M&T Bank Corp Boosts Stock Position in The Madison Square Garden Company $MSGS

M&T Bank Corp lifted its stake in The Madison Square Garden Company (NYSE:MSGS - Free Report) by 1,394.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,396 shares of the company's stock after acquiring an additional 15,299 shares during the period. M&T Bank Corp owned approximately 0.07% of Madison Square Garden worth $4,241,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in Madison Square Garden by 5,450.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 111 shares of the company's stock worth $25,000 after purchasing an additional 109 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in Madison Square Garden during the 3rd quarter valued at about $27,000. Accredited Wealth Management LLC increased its position in shares of Madison Square Garden by 524.0% during the third quarter. Accredited Wealth Management LLC now owns 156 shares of the company's stock valued at $35,000 after buying an additional 131 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Madison Square Garden in the fourth quarter worth about $45,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Madison Square Garden in the third quarter valued at approximately $80,000. 68.94% of the stock is currently owned by institutional investors.

Key Madison Square Garden News

Here are the key news stories impacting Madison Square Garden this week:

• Positive Sentiment: Ticketmaster caught scalpers and is releasing/reselling additional Harry Styles MSG tickets, signaling sustained demand for premium residency nights and potential near‑term revenue upside from high-profile concerts. Harry Styles Fans Get Another Shot at MSG Tickets After Ticketmaster Takes Action Against Scalpers Ticketmaster reselling Harry Styles MSG residency tickets after catching scalpers
• Neutral Sentiment: College-event rumor: reporting that UVA may be matched with UConn at MSG is speculative but, if confirmed, would point to healthy demand for marquee college events — watch for official booking announcements. UVA Basketball: Rumor mill has ‘Hoos hooking up with UConn in MSG
• Neutral Sentiment: Context pieces on venue capacity and why Ticketmaster is releasing more Harry Styles tickets help explain inventory dynamics at MSG — useful for modeling event-level revenue but not an immediate catalyst. Why is Ticketmaster releasing more Harry Styles MSG tickets? How many seats are at Madison Square Garden? Here’s a guide to understand the MSG seating chart
• Negative Sentiment: Analyst move: Citigroup downgraded MSGS from "buy" to "neutral" despite raising its price target to $355 — the downgrade reduces buy-side conviction and can pressure sentiment even if the target implies upside. Citigroup downgrades Madison Square Garden Sports (MSGS)
• Negative Sentiment: Investigative report alleging MSG owner used surveillance on people creates reputational and potential legal risk that could weigh on the stock if it spawns litigation or regulatory scrutiny. MSG Owner Uses Surveillance to Spy on People: New Investigative Report
• Negative Sentiment: Recent quarterly results (Feb.) showed a revenue beat but an EPS miss and analysts still expect a negative full‑year EPS — mixed fundamentals that limit multiple expansion absent clear profit recovery. MarketBeat MSGS summary

Insider Buying and Selling at Madison Square Garden

In other news, Director Charles P. Dolan sold 5,659 shares of the firm's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $325.26, for a total transaction of $1,840,646.34. Following the sale, the director owned 435 shares in the company, valued at approximately $141,488.10. This trade represents a 92.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 19.07% of the company's stock.

Madison Square Garden Trading Up 0.0%

Shares of NYSE MSGS opened at $333.43 on Monday. The business has a 50-day moving average of $321.17 and a 200-day moving average of $272.18. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of -483.24 and a beta of 0.59. The Madison Square Garden Company has a 12 month low of $184.63 and a 12 month high of $345.48.

Madison Square Garden (NYSE:MSGS - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.32). The company had revenue of $403.42 million for the quarter, compared to analyst estimates of $394.58 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. Madison Square Garden's quarterly revenue was up 12.7% compared to the same quarter last year. On average, analysts predict that The Madison Square Garden Company will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Madison Square Garden from $240.00 to $305.00 and gave the company an "overweight" rating in a research note on Friday, February 6th. Wall Street Zen raised shares of Madison Square Garden from a "strong sell" rating to a "hold" rating in a report on Saturday, February 14th. Susquehanna boosted their price target on shares of Madison Square Garden from $356.00 to $388.00 and gave the company a "positive" rating in a research report on Thursday, April 9th. Seaport Research Partners raised shares of Madison Square Garden from a "neutral" rating to a "buy" rating and set a $430.00 price target on the stock in a report on Friday, April 10th. Finally, Weiss Ratings upgraded Madison Square Garden from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Madison Square Garden currently has a consensus rating of "Hold" and an average price target of $333.80.

Madison Square Garden Company Profile

Madison Square Garden Sports Corp NYSE: MSGS is a leading sports and entertainment holding company focused on professional sports franchises and related media assets. The company owns and operates teams such as the NBA's New York Knicks, the NHL's New York Rangers and the WNBA's New York Liberty. Through these flagship franchises, MSG Sports offers a range of products and services including ticketing, premium seating and sponsorship opportunities, targeting fans in the New York metropolitan area and beyond.

In addition to team operations, Madison Square Garden Sports Corp holds a majority stake in MSG Networks, a regional cable network that broadcasts live sporting events, news and original programming.

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