Madison Square GardenMSGE
Market Cap: $1.92B
About: Madison Square Garden Entertainment Corp provides live entertainment, delivering unforgettable experiences while forging deep connections with diverse and passionate audiences. The company's portfolio includes a collection of world-renowned venues - New York's Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre - that showcase a broad array of sporting events, concerts, family shows, and special events for millions of guests annually. In addition, the company features the original production, the Christmas Spectacular Starring the Radio City Rockettes, which has been a holiday tradition for 89 years.
Employees: 6,700
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
613% more call options, than puts
Call options by funds: $18.4M | Put options by funds: $2.58M
47% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 43
2.76% less ownership
Funds ownership: 100.43% [Q1] → 97.67% (-2.76%) [Q2]
3% less funds holding
Funds holding: 175 [Q1] → 170 (-5) [Q2]
14% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 36
15% less capital invested
Capital invested by funds: $1.62B [Q1] → $1.37B (-$245M) [Q2]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Macquarie Paul Golding 63% 1-year accuracy 10 / 16 met price target | 17%upside $47 | Outperform Maintained | 22 Aug 2024 |
Morgan Stanley Benjamin Swinburne 73% 1-year accuracy 11 / 15 met price target | 12%upside $45 | Equal-Weight Maintained | 19 Aug 2024 |
B of A Securities Peter Henderson 50% 1-year accuracy 1 / 2 met price target | 20%upside $48 | Buy Maintained | 19 Aug 2024 |
Goldman Sachs Stephen Laszczyk 100% 1-year accuracy 1 / 1 met price target | 12%upside $45 | Buy Upgraded | 24 Jul 2024 |
Financial journalist opinion
Based on 10 articles about MSGE published over the past 30 days