The Madison Square Garden Company (NYSE:MSGS) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in The Madison Square Garden Company (NYSE:MSGS - Free Report) by 37.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,901 shares of the company's stock after selling 5,442 shares during the period. Teacher Retirement System of Texas' holdings in Madison Square Garden were worth $1,733,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MSGS. Systematic Financial Management LP boosted its stake in shares of Madison Square Garden by 1.5% during the 4th quarter. Systematic Financial Management LP now owns 126,249 shares of the company's stock worth $28,492,000 after acquiring an additional 1,922 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Madison Square Garden during the first quarter worth $250,000. Central Pacific Bank Trust Division grew its position in shares of Madison Square Garden by 29.4% during the first quarter. Central Pacific Bank Trust Division now owns 6,600 shares of the company's stock valued at $1,285,000 after purchasing an additional 1,500 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Madison Square Garden in the 4th quarter worth approximately $3,413,000. Finally, Raymond James Financial Inc. bought a new stake in Madison Square Garden in the fourth quarter worth $4,425,000. Hedge funds and other institutional investors own 68.94% of the company's stock.

Madison Square Garden Stock Down 1.6%

Shares of NYSE:MSGS traded down $3.31 during midday trading on Tuesday, reaching $204.81. The company's stock had a trading volume of 102,221 shares, compared to its average volume of 124,562. The firm has a market capitalization of $4.92 billion, a PE ratio of 975.81 and a beta of 0.79. The stock has a fifty day moving average of $196.54 and a 200 day moving average of $200.34. The Madison Square Garden Company has a twelve month low of $173.26 and a twelve month high of $237.99.

Madison Square Garden (NYSE:MSGS - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported ($0.59) EPS for the quarter, missing the consensus estimate of $1.48 by ($2.07). The business had revenue of $424.20 million during the quarter, compared to analyst estimates of $436.84 million. Madison Square Garden had a net margin of 0.45% and a negative return on equity of 1.76%. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 earnings per share. Sell-side analysts anticipate that The Madison Square Garden Company will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MSGS has been the topic of several recent research reports. Guggenheim restated a "buy" rating and set a $314.00 price target on shares of Madison Square Garden in a report on Tuesday, May 6th. Susquehanna began coverage on Madison Square Garden in a research note on Monday, April 28th. They issued a "positive" rating and a $254.00 price objective on the stock. Morgan Stanley reduced their price target on shares of Madison Square Garden from $235.00 to $215.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their price objective on Madison Square Garden from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $252.60.

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.