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Making an investment decision in the stock market involves a certain amount of risk, so it's important to thoroughly review a company's stock before making any decisions. Stock float, number of short positions and outstanding shares are among the many factors an investor should take into account.
Investors cannot turn a blind eye to insiders as well as institutional ownership. They need to follow insider trades to determine the direction the stock is likely to take.
About 99.21% of MSGE shares are held by financial institutions. JERICHO CAPITAL ASSET MANAGEMENT L.P. is the top corporate investor, holding 2.54M shares valued at $124.80M. A 5.3% stake in Madison Square Garden Entertainment Corp. is owned by the company. DIMENSIONAL FUND ADVISORS LP owns 1.63M shares valued at $80.13M, which translates its holding of 3.4% of the stake in the company.
Among the MSGE insiders holding of 3.23% of the stake in company, DOLAN THOMAS CHARLES, Member of 13(d) Group, holds the largest shares of 369.71K. DOLAN JAMES LAWRENCE, Executive Chairman / CEO, is the second largest MSGE insider with ownership of 292.14K shares. D'AMBROSIO PHILIP GERARD, EVP and Treasurer, stands third with possession of 12.19K shares of that stake.
A company's 13F filings with the Securities and Exchange Commission (SEC) provides investors with comprehensive information about institutional ownership in a listed company, a sign of strength in terms of how many institutions have confidence in that company. The number of institutional investors who currently own MSGE shares is 247, representing 99.21% of the company's common stock.
CARNEGIE CAPITAL ASSET MANAGEMENT, LLC, in the last quarter, reduced its stake in MSGE by -24.68% restricting it's holding to 105 thousand shares of worth nearly $5.15M. UBS GROUP AG also lessened -36.65% of the MSGE shares from its portfolio, reducing its holding to 103.28 thousand shares of worth $5.07M. AMERICAN CENTURY COMPANIES INC also shunned MSGE shares holding by -73.31% last quarter which brought its holding to 53.68 thousand shares worth $2.63M.
As per its latest 13F filing, JERICHO CAPITAL ASSET MANAGEMENT L.P. increased its stake in MSGE by 4.38% in the last quarter. The institutional holder raised its holding to 2.54 million shares having worth more than $124.80M. DIMENSIONAL FUND ADVISORS LP also added 6.42% more shares of MSGE to its portfolio, raising its holding to 1.63 million shares of worth $80.13M. BALYASNY ASSET MANAGEMENT L.P. also increased its MSGE shares holding by 10.55% which brought its holding to 1.02 million shares worth $50.13M.
The insider with the most stakes in MSGE is DOLAN THOMAS CHARLES , Member of 13(d) Group at the company. Additionally, MSGE stock is highly held by Executive Chairman / CEO DOLAN JAMES LAWRENCE and EVP and Treasurer D'Ambrosio Philip Gerard among others.
Company executives, directors, and other insiders own 3.23% percent of Madison Square Garden Entertainment Corp.'s stock. Within the last six months, there have been 1 transaction(s) in which MSGE insiders have sold stock, totaling 6K shares. Insiders that have sold shares include D'AMBROSIO PHILIP GERARD, DOLAN JAMES LAWRENCE, and SPHERE ENTERTAINMENT CO..
There have been 0 transaction(s) during the past 6-months in which Madison Square Garden Entertainment Corp. insiders have bought stock, totalling 0 shares
Around 12.19K Madison Square Garden Entertainment Corp. shares are held by insiders, which represents about 3.23% of MSGE stock.
MSGE Member of 13(d) Group, DOLAN THOMAS CHARLES holds the largest portfolio of the company's shares. MSGE shares owned by DOLAN total nearly 369.71 thousand.
JERICHO CAPITAL ASSET MANAGEMENT L.P. is the largest institutional owner in MSGE which holds 2.54 million shares worth $124.80M or 5.3% of the total MSGE shares outstanding followed by DIMENSIONAL FUND ADVISORS LP with ownership of 1.63 million shares representing 3.4% of the MSGE ownership. BALYASNY ASSET MANAGEMENT L.P. is the third largest stakeholder with 1.02 million shares or 2.13% of the ownership worth more than $50.13M.
Stock options give the owner the ability but not the obligation to buy or sell a security at a predetermined price and date. Stock options can be classified into two types: puts and calls. A put is a bet on falling stock, and a call is a bet on rising stock. As far as the MSGE is concerned, it is a stock which is optionable.
Number of MSGE shares short is 1.58M. Shares short is a market sentiment in which investors have sold their shares short in a given stock but have not yet covered them or closed them out.
As of today, 41.19M shares of MSGE are outstanding.
Float represents the number of tradeable shares in a specific stock. By subtracting restricted and closely-held shares from a firm's total outstanding shares, we can calculate its floating stock. The term "closely-held shares" refers to shares held by employees, major shareholders, and company insiders. At present, MSGE has 37.36M shares in float.
Short ratio is calculated by dividing the number of short shares, short interest or bets that shareholders will sell short from the average daily volume. A higher ratio indicates longer times needed to repurchase borrowed shares (sold). The short ratio for MSGE is 5.5.