Waratah Capital Advisors Ltd. boosted its holdings in Madison Square Garden Co (NYSE:MSG) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,033 shares of the company’s stock after purchasing an additional 5,428 shares during the period. Madison Square Garden makes up 1.5% of Waratah Capital Advisors Ltd.’s portfolio, making the stock its 24th largest position. Waratah Capital Advisors Ltd. owned 0.27% of Madison Square Garden worth $13,291,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Gruss Capital Management LP lifted its stake in Madison Square Garden by 51.8% in the third quarter. Gruss Capital Management LP now owns 349,172 shares of the company’s stock worth $74,758,000 after purchasing an additional 119,172 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Madison Square Garden by 1,192.1% in the third quarter. Canada Pension Plan Investment Board now owns 15,066 shares of the company’s stock valued at $3,226,000 after acquiring an additional 13,900 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Madison Square Garden by 21.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,139 shares of the company’s stock valued at $1,084,000 after acquiring an additional 900 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Madison Square Garden by 23.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 79,659 shares of the company’s stock valued at $17,055,000 after acquiring an additional 14,877 shares during the period. Finally, Magnetar Financial LLC purchased a new position in shares of Madison Square Garden in the third quarter valued at about $1,250,000. 69.05% of the stock is owned by institutional investors and hedge funds.
Madison Square Garden Co (MSG) opened at $226.98 on Friday. Madison Square Garden Co has a 52-week low of $173.98 and a 52-week high of $231.44. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a market cap of $5,326.96, a PE ratio of 71.60 and a beta of 0.99.
Madison Square Garden (NYSE:MSG) last announced its quarterly earnings results on Friday, February 2nd. The company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $1.32. Madison Square Garden had a net margin of 5.21% and a negative return on equity of 1.00%. The company had revenue of $536.30 million for the quarter, compared to analysts’ expectations of $523.45 million. During the same quarter in the previous year, the company earned $2.39 earnings per share. Madison Square Garden’s quarterly revenue was up 20.5% on a year-over-year basis. research analysts forecast that Madison Square Garden Co will post 0.75 EPS for the current fiscal year.
A number of research firms have issued reports on MSG. TheStreet upgraded shares of Madison Square Garden from a “c” rating to a “b” rating in a research report on Friday, February 2nd. ValuEngine upgraded shares of Madison Square Garden from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research cut shares of Madison Square Garden from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 3rd. Morgan Stanley cut shares of Madison Square Garden from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $218.50 to $245.00 in a research report on Tuesday, December 5th. Finally, Loop Capital boosted their price objective on shares of Madison Square Garden from $266.00 to $268.00 and gave the company a “buy” rating in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $223.63.
Madison Square Garden 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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