Parametrica Management Ltd acquired a new position in The Madison Square Garden Company (NYSE:MSG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,684 shares of the company’s stock, valued at approximately $332,000.

A number of other hedge funds also recently modified their holdings of MSG. Norman Fields Gottscho Capital Management LLC boosted its stake in shares of The Madison Square Garden by 4.5% in the first quarter. Norman Fields Gottscho Capital Management LLC now owns 19,252 shares of the company’s stock worth $3,845,000 after buying an additional 828 shares during the period. Bank of Montreal Can boosted its stake in shares of The Madison Square Garden by 5.5% in the first quarter. Bank of Montreal Can now owns 20,258 shares of the company’s stock worth $4,045,000 after buying an additional 1,050 shares during the period. CGOV Asset Management bought a new stake in shares of The Madison Square Garden during the first quarter worth about $266,000. Telemus Capital LLC bought a new stake in shares of The Madison Square Garden during the first quarter worth about $1,389,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of The Madison Square Garden by 4.6% in the first quarter. State of Alaska Department of Revenue now owns 2,306 shares of the company’s stock worth $460,000 after buying an additional 102 shares during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

The Madison Square Garden Company (NYSE MSG) opened at 217.42 on Thursday. The stock’s 50 day moving average price is $207.86 and its 200 day moving average price is $197.00. The company’s market capitalization is $5.12 billion. The Madison Square Garden Company has a 12 month low of $160.96 and a 12 month high of $223.06.

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A number of analysts recently issued reports on MSG shares. J P Morgan Chase & Co reissued an “overweight” rating and set a $245.00 price objective on shares of The Madison Square Garden in a report on Thursday, April 20th. Bank of America Corporation initiated coverage on The Madison Square Garden in a report on Tuesday, May 2nd. They set a “buy” rating and a $243.00 price objective on the stock. Jefferies Group LLC restated a “hold” rating and issued a $185.00 target price on shares of The Madison Square Garden in a research note on Friday, May 5th. Citigroup Inc. decreased their target price on The Madison Square Garden from $102.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, May 8th. Finally, Zacks Investment Research lowered The Madison Square Garden from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The Madison Square Garden has a consensus rating of “Hold” and an average price target of $204.91.

The 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.

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

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