Oxbow Advisors LLC lifted its holdings in Madison Square Garden Co (NYSE:MSG) by 5.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,534 shares of the company’s stock after buying an additional 275 shares during the quarter. Oxbow Advisors LLC’s holdings in Madison Square Garden were worth $1,628,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of MSG. FMR LLC lifted its position in shares of Madison Square Garden by 8.1% in the 1st quarter. FMR LLC now owns 1,024 shares of the company’s stock worth $300,000 after buying an additional 77 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Madison Square Garden by 8.4% in the 2nd quarter. BlackRock Inc. now owns 1,044,764 shares of the company’s stock worth $292,473,000 after acquiring an additional 80,714 shares during the period. First Bank & Trust increased its holdings in shares of Madison Square Garden by 18.3% in the 3rd quarter. First Bank & Trust now owns 433 shares of the company’s stock worth $114,000 after acquiring an additional 67 shares during the period. Coastal Investment Advisors Inc. increased its holdings in shares of Madison Square Garden by 70.4% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 1,210 shares of the company’s stock worth $318,000 after acquiring an additional 500 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Madison Square Garden by 60.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 266 shares of the company’s stock worth $70,000 after acquiring an additional 100 shares during the period. Institutional investors own 70.32% of the company’s stock.

A number of analysts recently weighed in on MSG shares. Oppenheimer started coverage on shares of Madison Square Garden in a report on Thursday, January 23rd. They issued an “outperform” rating and a $365.00 price objective on the stock. Jefferies Financial Group started coverage on shares of Madison Square Garden in a report on Tuesday, December 17th. They issued a “buy” rating and a $370.00 price objective on the stock. Imperial Capital increased their price objective on shares of Madison Square Garden from $357.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, ValuEngine cut shares of Madison Square Garden from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $351.67.

Shares of MSG stock traded up $0.38 during trading hours on Friday, reaching $307.49. The stock had a trading volume of 137,400 shares, compared to its average volume of 143,816. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.55 and a quick ratio of 1.55. Madison Square Garden Co has a twelve month low of $247.57 and a twelve month high of $315.95. The firm has a 50-day simple moving average of $298.51 and a 200-day simple moving average of $279.29. The firm has a market capitalization of $7.32 billion, a PE ratio of -298.53 and a beta of 0.57.

Madison Square Garden (NYSE:MSG) last released its quarterly earnings data on Friday, February 7th. The company reported $3.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.41 by $1.52. Madison Square Garden had a negative net margin of 1.47% and a negative return on equity of 0.90%. The business had revenue of $628.80 million for the quarter, compared to analysts’ expectations of $635.93 million. During the same quarter last year, the company earned $3.42 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts anticipate that Madison Square Garden Co will post -2 earnings per share for the current year.

In other Madison Square Garden news, President Andrew Lustgarten sold 5,349 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $302.92, for a total transaction of $1,620,319.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.70% of the stock is currently owned by company insiders.

About Madison Square Garden

The Madison Square Garden Company, together with its subsidiaries, engages in live sports and entertainment businesses in the United States. The company operates in two segments, MSG Sports and MSG Entertainment. The MSG Sports segment owns and operates professional sports franchises; and promotes, produces, and/or presents an array of other live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling.

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

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