Madison Square Garden Entertainment Corp. (NYSE:MSGE) Stock Holdings Trimmed by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. reduced its stake in Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) by 80.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,959 shares of the company's Washington Trust Advisors Inc. reduced its stake in Madison Square Garden Entertainment Corp. (NYSE:MSGE) by 80.5% in the fourth quarter. The firm now owns 51,959 shares of the company's stock after selling 214,592 shares in the same period. Other hedge funds and other institutional investors have also recently bought and sold shares. National Bank of Canada FI boosted its holdings in Madison Terminal Entertainment by 359.3% in third quarter and now owns 1,534 shares worth $50,000. Meanwhile, US Bancorp DE increased its holdings by 71.4% during the second quarter. CEO James Lawrence Dolan sold 28,796 shares of Madison Square Gard Entertainment in a transaction on Wednesday, valued at $1,085,897. Following the transaction, Dolan now owns 292,143 shares in The company.

Published : a month ago by MarketBeat in Finance

Other hedge funds and other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new stake in Madison Square Garden Entertainment during the third quarter worth approximately $43,000. Lazard Asset Management LLC purchased a new position in shares of Madison Square Garden Entertainment during the 3rd quarter valued at $43,000. National Bank of Canada FI boosted its holdings in Madison Square Garden Entertainment by 359.3% in the third quarter. National Bank of Canada FI now owns 1,534 shares of the company's stock worth $50,000 after purchasing an additional 1,200 shares in the last quarter. US Bancorp DE boosted its holdings in Madison Square Garden Entertainment by 71.4% during the second quarter. US Bancorp DE now owns 2,047 shares of the company's stock valued at $62,000 after acquiring an additional 853 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Madison Square Garden Entertainment during the first quarter valued at about $62,000. 96.86% of the stock is currently owned by institutional investors and hedge funds.

NYSE:MSGE traded up $0.51 during mid-day trading on Wednesday, hitting $38.72. The company's stock had a trading volume of 102,933 shares, compared to its average volume of 521,045. Madison Square Garden Entertainment Corp. has a fifty-two week low of $27.55 and a fifty-two week high of $40.81. The stock has a fifty day moving average of $36.48 and a 200-day moving average of $33.16. The company has a market capitalization of $1.59 billion and a price-to-earnings ratio of 24.81.

Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $2.59 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.69. The firm had revenue of $402.67 million during the quarter, compared to analysts' expectations of $385.92 million. Madison Square Garden Entertainment had a negative return on equity of 94.05% and a net margin of 8.03%. The company's quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.95 EPS. On average, equities analysts anticipate that Madison Square Garden Entertainment Corp. will post 1.08 earnings per share for the current fiscal year.

In other Madison Square Garden Entertainment news, CEO James Lawrence Dolan sold 28,796 shares of the firm's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $37.71, for a total transaction of $1,085,897.16. Following the transaction, the chief executive officer now owns 292,143 shares in the company, valued at $11,016,712.53. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders have sold 190,080 shares of company stock valued at $7,221,633. 18.72% of the stock is currently owned by insiders.

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.

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