1.41 billion, a P/E ratio of 13.13, a P/E/G ratio of 5.09 and a beta of 0.05. MSG Entertainment has a 1-year low of $32.40 and a 1-year high of $44.14. The company has a debt-to-equity ratio of 56.61, a current ratio of 0.54 and a quick ratio of 0.54. The business’s 50-day simple moving average is $35.70 and its 200-day simple moving average is $38.35.

MSG Entertainment (NYSE:MSGE) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.60). MSG Entertainment had a net margin of 13.15% and a negative return on equity of 323.63%. Equities analysts predict that MSG Entertainment will post 1.04 EPS 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.