Teachers Advisors LLC Sells 352 Shares of Madison Square Garden Co (MSG)

Teachers Advisors LLC lessened its stake in Madison Square Garden Co (NYSE:MSG) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 120,737 shares of the company’s stock after selling 352 shares during the quarter. Teachers Advisors LLC’s holdings in Madison Square Garden were worth $25,457,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in Madison Square Garden by 5.6% during the second quarter. The Manufacturers Life Insurance Company now owns 751 shares of the company’s stock worth $148,000 after purchasing an additional 40 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Madison Square Garden by 78.9% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 592 shares of the company’s stock worth $127,000 after purchasing an additional 261 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Madison Square Garden by 11.4% during the third quarter. Pacer Advisors Inc. now owns 3,181 shares of the company’s stock worth $681,000 after purchasing an additional 325 shares during the last quarter. Boothbay Fund Management LLC lifted its stake in Madison Square Garden by 15.6% during the third quarter. Boothbay Fund Management LLC now owns 2,421 shares of the company’s stock worth $518,000 after purchasing an additional 326 shares during the last quarter. Finally, Lafayette Investments Inc. lifted its stake in Madison Square Garden by 0.9% during the third quarter. Lafayette Investments Inc. now owns 36,316 shares of the company’s stock worth $7,775,000 after purchasing an additional 335 shares during the last quarter. Institutional investors and hedge funds own 70.88% of the company’s stock.

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Several equities research analysts recently weighed in on the company. TheStreet upgraded Madison Square Garden from a “c” rating to a “b” rating in a research note on Friday, February 2nd. ValuEngine upgraded Madison Square Garden from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Zacks Investment Research cut Madison Square Garden from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 3rd. Finally, Morgan Stanley cut Madison Square Garden from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $218.50 to $245.00 in a research note on Tuesday, December 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $223.63.

Madison Square Garden stock opened at $241.66 on Friday. Madison Square Garden Co has a 12-month low of $189.96 and a 12-month high of $254.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.93 and a quick ratio of 1.93.

Madison Square Garden (NYSE:MSG) last released its quarterly earnings results on Friday, February 2nd. The company reported $3.19 EPS for the quarter, topping the consensus estimate of $1.87 by $1.32. The company had revenue of $536.30 million for the quarter, compared to analyst estimates of $523.45 million. Madison Square Garden had a negative return on equity of 1.00% and a net margin of 5.21%. The firm’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.39 earnings per share. equities analysts anticipate that Madison Square Garden Co will post 0.75 earnings per share for the current year.

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Madison Square Garden Company Profile

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 Madison Square Garden (NYSE:MSG)

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