Madison Square Garden Entertainment (NYSE:MSGE) Now Covered by Morgan Stanley

Research analysts at Morgan Stanley began coverage on shares of Madison Square Garden Entertainment (NYSE:MSGE – Get Rating) in a report issued on Friday, The Fly reports. The firm set an “equal weight” rating on the stock.

Several other analysts have also recently issued reports on MSGE. Guggenheim assumed coverage on Madison Square Garden Entertainment in a research report on Wednesday, May 17th. They set a “buy” rating and a $37.00 target price for the company. Seaport Res Ptn reiterated a “buy” rating on shares of Madison Square Garden Entertainment in a research report on Sunday, April 23rd. Finally, The Goldman Sachs Group began coverage on Madison Square Garden Entertainment in a research report on Friday. They set a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Madison Square Garden Entertainment has a consensus rating of “Hold” and a consensus target price of $56.20.

Madison Square Garden Entertainment Stock Down 0.9 %

NYSE MSGE opened at $35.71 on Friday. The stock’s 50-day moving average price is $44.97 and its 200-day moving average price is $48.06. Madison Square Garden Entertainment has a 52 week low of $28.09 and a 52 week high of $39.19.

Insider Transactions at Madison Square Garden Entertainment

In other news, Director Isiah Thomas III sold 931 shares of Madison Square Garden Entertainment stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $58.48, for a total value of $54,444.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 24.60% of the company’s stock.

Hedge Funds Weigh In On Madison Square Garden Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its stake in shares of Madison Square Garden Entertainment by 82.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 649 shares of the company’s stock worth $28,000 after acquiring an additional 294 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in Madison Square Garden Entertainment during the 3rd quarter valued at $58,000. Point72 Hong Kong Ltd bought a new stake in Madison Square Garden Entertainment during the 1st quarter valued at $62,000. Tower Research Capital LLC TRC raised its position in Madison Square Garden Entertainment by 40.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,800 shares of the company’s stock valued at $79,000 after purchasing an additional 515 shares in the last quarter. Finally, Dark Forest Capital Management LP raised its position in Madison Square Garden Entertainment by 3,687.0% during the 1st quarter. Dark Forest Capital Management LP now owns 2,045 shares of the company’s stock valued at $121,000 after purchasing an additional 1,991 shares in the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.

Madison Square Garden Entertainment Company Profile

(Get Rating)

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 The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre.