Madison Square Garden (MSGE)

• Market cap: $1.74B
• 1 day: 1.35%
• 5 days: 5.42%
• 1 month: 4.47%
• 3 months: -17.81%
• 6 months: -5.17%
• Year to date: 0.76%
• 1 year: 10.78%
• 5 years: 16.04%
• 10 years: 16.04%
• Sector: Consumer Discretionary
• Industry: Miscellaneous Amusement & Recreation

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 Q3 regulatory filings by fund managers ($100M+ AUM)

377% more call options, than puts

Call options by funds: $21M | Put options by funds: $4.41M

74% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 23

50% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]

19% more capital invested

Capital invested by funds: $1.43B [Q2] → $1.69B (+$266M) [Q3]

8% more funds holding

Funds holding: 173 [Q2] → 187 (+14) [Q3]

4.76% less ownership

Funds ownership: 101.51% [Q2] → 96.75% (-4.76%) [Q3]

28% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 61

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $44 22% upside
• Avg. target: $46 27% upside
• High target: $48 33% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Guggenheim Curry Baker 33% 1-year accuracy 7 / 21 met price target	33% upside $48	Buy Maintained	12 Nov 2024
Macquarie Paul Golding 71% 1-year accuracy 32 / 45 met price target	25% upside $45	Outperform Maintained	11 Nov 2024
Morgan Stanley Benjamin Swinburne 68% 1-year accuracy 13 / 19 met price target	22% upside $44	Equal-Weight Maintained	11 Nov 2024