OFI Invest Asset Management Buys Shares of 7,847 MSG Entertainment (NYSE:MSGE)

OFI Invest Asset Management bought a new stake in shares of MSG Entertainment (NYSE:MSGE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,847 shares of the company’s stock, valued at approximately $270,000.

Several other hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. lifted its holdings in shares of MSG Entertainment by 18.8% in the 4th quarter. Victory Capital Management Inc. now owns 20,797 shares of the company’s stock worth $740,000 after acquiring an additional 3,294 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of MSG Entertainment by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 339,977 shares of the company’s stock worth $12,103,000 after acquiring an additional 5,677 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of MSG Entertainment by 32.7% in the 4th quarter. Bank of New York Mellon Corp now owns 151,142 shares of the company’s stock worth $5,381,000 after acquiring an additional 37,240 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of MSG Entertainment by 131.7% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 15,802 shares of the company’s stock worth $563,000 after acquiring an additional 8,983 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of MSG Entertainment by 21.1% in the 4th quarter. Handelsbanken Fonder AB now owns 9,200 shares of the company’s stock worth $328,000 after acquiring an additional 1,600 shares during the last quarter. 96.86% of the stock is currently owned by institutional investors.

MSG Entertainment Stock Down 3.8 %

Shares of NYSE MSGE opened at $30.65 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 56.61. MSG Entertainment has a 52 week low of $30.56 and a 52 week high of $44.14. The firm’s fifty day moving average is $35.55 and its 200 day moving average is $38.01. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 5.09 and a beta of 0.11.

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

Wall Street Analysts Forecast Growth

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

MSG Entertainment Company 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.