Cowen Inc. acquired a new position in The Madison Square Garden Company (NYSE:MSG) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 5,684 shares of the company’s stock, valued at approximately $1,119,000.

Other institutional investors have also added to or reduced their stakes in the company. Quinn Opportunity Partners LLC boosted its position in shares of The Madison Square Garden by 119.3% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 17,540 shares of the company’s stock worth $3,454,000 after buying an additional 9,540 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of The Madison Square Garden by 268.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 118,256 shares of the company’s stock worth $23,617,000 after buying an additional 86,155 shares in the last quarter. First Trust Advisors LP boosted its position in shares of The Madison Square Garden by 77.2% in the 2nd quarter. First Trust Advisors LP now owns 28,852 shares of the company’s stock worth $5,681,000 after buying an additional 12,573 shares in the last quarter. BlackRock Inc. boosted its position in shares of The Madison Square Garden by 13,915.4% in the 1st quarter. BlackRock Inc. now owns 767,202 shares of the company’s stock worth $153,216,000 after buying an additional 761,728 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new stake in shares of The Madison Square Garden in the 2nd quarter worth about $332,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Several research firms recently commented on MSG. BTIG Research set a $260.00 price objective on shares of The Madison Square Garden and gave the stock a “buy” rating in a research report on Monday. Jefferies Group LLC boosted their price objective on shares of The Madison Square Garden from $185.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Morgan Stanley reiterated an “overweight” rating and issued a $245.00 price objective (up from $215.00) on shares of The Madison Square Garden in a research report on Tuesday, July 25th. Zacks Investment Research lowered shares of The Madison Square Garden from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, ValuEngine upgraded shares of The Madison Square Garden from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The Madison Square Garden currently has a consensus rating of “Hold” and an average price target of $204.67.

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The Madison Square Garden Company (NYSE MSG) traded up 0.53% on Tuesday, reaching $225.36. 8,636 shares of the company’s stock were exchanged. The stock’s market capitalization is $5.31 billion. The Madison Square Garden Company has a 1-year low of $160.96 and a 1-year high of $226.95. The firm’s 50 day moving average is $215.64 and its 200 day moving average is $201.38.

The Madison Square Garden (NYSE:MSG) last announced its quarterly earnings data on Thursday, August 17th. The company reported ($3.58) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.10) by ($2.48). The Madison Square Garden had a negative return on equity of 2.43% and a negative net margin of 5.52%. The business had revenue of $305.60 million for the quarter, compared to analyst estimates of $279.19 million. During the same quarter in the previous year, the business posted ($2.39) earnings per share. The company’s revenue was up 40.3% compared to the same quarter last year. Analysts expect that The Madison Square Garden Company will post $0.71 EPS for the current year.

About The Madison Square Garden

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 The Madison Square Garden (NYSE:MSG)

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