Canada Pension Plan Investment Board increased its stake in The Madison Square Garden Company (NYSE:MSG) by 1,192.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,066 shares of the company’s stock after acquiring an additional 13,900 shares during the quarter. Canada Pension Plan Investment Board owned 0.08% of The Madison Square Garden worth $3,226,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in The Madison Square Garden by 8.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 712 shares of the company’s stock valued at $140,000 after purchasing an additional 58 shares during the period. The Manufacturers Life Insurance Company grew its position in The Madison Square Garden by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 751 shares of the company’s stock valued at $148,000 after purchasing an additional 40 shares during the period. Maverick Capital Ltd. acquired a new stake in The Madison Square Garden in the 2nd quarter valued at $176,000. South State Corp acquired a new stake in The Madison Square Garden in the 2nd quarter valued at $203,000. Finally, Investment House LLC acquired a new stake in The Madison Square Garden in the 3rd quarter valued at $203,000. Institutional investors own 68.03% of the company’s stock.

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The Madison Square Garden Company (NYSE MSG) opened at $219.07 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.04. The Madison Square Garden Company has a fifty-two week low of $166.86 and a fifty-two week high of $231.44.

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

MSG has been the subject of several research reports. Jefferies Group LLC reissued a “hold” rating and issued a $200.00 price target on shares of The Madison Square Garden in a research report on Tuesday, October 24th. Zacks Investment Research downgraded shares of The Madison Square Garden from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. BTIG Research set a $260.00 price target on shares of The Madison Square Garden and gave the company a “buy” rating in a research report on Monday, September 11th. Loop Capital lifted their price target on shares of The Madison Square Garden from $266.00 to $268.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $245.00 price target (up previously from $215.00) on shares of The Madison Square Garden in a research 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 company’s stock. The Madison Square Garden has an average rating of “Buy” and an average price target of $217.78.

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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