Capstone Investment Advisors LLC Acquires 10,389 Shares of Madison Square Garden Entertainment Corp. (NYSE:MSGE)

Capstone Investment Advisors LLC boosted its holdings in Madison Square Garden Entertainment Corp. (NYSE:MSGE) by 57.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,622 shares of the company’s stock after acquiring an additional 10,389 shares during the quarter. Capstone Investment Advisors LLC owned 0.07% of Madison Square Garden Entertainment worth $1,122,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its stake in Madison Square Garden Entertainment by 98.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,597 shares of the company’s stock worth $82,000 after acquiring an additional 1,290 shares during the last quarter. Principal Financial Group Inc. bought a new position in Madison Square Garden Entertainment in the 1st quarter worth about $205,000. Graham Capital Management L.P. bought a new position in Madison Square Garden Entertainment in the 3rd quarter worth about $272,000. PNC Financial Services Group Inc. increased its stake in Madison Square Garden Entertainment by 5.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,521 shares of the company’s stock worth $271,000 after acquiring an additional 450 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Madison Square Garden Entertainment by 28.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,687 shares of the company’s stock worth $340,000 after acquiring an additional 2,370 shares during the last quarter. 96.86% of the stock is currently owned by institutional investors.

Madison Square Garden Entertainment Price Performance

NYSE MSGE traded up $0.06 during trading on Friday, reaching $34.44. The company’s stock had a trading volume of 133,906 shares, compared to its average volume of 362,255. The stock has a market capitalization of $1.42 billion, a PE ratio of 29.19, a P/E/G ratio of 3.57 and a beta of 0.18. The firm has a fifty day moving average of $35.73 and a 200 day moving average of $35.89. Madison Square Garden Entertainment Corp. has a one year low of $27.55 and a one year high of $41.58.

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 the consensus estimate of $0.05 by $0.01. The firm had revenue of $228.30 million for the quarter, compared to analyst estimates of $227.63 million. Madison Square Garden Entertainment had a negative return on equity of 53.05% and a net margin of 5.74%. The company’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 EPS. Research analysts expect that Madison Square Garden Entertainment Corp. will post 1.23 earnings per share for the current fiscal year.

Madison Square Garden Entertainment Company 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.