US Bancorp DE decreased its stake in shares of The Madison Square Garden Company (NYSE:MSG) by 6.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 628 shares of the company’s stock after selling 42 shares during the period. US Bancorp DE’s holdings in The Madison Square Garden were worth $124,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Aperio Group LLC boosted its stake in shares of The Madison Square Garden by 8.6% in the second quarter. Aperio Group LLC now owns 4,553 shares of the company’s stock valued at $896,000 after buying an additional 359 shares during the last quarter. Salzhauer Michael boosted its stake in shares of The Madison Square Garden by 8.2% in the second quarter. Salzhauer Michael now owns 1,316 shares of the company’s stock valued at $259,000 after buying an additional 100 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of The Madison Square Garden by 6.7% in the second quarter. State of Alaska Department of Revenue now owns 2,461 shares of the company’s stock valued at $484,000 after buying an additional 155 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of The Madison Square Garden by 3.0% in the second quarter. Bank of Montreal Can now owns 20,875 shares of the company’s stock valued at $4,110,000 after buying an additional 617 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC boosted its stake in shares of The Madison Square Garden by 2.4% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 19,712 shares of the company’s stock valued at $3,881,000 after buying an additional 460 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

The Madison Square Garden Company (NYSE:MSG) traded down 0.04% during midday trading on Wednesday, hitting $210.28. The stock had a trading volume of 45,492 shares. The Madison Square Garden Company has a 52-week low of $160.96 and a 52-week high of $223.06. The stock’s market cap is $4.95 billion. The company’s 50 day moving average price is $210.56 and its 200-day moving average price is $198.68.

The Madison Square Garden (NYSE:MSG) last posted its quarterly earnings results on Thursday, August 17th. The company reported ($3.58) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $305.60 million during the quarter, compared to analyst estimates of $279.19 million. During the same quarter in the prior year, the business earned ($2.39) earnings per share. The firm’s quarterly revenue was up 40.3% on a year-over-year basis. Analysts forecast that The Madison Square Garden Company will post $0.71 EPS for the current fiscal year.

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MSG has been the topic of several recent research reports. BTIG Research reaffirmed a “buy” rating and issued a $260.00 price target (up from $240.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. Bank of America Corporation initiated coverage on The Madison Square Garden in a research note on Tuesday, May 2nd. They issued a “buy” rating and a $243.00 price target on the stock. Citigroup Inc. reduced their price target on The Madison Square Garden from $102.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, May 8th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $185.00 price target on shares of The Madison Square Garden in a research note on Monday, May 15th. Finally, Zacks Investment Research cut The Madison Square Garden from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $205.90.

About The Madison Square Garden

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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