FORA Capital LLC Invests $435,000 in Madison Square Garden Entertainment Corp. (NYSE:MSGE)

FORA Capital LLC acquired a new stake in Madison Square Garden Entertainment Corp. (NYSE:MSGE) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 11,092 shares of the company’s stock, valued at approximately $435,000.

Several other hedge funds have also recently bought and sold shares of MSGE. Walleye Capital LLC boosted its position in Madison Square Garden Entertainment by 11.2% in the 3rd quarter. Walleye Capital LLC now owns 536,644 shares of the company’s stock valued at $17,661,000 after buying an additional 53,967 shares during the period. Graham Capital Management L.P. acquired a new position in Madison Square Garden Entertainment during the 3rd quarter worth $272,000. North Star Investment Management Corp. increased its holdings in Madison Square Garden Entertainment by 29.6% during the 4th quarter. North Star Investment Management Corp. now owns 110,071 shares of the company’s stock worth $3,499,000 after purchasing an additional 25,125 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Madison Square Garden Entertainment in the 4th quarter valued at about $8,970,000. Finally, Arizona State Retirement System boosted its stake in shares of Madison Square Garden Entertainment by 24.0% in the 4th quarter. Arizona State Retirement System now owns 10,916 shares of the company’s stock valued at $347,000 after buying an additional 2,116 shares during the period. Institutional investors and hedge funds own 96.86% of the company’s stock.

Madison Square Garden Entertainment Price Performance

Shares of MSGE stock traded down $0.02 during trading hours on Tuesday, reaching $34.27. 20,066 shares of the stock were exchanged, compared to its average volume of 440,363. Madison Square Garden Entertainment Corp. has a 12-month low of $27.55 and a 12-month high of $41.58. The business’s fifty day moving average is $35.61 and its two-hundred day moving average is $35.97. The firm has a market capitalization of $1.41 billion, a P/E ratio of 29.06, a P/E/G ratio of 3.58 and a beta of 0.18.

Madison Square Garden Entertainment (NYSE:MSGE) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $228.30 million for the quarter, compared to the consensus estimate of $227.63 million. Madison Square Garden Entertainment had a net margin of 5.74% and a negative return on equity of 53.05%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. As a group, equities research analysts predict that Madison Square Garden Entertainment Corp. will post 1.23 earnings per share for the current fiscal year.

About Madison Square Garden Entertainment

Madison Square Garden Entertainment Corp. engages in live entertainment business. The company produces, presents, and hosts live entertainment events, including concerts, sports events, and other live events, such as family shows, performing arts events, and special events. Its operations include a collection of venues, the entertainment and sports bookings business, and the Christmas Spectacular Starring the Radio City Rockettes production.