Shares of Madison Sq. Back garden Amusement Corp. (NYSE:MSGE) have been assigned an typical recommendation of “Buy” from the eleven brokerages that are at present masking the organization, MarketBeat stories. One particular analysis analyst has rated the inventory with a provide suggestion, two have issued a maintain suggestion and eight have issued a invest in advice on the corporation. The normal 12 thirty day period goal rate amid brokerages that have included the inventory in the last yr is $99.25.
Quite a few equities analysts have issued studies on the stock. Morgan Stanley lifted their price target on shares of Madison Square Yard Leisure from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 19th. Macquarie slash their price tag target on shares of Madison Square Yard Amusement from $115.00 to $105.00 and established an “outperform” rating on the inventory in a report on Monday, November 30th.
NYSE MSGE opened at $100.14 on Friday. The firm’s fifty working day uncomplicated going normal is $98.20 and its two-hundred working day uncomplicated shifting normal is $81.14. The business has a present-day ratio of 2.61, a quick ratio of 2.61 and a financial debt-to-equity ratio of .01. Madison Square Yard Enjoyment has a 12-month low of $58.67 and a 12-thirty day period higher of $172.47. The business has a market capitalization of $2.41 billion and a P/E ratio of -26.92.
Madison Sq. Back garden Enjoyment (NYSE:MSGE) past released its quarterly earnings success on Sunday, November 15th. The enterprise noted ($2.87) earnings for each share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($4.72) by $1.85. The company had revenue of $14.38 million all through the quarter, in comparison to analysts’ expectations of $25.53 million. As a team, market-side analysts predict that Madison Square Garden Enjoyment will put up -13.54 earnings for every share for the present fiscal calendar year.
In relevant news, SVP Philip Gerard D’ambrosio bought 900 shares of the business’s stock in a transaction on Tuesday, December 22nd. The shares were being offered at an regular value of $86.23, for a whole transaction of $77,607.00. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is out there by this hyperlink. Insiders have 21.73% of the company’s stock.
A variety of hedge funds and other institutional traders have a short while ago bought and bought shares of the stock. Parallel Advisors LLC lifted its situation in shares of Madison Sq. Garden Entertainment by 48.2% in the 3rd quarter. Parallel Advisors LLC now owns 1,297 shares of the company’s stock worth $89,000 soon after buying an supplemental 422 shares for the duration of the period. Mackay Shields LLC acquired a new position in shares of Madison Square Backyard garden Entertainment in the third quarter really worth about $1,579,000. Columbia Asset Management acquired a new situation in shares of Madison Sq. Back garden Leisure in the third quarter well worth about $213,000. KBC Team NV lifted its posture in shares of Madison Sq. Backyard Leisure by 31.3% in the third quarter. KBC Group NV now owns 4,101 shares of the company’s inventory worthy of $281,000 after getting an added 977 shares for the duration of the time period. Lastly, FMR LLC acquired a new situation in shares of Madison Sq. Garden Amusement in the 2nd quarter worthy of about $115,000. Institutional investors individual 68.78% of the company’s stock.
Madison Square Backyard garden Leisure Organization Profile
Madison Sq. Backyard garden Enjoyment Corp. engages in the enjoyment enterprise. It produces, offers, or hosts many are living amusement activities, like live shows, family exhibits, and particular activities, as very well as sporting situations, this sort of as professional boxing, faculty basketball, experienced bull riding, blended martial arts, and esports in its venues, which include New York’s Madison Sq. Garden, Hulu Theater at Madison Sq. Yard, Radio Metropolis Music Corridor and Beacon Theatre, and The Chicago Theatre.
Highlighted Story: Exclusive Goal Acquisition Enterprise (SPAC)
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