Intrepid Capital Management Inc. Has $7.33 Million Holdings in Madison Square Garden Co (NYSE:MSG)

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Intrepid Capital Management Inc. raised its stake in Madison Square Garden Co (NYSE:MSG) by 5.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 25,012 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Madison Square Garden accounts for approximately 3.5% of Intrepid Capital Management Inc.’s holdings, making the stock its 9th biggest position. Intrepid Capital Management Inc.’s holdings in Madison Square Garden were worth $7,332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Clarfeld Financial Advisors LLC acquired a new stake in Madison Square Garden during the 4th quarter valued at $27,000. Citizens Financial Group Inc RI acquired a new stake in Madison Square Garden during the 1st quarter valued at $29,000. Quadrant Capital Group LLC raised its stake in Madison Square Garden by 1,226.7% during the 1st quarter. Quadrant Capital Group LLC now owns 199 shares of the company’s stock valued at $57,000 after purchasing an additional 184 shares during the period. QS Investors LLC acquired a new stake in Madison Square Garden during the 4th quarter valued at $134,000. Finally, Athena Capital Advisors LLC acquired a new stake in Madison Square Garden during the 4th quarter valued at $135,000. 73.22% of the stock is currently owned by institutional investors.

Several research firms have recently commented on MSG. Zacks Investment Research cut shares of Madison Square Garden from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Imperial Capital lowered their price target on shares of Madison Square Garden from $383.00 to $376.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. Morgan Stanley boosted their price target on shares of Madison Square Garden from $310.00 to $340.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, TheStreet cut shares of Madison Square Garden from a “b-” rating to a “c+” rating in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $352.83.

Shares of Madison Square Garden stock traded down $1.24 on Friday, hitting $291.18. 1,504 shares of the company traded hands, compared to its average volume of 118,278. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.03. Madison Square Garden Co has a 12-month low of $240.33 and a 12-month high of $330.00. The stock has a market cap of $6.95 billion, a P/E ratio of 49.11 and a beta of 0.60.

Madison Square Garden (NYSE:MSG) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.38 by $0.10. Madison Square Garden had a net margin of 2.29% and a return on equity of 1.48%. The business had revenue of $517.19 million for the quarter, compared to analysts’ expectations of $525.06 million. During the same period in the previous year, the company posted $0.38 EPS. Madison Square Garden’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts expect that Madison Square Garden Co will post 1.25 earnings per share for the current fiscal year.

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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.

Read More: How are institutional investors different from individual investors?

Want to see what other hedge funds are holding MSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Madison Square Garden Co (NYSE:MSG).

Institutional Ownership by Quarter for Madison Square Garden (NYSE:MSG)

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