Two Sigma Advisers LP lowered its position in shares of Madison Square Garden Co (NYSE:MSG) by 15.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,700 shares of the company’s stock after selling 13,700 shares during the period. Two Sigma Advisers LP owned approximately 0.32% of Madison Square Garden worth $15,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in MSG. The Manufacturers Life Insurance Company increased its holdings in shares of Madison Square Garden by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 751 shares of the company’s stock worth $148,000 after buying an additional 40 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Madison Square Garden by 144.2% during the 3rd quarter. American Century Companies Inc. now owns 33,059 shares of the company’s stock worth $7,078,000 after buying an additional 19,524 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Madison Square Garden by 2.5% during the 3rd quarter. New York State Common Retirement Fund now owns 41,633 shares of the company’s stock worth $8,914,000 after buying an additional 1,000 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Madison Square Garden by 2.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 65,849 shares of the company’s stock worth $14,099,000 after buying an additional 1,667 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in shares of Madison Square Garden by 81.0% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 3,767 shares of the company’s stock worth $807,000 after buying an additional 1,686 shares during the last quarter. Institutional investors and hedge funds own 70.88% of the company’s stock.

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Madison Square Garden stock opened at $244.06 on Thursday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.04. Madison Square Garden Co has a 1 year low of $189.96 and a 1 year high of $254.50.

Madison Square Garden (NYSE:MSG) last posted its quarterly earnings data on Friday, February 2nd. The company reported $3.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.87 by $1.32. The firm had revenue of $536.30 million during the quarter, compared to analysts’ expectations of $523.45 million. Madison Square Garden had a net margin of 5.21% and a negative return on equity of 1.00%. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the company posted $2.39 EPS. equities analysts expect that Madison Square Garden Co will post 0.75 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on MSG shares. Morgan Stanley downgraded shares of Madison Square Garden from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $218.50 to $245.00 in a report on Tuesday, December 5th. ValuEngine downgraded shares of Madison Square Garden from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Madison Square Garden from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, TheStreet upgraded shares of Madison Square Garden from a “c” rating to a “b” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Madison Square Garden currently has an average rating of “Hold” and a consensus target price of $223.63.

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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.

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

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