Virginia Retirement Systems ET AL acquired a new position in The Madison Square Garden Company (NYSE:MSG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,900 shares of the company’s stock, valued at approximately $1,359,000.

A number of other institutional investors have also recently made changes to their positions in MSG. Goldman Sachs Group Inc. increased its position in shares of The Madison Square Garden by 268.4% in the first quarter. Goldman Sachs Group Inc. now owns 118,256 shares of the company’s stock worth $23,617,000 after buying an additional 86,155 shares during the last quarter. Bank of Montreal Can increased its position in shares of The Madison Square Garden by 5.5% in the first quarter. Bank of Montreal Can now owns 20,258 shares of the company’s stock worth $4,045,000 after buying an additional 1,050 shares during the last quarter. BlackRock Inc. increased its position in shares of The Madison Square Garden by 13,915.4% in the first quarter. BlackRock Inc. now owns 767,202 shares of the company’s stock worth $153,216,000 after buying an additional 761,728 shares during the last quarter. Parametrica Management Ltd purchased a new position in shares of The Madison Square Garden during the second quarter worth approximately $332,000. Finally, Waratah Capital Advisors Ltd. purchased a new position in shares of The Madison Square Garden during the first quarter worth approximately $255,000. Institutional investors own 87.77% of the company’s stock.

The Madison Square Garden Company (NYSE:MSG) opened at 209.44 on Friday. The firm’s market capitalization is $4.93 billion. The stock’s 50 day moving average is $213.01 and its 200-day moving average is $200.04. The Madison Square Garden Company has a 1-year low of $160.96 and a 1-year high of $223.06.

The Madison Square Garden (NYSE:MSG) last issued its quarterly earnings data on Thursday, August 17th. The company reported ($3.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.10) by $2.48. The Madison Square Garden had a negative net margin of 5.52% and a negative return on equity of 2.43%. The company had revenue of $305.60 million for the quarter, compared to the consensus estimate of $279.19 million. During the same quarter in the prior year, the firm earned ($2.39) earnings per share. The Madison Square Garden’s revenue for the quarter was up 40.3% compared to the same quarter last year. Equities research analysts forecast that The Madison Square Garden Company will post $0.71 EPS for the current year.

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MSG has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of The Madison Square Garden from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Jefferies Group LLC restated a “hold” rating and set a $185.00 price objective on shares of The Madison Square Garden in a research report on Friday, May 5th. Morgan Stanley restated an “overweight” rating and set a $245.00 price objective (up previously from $215.00) on shares of The Madison Square Garden in a research report on Tuesday, July 25th. Citigroup Inc. cut their price objective on shares of The Madison Square Garden from $102.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, May 15th. Finally, BTIG Research restated a “buy” rating and set 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The Madison Square Garden has a consensus rating of “Hold” and a consensus price target of $205.90.

The Madison Square Garden Company Profile

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.

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

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