QRG Capital Management Inc. purchased a new stake in The Madison Square Garden Company (NYSE:MSGS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,284 shares of the company's stock, valued at approximately $250,000.
A number of other institutional investors also recently bought and sold shares of MSGS. Putney Financial Group LLC acquired a new stake in shares of Madison Square Garden during the 4th quarter worth about $28,000. Allworth Financial LP increased its stake in Madison Square Garden by 81.4% in the fourth quarter. Allworth Financial LP now owns 127 shares of the company's stock valued at $28,000 after purchasing an additional 57 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Madison Square Garden during the fourth quarter worth approximately $43,000. Headlands Technologies LLC lifted its position in shares of Madison Square Garden by 1,016.7% during the 4th quarter. Headlands Technologies LLC now owns 268 shares of the company's stock worth $60,000 after buying an additional 244 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Madison Square Garden by 423.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 272 shares of the company's stock valued at $62,000 after buying an additional 220 shares in the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on MSGS shares. Guggenheim reissued a "buy" rating and issued a $314.00 price target on shares of Madison Square Garden in a research report on Tuesday, May 6th. Susquehanna started coverage on Madison Square Garden in a research report on Monday, April 28th. They set a "positive" rating and a $254.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on Madison Square Garden from $240.00 to $230.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Morgan Stanley cut their price target on Madison Square Garden from $235.00 to $215.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $252.60.
View Our Latest Stock Analysis on MSGS
Madison Square Garden Trading Up 0.6%
Shares of MSGS traded up $1.30 during mid-day trading on Friday, hitting $208.02. 426,741 shares of the company's stock were exchanged, compared to its average volume of 121,017. The firm has a market capitalization of $4.99 billion, a P/E ratio of 990.60 and a beta of 0.77. The Madison Square Garden Company has a fifty-two week low of $173.26 and a fifty-two week high of $237.99. The business's 50 day moving average is $192.84 and its two-hundred day moving average is $202.44.
Madison Square Garden (NYSE:MSGS - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported ($0.59) EPS for the quarter, missing the consensus estimate of $1.48 by ($2.07). Madison Square Garden had a negative return on equity of 1.76% and a net margin of 0.45%. The company had revenue of $424.20 million for the quarter, compared to analysts' expectations of $436.84 million. During the same quarter last year, the company earned $1.57 EPS. Madison Square Garden's revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities research analysts forecast that The Madison Square Garden Company will post 0.73 earnings per share for the current year.
Madison Square Garden Company Profile
(
Free Report)
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.
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