Tabor Asset Management LP Has $4.30 Million Stock Holdings in The Madison Square Garden Company (NYSE:MSGS)

Tabor Asset Management LP reduced its stake in The Madison Square Garden Company (NYSE:MSGS - Free Report) by 58.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 22,105 shares of the company's stock after selling 31,616 shares during the quarter. Madison Square Garden accounts for 1.1% of Tabor Asset Management LP's investment portfolio, making the stock its 29th largest position. Tabor Asset Management LP owned 0.09% of Madison Square Garden worth $4,304,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in MSGS. Putney Financial Group LLC purchased a new position in Madison Square Garden in the fourth quarter valued at approximately $28,000. Heck Capital Advisors LLC purchased a new stake in Madison Square Garden in the fourth quarter valued at $43,000. Headlands Technologies LLC boosted its stake in Madison Square Garden by 1,016.7% in the fourth 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 grew its holdings in shares of Madison Square Garden by 30,600.0% during the fourth quarter. Covestor Ltd now owns 307 shares of the company's stock worth $69,000 after purchasing an additional 306 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Madison Square Garden during the fourth quarter worth about $92,000. Hedge funds and other institutional investors own 68.94% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley lowered their price objective on Madison Square Garden from $235.00 to $215.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Susquehanna assumed coverage on Madison Square Garden in a report on Monday, April 28th. They set a "positive" rating and a $254.00 price objective on the stock. Guggenheim reissued a "buy" rating and issued a $314.00 target price on shares of Madison Square Garden in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Madison Square Garden from $240.00 to $230.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $252.60.

Madison Square Garden Stock Performance

Madison Square Garden stock traded up $0.64 during trading on Tuesday, reaching $205.26. 148,907 shares of the company's stock were exchanged, compared to its average volume of 126,519. The Madison Square Garden Company has a 52-week low of $173.26 and a 52-week high of $237.99. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 977.47 and a beta of 0.79. The company's 50-day moving average is $197.88 and its two-hundred day moving average is $199.84.

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

About Madison Square Garden

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.