The Madison Square Garden Company $MSGS is Greenhouse Funds LLLP's 9th Largest Position

Key Points

• Greenhouse Funds LLLP increased its stake in The Madison Square Garden Company by 3.5%, making it the fund's 9th largest position with a total of 408,327 shares valued at approximately $79.5 million.
• Madison Square Garden reported a net loss per share of ($0.07) in its latest earnings report, beating estimates, while revenue was down 10.3% year-over-year.
• Analysts have a Moderate Buy average rating on the stock with a target price of $253.60, noting a recent rating upgrade from Morgan Stanley.

Greenhouse Funds LLLP raised its position in The Madison Square Garden Company (NYSE:MSGS - Free Report) by 3.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 408,327 shares of the company's stock after purchasing an additional 13,707 shares during the period. Madison Square Garden comprises approximately 3.7% of Greenhouse Funds LLLP's portfolio, making the stock its 9th biggest holding. Greenhouse Funds LLLP owned 1.70% of Madison Square Garden worth $79,509,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Gamco Investors INC. ET AL lifted its position in Madison Square Garden by 2.5% during the first quarter. Gamco Investors INC. ET AL now owns 603,324 shares of the company's stock worth $117,479,000 after buying an additional 14,669 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Madison Square Garden by 6.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 528,545 shares of the company's stock worth $102,919,000 after buying an additional 29,938 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Madison Square Garden by 523.2% during the first quarter. Victory Capital Management Inc. now owns 347,800 shares of the company's stock worth $67,724,000 after buying an additional 291,989 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Madison Square Garden by 14,886.7% in the 1st quarter. GAMMA Investing LLC now owns 137,278 shares of the company's stock worth $26,731,000 after acquiring an additional 136,362 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Madison Square Garden by 15.9% in the 1st quarter. Northern Trust Corp now owns 135,191 shares of the company's stock worth $26,324,000 after acquiring an additional 18,529 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company's stock.

Madison Square Garden Stock Down 0.1%

Shares of NYSE:MSGS opened at $195.67 on Thursday. The Madison Square Garden Company has a 12-month low of $173.26 and a 12-month high of $237.99. The stock has a market cap of $4.70 billion, a PE ratio of -212.68 and a beta of 0.78. The business has a 50 day moving average of $201.99 and a 200-day moving average of $196.49.

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

Analyst Upgrades and Downgrades

Separately, Morgan Stanley boosted their price objective on Madison Square Garden from $215.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Madison Square Garden presently 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.

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