Quantinno Capital Management LP Has $33.53 Million Holdings in The Madison Square Garden Company $MSGS

Quantinno Capital Management LP increased its position in The Madison Square Garden Company (NYSE:MSGS) by 76.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 104,312 shares of the company’s stock after buying an additional 45,223 shares during the period. Quantinno Capital Management LP’s holdings in Madison Square Garden were worth $33,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gabelli Funds LLC grew its holdings in Madison Square Garden by 0.9% in the fourth quarter. Gabelli Funds LLC now owns 394,292 shares of the company’s stock valued at $101,984,000 after purchasing an additional 3,607 shares during the period. M&T Bank Corp lifted its position in shares of Madison Square Garden by 1,394.6% during the 4th quarter. M&T Bank Corp now owns 16,396 shares of the company’s stock valued at $4,241,000 after buying an additional 15,299 shares in the last quarter. Assetmark Inc. grew its stake in Madison Square Garden by 38.7% in the 4th quarter. Assetmark Inc. now owns 11,794 shares of the company’s stock valued at $3,051,000 after acquiring an additional 3,288 shares during the period. Gamco Investors INC. ET AL increased its holdings in Madison Square Garden by 1.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 613,391 shares of the company’s stock worth $158,654,000 after acquiring an additional 6,873 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in Madison Square Garden by 46.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 19,162 shares of the company’s stock worth $4,956,000 after acquiring an additional 6,041 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MSGS. Seaport Research Partners increased their price objective on shares of Madison Square Garden from $430.00 to $435.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Morgan Stanley upgraded shares of Madison Square Garden from an “equal weight” rating to an “overweight” rating and set a $450.00 price target for the company in a research report on Wednesday, July 15th. Citigroup raised their price target on shares of Madison Square Garden from $355.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research lowered Madison Square Garden from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. increased their target price on Madison Square Garden from $400.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $442.40.

Madison Square Garden Trading Up 1.8%

Shares of MSGS stock opened at $405.62 on Friday. The company’s 50-day moving average price is $384.33 and its 200-day moving average price is $339.26. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of -436.15 and a beta of 0.61. The Madison Square Garden Company has a twelve month low of $188.60 and a twelve month high of $411.73.

Madison Square Garden (NYSE:MSGS) last issued its earnings results on Friday, May 8th. The company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($1.39). The business had revenue of $432.20 million for the quarter, compared to the consensus estimate of $429.66 million. During the same quarter in the previous year, the business earned ($0.59) earnings per share. Madison Square Garden’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts predict that The Madison Square Garden Company will post -0.06 EPS for the current year.

Madison Square Garden 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.