Stevens Capital Management LP purchased a new position in shares of The Madison Square Garden Company (NYSE:MSG) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,492 shares of the company’s stock, valued at approximately $748,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of The Madison Square Garden by 13,915.4% during the first quarter. BlackRock Inc. now owns 767,202 shares of the company’s stock worth $153,216,000 after purchasing an additional 761,728 shares during the period. Gluskin Sheff & Assoc Inc. lifted its holdings in shares of The Madison Square Garden by 5.8% during the second quarter. Gluskin Sheff & Assoc Inc. now owns 397,128 shares of the company’s stock worth $78,195,000 after purchasing an additional 21,857 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of The Madison Square Garden during the second quarter worth $75,632,000. FMR LLC lifted its holdings in shares of The Madison Square Garden by 12.6% during the second quarter. FMR LLC now owns 360,804 shares of the company’s stock worth $71,042,000 after purchasing an additional 40,427 shares during the period. Finally, State Street Corp lifted its holdings in shares of The Madison Square Garden by 2.0% during the first quarter. State Street Corp now owns 246,540 shares of the company’s stock worth $49,243,000 after purchasing an additional 4,931 shares during the period. 68.03% of the stock is owned by hedge funds and other institutional investors.

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Shares of The Madison Square Garden Company (NYSE:MSG) opened at $221.18 on Thursday. The Madison Square Garden Company has a 52-week low of $166.86 and a 52-week high of $231.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.92 and a quick ratio of 1.92.

The Madison Square Garden (NYSE:MSG) last posted its quarterly earnings data on Friday, November 3rd. The company reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.18. The firm had revenue of $245.04 million during the quarter, compared to analysts’ expectations of $237.06 million. The Madison Square Garden had a negative return on equity of 1.75% and a negative net margin of 4.00%. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the business posted ($1.19) EPS. sell-side analysts predict that The Madison Square Garden Company will post 0.66 earnings per share for the current fiscal year.

A number of research firms have commented on MSG. BTIG Research set a $260.00 target price on The Madison Square Garden and gave the company a “buy” rating in a report on Monday, September 11th. Jefferies Group LLC raised their target price on The Madison Square Garden from $185.00 to $200.00 and gave the company a “hold” rating in a report on Friday, August 18th. Loop Capital raised their target price on The Madison Square Garden from $266.00 to $268.00 and gave the company a “buy” rating in a report on Monday, November 6th. Zacks Investment Research downgraded The Madison Square Garden from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $245.00 target price (up previously from $215.00) on shares of The Madison Square Garden in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $217.78.

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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