Toronto Dominion Bank purchased a new position in shares of Madison Square Garden Co (NYSE:MSG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,117 shares of the company’s stock, valued at approximately $346,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSG. Citizens Financial Group Inc RI acquired a new stake in shares of Madison Square Garden during the first quarter worth about $29,000. AdvisorNet Financial Inc bought a new position in shares of Madison Square Garden during the second quarter worth about $30,000. Advisory Services Network LLC grew its holdings in shares of Madison Square Garden by 850.0% during the second quarter. Advisory Services Network LLC now owns 171 shares of the company’s stock worth $48,000 after buying an additional 153 shares in the last quarter. Trust Co. of Vermont bought a new position in shares of Madison Square Garden during the second quarter worth about $49,000. Finally, Seeyond grew its holdings in shares of Madison Square Garden by 105.4% during the second quarter. Seeyond now owns 267 shares of the company’s stock worth $75,000 after buying an additional 137 shares in the last quarter. 73.02% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on MSG shares. ValuEngine upgraded Madison Square Garden from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 2nd. Imperial Capital decreased their price target on Madison Square Garden from $377.00 to $362.00 and set an “outperform” rating for the company in a research note on Wednesday, August 21st. Guggenheim set a $350.00 price target on Madison Square Garden and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Morgan Stanley decreased their price target on Madison Square Garden from $340.00 to $320.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Madison Square Garden currently has a consensus rating of “Buy” and a consensus price target of $346.60.

Shares of NYSE MSG traded up $0.18 during midday trading on Thursday, hitting $267.96. 159,891 shares of the company’s stock were exchanged, compared to its average volume of 350,211. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.02. Madison Square Garden Co has a 12 month low of $240.33 and a 12 month high of $317.70. The company’s 50 day moving average price is $270.83 and its 200 day moving average price is $288.94. The firm has a market capitalization of $6.44 billion, a PE ratio of 558.26 and a beta of 0.54.

Madison Square Garden (NYSE:MSG) last released its quarterly earnings results on Tuesday, August 20th. The company reported ($3.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.34) by ($0.74). The firm had revenue of $263.56 million for the quarter, compared to analyst estimates of $270.09 million. Madison Square Garden had a return on equity of 0.43% and a net margin of 0.70%. The business’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same period in the previous year, the business posted ($1.94) earnings per share. On average, equities research analysts anticipate that Madison Square Garden Co will post 0.69 EPS for the current year.

Madison Square Garden Company Profile

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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