GAM Holding AG raised its stake in shares of The Madison Square Garden Company (NYSE:MSG) by 77.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,658 shares of the company’s stock after buying an additional 5,964 shares during the period. GAM Holding AG owned approximately 0.07% of The Madison Square Garden worth $2,689,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Amalgamated Bank increased its position in shares of The Madison Square Garden by 0.5% in the first quarter. Amalgamated Bank now owns 2,796 shares of the company’s stock valued at $558,000 after buying an additional 15 shares during the period. CIBC Asset Management Inc increased its position in shares of The Madison Square Garden by 2.4% in the second quarter. CIBC Asset Management Inc now owns 3,422 shares of the company’s stock valued at $674,000 after buying an additional 80 shares during the period. Telemus Capital LLC increased its position in shares of The Madison Square Garden by 1.4% in the second quarter. Telemus Capital LLC now owns 7,049 shares of the company’s stock valued at $1,388,000 after buying an additional 94 shares during the period. Salzhauer Michael increased its position in shares of The Madison Square Garden by 8.2% in the second quarter. Salzhauer Michael now owns 1,316 shares of the company’s stock valued at $259,000 after buying an additional 100 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of The Madison Square Garden by 4.6% in the first quarter. State of Alaska Department of Revenue now owns 2,306 shares of the company’s stock valued at $460,000 after buying an additional 102 shares during the period. 87.77% of the stock is currently owned by institutional investors.

The Madison Square Garden Company (NYSE MSG) opened at 215.82 on Monday. The company’s market cap is $5.08 billion. The Madison Square Garden Company has a 52-week low of $160.96 and a 52-week high of $223.06. The stock’s 50 day moving average price is $210.56 and its 200-day moving average price is $198.68.

The Madison Square Garden (NYSE:MSG) last announced its earnings results on Thursday, August 17th. The company reported ($3.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.10) by $2.48. The Madison Square Garden had a negative return on equity of 2.43% and a negative net margin of 5.52%. The business had revenue of $305.60 million for the quarter, compared to analysts’ expectations of $279.19 million. During the same period in the previous year, the firm posted ($2.39) earnings per share. The firm’s revenue was up 40.3% compared to the same quarter last year. On average, equities analysts predict that The Madison Square Garden Company will post $0.36 earnings per share for the current fiscal year.

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Several equities analysts have commented on the company. ValuEngine raised The Madison Square Garden from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BTIG Research reaffirmed a “buy” rating and issued a $260.00 price objective (up previously from $240.00) on shares of The Madison Square Garden in a research report on Tuesday, July 25th. Citigroup Inc. dropped their price target on The Madison Square Garden from $102.00 to $93.00 and set a “buy” rating on the stock in a research report on Monday, May 8th. Jefferies Group LLC reissued a “hold” rating and set a $185.00 price target on shares of The Madison Square Garden in a research report on Monday, May 15th. Finally, Zacks Investment Research raised The Madison Square Garden from a “hold” rating to a “strong-buy” rating and set a $224.00 price target on the stock in a research report on Saturday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The Madison Square Garden currently has an average rating of “Hold” and a consensus target price of $205.90.

About The Madison Square Garden

The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Company operates in two segments, which include MSG Entertainment and MSG Sports. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks (the Knicks) of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team.

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Institutional Ownership by Quarter for The Madison Square Garden (NYSE:MSG)

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