1,990 Shares in The Madison Square Garden Company (NYSE:MSGS) Purchased by R Squared Ltd

Key Points

• R Squared Ltd has invested approximately $387,000 in The Madison Square Garden Company, acquiring 1,990 shares in the first quarter.
• Research analysts' ratings for MSGS include a mix of "buy" and "hold," with average price targets ranging from $215.00 to $314.00.
• Madison Square Garden reported a loss of ($0.59) EPS for the last quarter, missing analysts' consensus estimates and showing a year-over-year revenue decline of 1.3%.

R Squared Ltd acquired a new position in The Madison Square Garden Company (NYSE:MSGS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,990 shares of the company's stock, valued at approximately $387,000.

A number of other large investors have also modified their holdings of MSGS. Putney Financial Group LLC bought a new position in Madison Square Garden during the fourth quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Madison Square Garden in the fourth quarter valued at approximately $43,000. Headlands Technologies LLC boosted its holdings 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 valued at $60,000 after acquiring an additional 244 shares in the last quarter. Covestor Ltd boosted its position in Madison Square Garden by 30,600.0% during the fourth quarter. Covestor Ltd now owns 307 shares of the company's stock valued at $69,000 after acquiring an additional 306 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Madison Square Garden in the 4th quarter worth about $92,000. Institutional investors and hedge funds own 68.94% of the company's stock.

Analyst Ratings Changes

MSGS has been the subject of several analyst reports. Guggenheim reissued a "buy" rating and issued a $314.00 price target on shares of Madison Square Garden in a report on Tuesday, May 6th. Susquehanna started coverage on shares of Madison Square Garden in a research note on Monday, April 28th. They issued a "positive" rating and a $254.00 target price on the stock. Morgan Stanley lowered their price objective on shares of 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Madison Square Garden from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $252.60.

Madison Square Garden Stock Up 0.5%

NYSE:MSGS traded up $0.95 during midday trading on Wednesday, reaching $203.30. The stock had a trading volume of 46,969 shares, compared to its average volume of 147,668. The Madison Square Garden Company has a 12-month low of $173.26 and a 12-month high of $237.99. The firm has a fifty day simple moving average of $199.94 and a two-hundred day simple moving average of $198.86. The stock has a market cap of $4.88 billion, a P/E ratio of 968.14 and a beta of 0.79.

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.