Clinton Group Inc. acquired a new position in The Madison Square Garden Company (NYSE:MSG) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,255 shares of the company’s stock, valued at approximately $641,000.

A number of other hedge funds have also modified their holdings of MSG. Quinn Opportunity Partners LLC boosted its stake in The Madison Square Garden by 119.3% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 17,540 shares of the company’s stock valued at $3,454,000 after purchasing an additional 9,540 shares in the last quarter. First Trust Advisors LP boosted its stake in The Madison Square Garden by 77.2% during the 2nd quarter. First Trust Advisors LP now owns 28,852 shares of the company’s stock valued at $5,681,000 after purchasing an additional 12,573 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in The Madison Square Garden by 268.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 118,256 shares of the company’s stock valued at $23,617,000 after purchasing an additional 86,155 shares in the last quarter. Chicago Equity Partners LLC bought a new position in The Madison Square Garden during the 2nd quarter valued at $1,410,000. Finally, GAM Holding AG boosted its stake in The Madison Square Garden by 77.5% during the 2nd quarter. GAM Holding AG now owns 13,658 shares of the company’s stock valued at $2,689,000 after purchasing an additional 5,964 shares in the last quarter. 70.83% of the stock is owned by institutional investors and hedge funds.

Shares of The Madison Square Garden Company (NYSE MSG) opened at 211.73 on Friday. The Madison Square Garden Company has a 12 month low of $160.96 and a 12 month high of $226.95. The stock’s 50 day moving average price is $215.44 and its 200-day moving average price is $205.03. The firm’s market cap is $4.98 billion.

The Madison Square Garden (NYSE:MSG) last released its earnings results on Thursday, August 17th. The company reported ($3.58) EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $279.19 million. During the same period in the prior year, the firm posted ($2.39) EPS. The Madison Square Garden’s revenue was up 40.3% on a year-over-year basis. Equities research analysts anticipate that The Madison Square Garden Company will post $0.58 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on MSG shares. Zacks Investment Research lowered The Madison Square Garden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. BTIG Research reaffirmed a “buy” rating and set a $260.00 price target (up from $240.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $245.00 price target (up from $215.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC increased their price target on The Madison Square Garden from $185.00 to $200.00 and gave the company a “hold” rating in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The Madison Square Garden has an average rating of “Hold” and a consensus target price of $211.50.

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The Madison Square Garden 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.

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

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