New York State Common Retirement Fund Buys 2,971 Shares of MSG Entertainment (NYSE:MSGE)

New York State Common Retirement Fund boosted its stake in MSG Entertainment (NYSE:MSGE) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,232 shares of the company’s stock after purchasing an additional 2,971 shares during the period. New York State Common Retirement Fund owned about 0.98% of MSG Entertainment worth $16,811,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MSGE. Exchange Traded Concepts LLC raised its stake in shares of MSG Entertainment by 111.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 29,860 shares of the company’s stock valued at $1,063,000 after acquiring an additional 15,756 shares during the last quarter. Principal Financial Group Inc. raised its stake in MSG Entertainment by 8.0% during the fourth quarter. Principal Financial Group Inc. now owns 20,011 shares of the company’s stock worth $712,000 after buying an additional 1,479 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its stake in MSG Entertainment by 16.5% during the fourth 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. Institutional investors own 96.86% of the company’s stock.

MSG Entertainment Trading Down 2.3 %

NYSE:MSGE opened at $35.97 on Friday. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 5.09 and a beta of 0.05. The firm has a fifty day simple moving average of $35.60 and a two-hundred day simple moving average of $38.44. MSG Entertainment has a 12 month low of $32.40 and a 12 month high of $44.14. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 56.61.

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

Analyst Ratings Changes

Separately, Macquarie restated an “outperform” rating and issued a $45.00 price target on shares of MSG Entertainment in a report on Monday, February 10th.

MSG 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.