The Madison Square Garden Company $MSGS Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its stake in The Madison Square Garden Company (NYSE:MSGS) by 46.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,162 shares of the company’s stock after acquiring an additional 6,041 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Madison Square Garden were worth $4,956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in Madison Square Garden by 5,450.0% during the third quarter. Farther Finance Advisors LLC now owns 111 shares of the company’s stock worth $25,000 after purchasing an additional 109 shares during the period. Salomon & Ludwin LLC purchased a new stake in shares of Madison Square Garden during the 3rd quarter valued at $27,000. Accredited Wealth Management LLC increased its holdings in shares of Madison Square Garden by 524.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 156 shares of the company’s stock worth $35,000 after buying an additional 131 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Madison Square Garden during the 3rd quarter worth $80,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Madison Square Garden by 313.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 401 shares of the company’s stock worth $84,000 after buying an additional 304 shares during the period. Institutional investors and hedge funds own 68.94% of the company’s stock.

Insider Activity

In other news, Director Charles P. Dolan sold 5,659 shares of Madison Square Garden stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $325.26, for a total transaction of $1,840,646.34. Following the sale, the director owned 435 shares in the company, valued at $141,488.10. This trade represents a 92.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 19.07% of the stock is owned by corporate insiders.

Madison Square Garden Stock Performance

MSGS stock opened at $325.18 on Friday. The firm has a market cap of $7.83 billion, a P/E ratio of -471.28 and a beta of 0.59. The Madison Square Garden Company has a 1 year low of $173.26 and a 1 year high of $345.46. The stock has a 50-day simple moving average of $306.69 and a 200-day simple moving average of $260.19.

Madison Square Garden (NYSE:MSGS) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.32). The company had revenue of $403.42 million during the quarter, compared to analysts’ expectations of $394.58 million. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 earnings per share. On average, equities research analysts predict that The Madison Square Garden Company will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

MSGS has been the topic of a number of research analyst reports. Citigroup lifted their target price on Madison Square Garden from $290.00 to $337.00 and gave the company a “buy” rating in a report on Friday, February 13th. Wolfe Research downgraded Madison Square Garden from an “outperform” rating to a “hold” rating in a report on Monday, December 15th. Guggenheim reaffirmed a “buy” rating on shares of Madison Square Garden in a research note on Thursday, February 5th. JPMorgan Chase & Co. boosted their target price on Madison Square Garden from $240.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Weiss Ratings raised shares of Madison Square Garden from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Madison Square Garden currently has a consensus rating of “Hold” and a consensus price target of $286.00.

Madison Square Garden Company Profile

Madison Square Garden Sports Corp (NYSE: MSGS) is a leading sports and entertainment holding company focused on professional sports franchises and related media assets. The company owns and operates teams such as the NBA’s New York Knicks, the NHL’s New York Rangers and the WNBA’s New York Liberty. Through these flagship franchises, MSG Sports offers a range of products and services including ticketing, premium seating and sponsorship opportunities, targeting fans in the New York metropolitan area and beyond.

In addition to team operations, Madison Square Garden Sports Corp holds a majority stake in MSG Networks, a regional cable network that broadcasts live sporting events, news and original programming.