Aperio Group LLC increased its stake in The Madison Square Garden Company (NYSE:MSG) by 11.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,067 shares of the company’s stock after purchasing an additional 514 shares during the quarter. Aperio Group LLC’s holdings in The Madison Square Garden were worth $1,085,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Quinn Opportunity Partners LLC raised its holdings in 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 purchasing an additional 9,540 shares during the period. First Trust Advisors LP raised its holdings in The Madison Square Garden by 77.2% during the second quarter. First Trust Advisors LP now owns 28,852 shares of the company’s stock valued at $5,681,000 after acquiring an additional 12,573 shares during the period. Chicago Equity Partners LLC bought a new stake in The Madison Square Garden during the second quarter valued at about $1,410,000. Cowen Inc. bought a new stake in The Madison Square Garden during the second quarter valued at about $1,119,000. Finally, GAM Holding AG raised its holdings in The Madison Square Garden by 77.5% during the second quarter. GAM Holding AG now owns 13,658 shares of the company’s stock valued at $2,689,000 after acquiring an additional 5,964 shares during the period. 68.03% of the stock is currently owned by institutional investors.

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The Madison Square Garden Company (MSG) opened at $218.46 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.04. The Madison Square Garden Company has a 12-month low of $166.86 and a 12-month high of $231.44.

The Madison Square Garden (NYSE:MSG) last issued its quarterly earnings data on Friday, November 3rd. The company reported ($0.47) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.65) by $0.18. The firm had revenue of $245.04 million during the quarter, compared to analyst estimates of $237.06 million. The Madison Square Garden had a negative return on equity of 1.75% and a negative net margin of 4.00%. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the business posted ($1.19) earnings per share. equities research analysts anticipate that The Madison Square Garden Company will post 0.66 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the company. Zacks Investment Research cut The Madison Square Garden from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Jefferies Group LLC raised their price target on The Madison Square Garden from $185.00 to $200.00 and gave the company a “hold” rating in a report on Friday, August 18th. Loop Capital raised their price target on The Madison Square Garden from $266.00 to $268.00 and gave the company a “buy” rating in a report on Monday, November 6th. Morgan Stanley reissued an “overweight” rating and set a $245.00 price target (up from $215.00) on shares of The Madison Square Garden in a report on Tuesday, July 25th. Finally, BTIG Research set a $260.00 price target on The Madison Square Garden and gave the company a “buy” rating in a report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The Madison Square Garden currently has a consensus rating of “Buy” and a consensus price target of $217.78.

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.

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

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