Atria Wealth Solutions Inc. Grows Stock Holdings in The Madison Square Garden Company (NYSE:MSGS)

Atria Wealth Solutions Inc. increased its holdings in The Madison Square Garden Company (NYSE:MSGS - Free Report) by 100.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,100 shares of the company's stock after acquiring an additional 1,550 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Madison Square Garden were worth $604,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Treasurer of the State of North Carolina increased its holdings in shares of Madison Square Garden by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 8,172 shares of the company's stock valued at $1,844,000 after purchasing an additional 50 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Madison Square Garden by 2.2% during the 4th quarter. NewEdge Advisors LLC now owns 2,914 shares of the company's stock valued at $658,000 after buying an additional 62 shares during the last quarter. Marest Capital LLC lifted its holdings in shares of Madison Square Garden by 4.1% during the 1st quarter. Marest Capital LLC now owns 1,751 shares of the company's stock valued at $341,000 after buying an additional 69 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Madison Square Garden by 0.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 10,528 shares of the company's stock valued at $2,376,000 after acquiring an additional 76 shares in the last quarter. Finally, Putney Financial Group LLC bought a new position in Madison Square Garden in the 4th quarter worth approximately $28,000. 68.94% of the stock is owned by institutional investors and hedge funds.

Madison Square Garden Stock Performance

MSGS traded up $6.11 during midday trading on Friday, reaching $198.76. 367,206 shares of the company were exchanged, compared to its average volume of 192,128. The company has a market cap of $4.77 billion, a price-to-earnings ratio of -216.04 and a beta of 0.79. The company's fifty day moving average price is $201.44 and its 200 day moving average price is $197.72. The Madison Square Garden Company has a one year low of $173.26 and a one year high of $237.99.

Madison Square Garden (NYSE:MSGS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.35. Madison Square Garden had a negative return on equity of 1.76% and a negative net margin of 2.16%. The business had revenue of $203.96 million for the quarter, compared to the consensus estimate of $151.00 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. Madison Square Garden's revenue for the quarter was down 10.3% on a year-over-year basis. As a group, sell-side analysts anticipate that The Madison Square Garden Company will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MSGS shares. Susquehanna started coverage on Madison Square Garden in a research note on Monday, April 28th. They issued a "positive" rating and a $254.00 price target on the stock. Guggenheim reissued a "buy" rating and set a $314.00 price target on shares of Madison Square Garden in a research report on Tuesday, May 6th. Morgan Stanley boosted their price target on Madison Square Garden from $215.00 to $220.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their target price on Madison Square Garden from $240.00 to $230.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Madison Square Garden currently has an average rating of "Moderate Buy" and an average target price of $253.60.

Madison Square Garden Company Profile

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.