Teacher Retirement System of Texas grew its holdings in Madison Square Garden Entertainment Corp. (NYSE:MSGE – Get Rating) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,108 shares of the company's stock after purchasing an additional 259 shares during the period. Teacher Retirement System of Texas' holdings in Madison Square Garden Entertainment were worth $426,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. WASHINGTON TRUST Co acquired a new position in Madison Square Garden Entertainment in the first quarter worth approximately $125,000. Regentatlantic Capital LLC bought a new stake in Madison Square Garden Entertainment during the first quarter worth approximately $211,000. American Century Companies Inc. boosted its position in Madison Square Garden Entertainment by 18.0% during the fourth quarter. American Century Companies Inc. now owns 3,342 shares of the company's stock worth $235,000 after purchasing an additional 509 shares during the period. McDonald Partners LLC bought a new stake in Madison Square Garden Entertainment during the first quarter worth approximately $369,000. Finally, Equitable Holdings Inc. bought a new stake in Madison Square Garden Entertainment during the fourth quarter worth approximately $313,000. Institutional investors and hedge funds own 73.12% of the company's stock.
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Wall Street Analysts Forecast Growth
MSGE has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on Madison Square Garden Entertainment from $65.00 to $63.00 and set an "underweight" rating for the company in a research report on Wednesday, June 15th. Wolfe Research decreased their target price on Madison Square Garden Entertainment from $88.00 to $73.00 and set a "peer perform" rating for the company in a research report on Thursday, June 2nd. Finally, Guggenheim reduced their price objective on Madison Square Garden Entertainment from $96.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $83.00.
Madison Square Garden Entertainment Stock Up 3.3 %
Shares of MSGE stock opened at $60.61 on Thursday. The stock has a market cap of $2.07 billion, a P/E ratio of -10.12 and a beta of 1.27. Madison Square Garden Entertainment Corp. has a one year low of $48.07 and a one year high of $85.60. The stock has a fifty day moving average price of $56.83 and a 200 day moving average price of $67.77. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.51 and a quick ratio of 1.51.
Madison Square Garden Entertainment Company Profile
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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 Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre, and The Chicago Theatre.
Further Reading
- Get a free copy of the StockNews.com research report on Madison Square Garden Entertainment (MSGE)
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