Madison Square Garden Entertainment Corp. (NYSE:MSGE) Shares Acquired by Quent Capital LLC

Quent Capital LLC lifted its position in Madison Square Garden Entertainment Corp. (NYSE:MSGE) by 1,838.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 659 shares of the company’s stock after purchasing an additional 625 shares during the period. Quent Capital LLC’s holdings in Madison Square Garden Entertainment were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Madison Square Garden Entertainment Stock Down 0.4 %

Shares of NYSE MSGE traded down $0.13 during midday trading on Tuesday, hitting $34.16. The stock had a trading volume of 5,356 shares, compared to its average volume of 440,258. Madison Square Garden Entertainment Corp. has a 1 year low of $27.55 and a 1 year high of $41.58. The company has a market capitalization of $1.41 billion, a PE ratio of 29.06, a P/E/G ratio of 3.58 and a beta of 0.18. The stock has a 50 day simple moving average of $35.61 and a 200-day simple moving average of $35.97.

Madison Square Garden Entertainment (NYSE:MSGE) last released its earnings results on Thursday, May 9th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $228.30 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 earnings per share. As a group, analysts expect that Madison Square Garden Entertainment Corp. will post 1.23 earnings per share for the current fiscal year.

Madison Square Garden Entertainment Profile

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.