The Madison Square Garden Company $MSGS Shares Sold by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC lessened its position in The Madison Square Garden Company (NYSE:MSGS) by 11.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,945 shares of the company’s stock after selling 1,525 shares during the period. EagleClaw Capital Managment LLC’s holdings in Madison Square Garden were worth $2,496,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Gamco Investors INC. ET AL grew its stake in Madison Square Garden by 2.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 603,324 shares of the company’s stock worth $117,479,000 after acquiring an additional 14,669 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Madison Square Garden by 6.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 528,545 shares of the company’s stock valued at $102,919,000 after purchasing an additional 29,938 shares during the period. Greenhouse Funds LLLP increased its stake in Madison Square Garden by 3.5% in the first quarter. Greenhouse Funds LLLP now owns 408,327 shares of the company’s stock valued at $79,509,000 after purchasing an additional 13,707 shares during the last quarter. Victory Capital Management Inc. lifted its position in Madison Square Garden by 523.2% during the first quarter. Victory Capital Management Inc. now owns 347,800 shares of the company’s stock worth $67,724,000 after buying an additional 291,989 shares during the period. Finally, Northern Trust Corp boosted its stake in Madison Square Garden by 15.9% in the 1st quarter. Northern Trust Corp now owns 135,191 shares of the company’s stock worth $26,324,000 after buying an additional 18,529 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MSGS. Zacks Research raised shares of Madison Square Garden from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. upped their price target on shares of Madison Square Garden from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Wolfe Research reiterated an “outperform” rating on shares of Madison Square Garden in a report on Monday, November 3rd. Citigroup initiated coverage on shares of Madison Square Garden in a research note on Tuesday, September 9th. They set a “buy” rating and a $285.00 price objective for the company. Finally, Weiss Ratings downgraded Madison Square Garden from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, November 7th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Madison Square Garden has a consensus rating of “Moderate Buy” and a consensus price target of $260.50.

Madison Square Garden Stock Performance

Shares of NYSE:MSGS opened at $220.61 on Thursday. The business’s 50-day simple moving average is $219.11 and its 200 day simple moving average is $205.26. The company has a market cap of $5.30 billion, a P/E ratio of -225.11 and a beta of 0.77. The Madison Square Garden Company has a one year low of $173.26 and a one year high of $237.99.

Madison Square Garden (NYSE:MSGS) last issued its quarterly earnings data on Friday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.04) by $0.67. The company had revenue of $39.45 million during the quarter, compared to the consensus estimate of $41.41 million. Madison Square Garden had a negative net margin of 2.31% and a negative return on equity of 1.76%. Madison Square Garden’s revenue for the quarter was down 26.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.31) earnings per share. Analysts predict that The Madison Square Garden Company will post 0.73 earnings per share for the current year.

About Madison Square Garden

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.