Moors & Cabot Inc. lifted its holdings in shares of The Madison Square Garden Company (NYSE:MSG) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,817 shares of the company’s stock after buying an additional 115 shares during the period. Moors & Cabot Inc.’s holdings in The Madison Square Garden were worth $760,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Barington Capital Group L.P. boosted its stake in shares of The Madison Square Garden by 666.3% during the 2nd quarter. Barington Capital Group L.P. now owns 15,326 shares of the company’s stock worth $3,018,000 after buying an additional 13,326 shares during the last quarter. Maverick Capital Ltd. acquired a new position in shares of The Madison Square Garden during the 2nd quarter worth about $176,000. Janus Henderson Group PLC acquired a new position in shares of The Madison Square Garden during the 2nd quarter worth about $75,632,000. Goldman Sachs Group Inc. boosted its stake in shares of The Madison Square Garden by 45.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 172,447 shares of the company’s stock worth $33,955,000 after buying an additional 54,191 shares during the last quarter. Finally, Clinton Group Inc. acquired a new position in shares of The Madison Square Garden during the 2nd quarter worth about $641,000. Institutional investors own 70.83% of the company’s stock.

A number of equities analysts have recently commented on MSG shares. Zacks Investment Research downgraded shares of The Madison Square Garden from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Morgan Stanley reiterated an “overweight” rating and issued a $245.00 target price (up from $215.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. Jefferies Group LLC raised their target price on shares of The Madison Square Garden from $185.00 to $200.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Finally, BTIG Research reiterated a “buy” rating and issued a $260.00 target price (up from $240.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $211.50.

Shares of The Madison Square Garden Company (NYSE MSG) traded down 0.1263% during midday trading on Monday, reaching $211.4625. 32,694 shares of the company traded hands. The Madison Square Garden Company has a 12-month low of $160.96 and a 12-month high of $226.95. The company has a 50-day moving average of $215.44 and a 200 day moving average of $205.03. The firm’s market capitalization is $4.98 billion.

The Madison Square Garden (NYSE:MSG) last posted its quarterly earnings data on Thursday, August 17th. The company reported ($3.58) EPS for the quarter, missing the consensus estimate of ($1.10) by ($2.48). The Madison Square Garden had a negative net margin of 5.52% and a negative return on equity of 2.43%. The firm had revenue of $305.60 million during the quarter, compared to analysts’ expectations of $279.19 million. During the same quarter in the previous year, the company posted ($2.39) EPS. The Madison Square Garden’s revenue for the quarter was up 40.3% on a year-over-year basis. On average, equities analysts forecast that The Madison Square Garden Company will post $0.58 earnings per share for the current year.

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The 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.

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

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