Madison Square Garden Co (MSG) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC boosted its stake in shares of Madison Square Garden Co (NYSE:MSG) by 0.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,746 shares of the company’s stock after purchasing an additional 105 shares during the period. Teachers Advisors LLC owned about 0.38% of Madison Square Garden worth $28,614,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in MSG. Bank of New York Mellon Corp boosted its stake in shares of Madison Square Garden by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 67,112 shares of the company’s stock worth $20,818,000 after acquiring an additional 1,213 shares during the period. Atria Investments LLC bought a new position in shares of Madison Square Garden in the third quarter worth about $276,000. State of Alaska Department of Revenue boosted its stake in shares of Madison Square Garden by 5.0% in the third quarter. State of Alaska Department of Revenue now owns 7,622 shares of the company’s stock worth $2,402,000 after acquiring an additional 365 shares during the period. Bank of Montreal Can boosted its stake in shares of Madison Square Garden by 5.0% in the third quarter. Bank of Montreal Can now owns 31,226 shares of the company’s stock worth $9,846,000 after acquiring an additional 1,496 shares during the period. Finally, Scout Investments Inc. purchased a new stake in shares of Madison Square Garden in the third quarter worth about $18,377,000. 70.69% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:MSG opened at $287.88 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.72 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $6.72 billion, a P/E ratio of 48.46 and a beta of 0.53. Madison Square Garden Co has a 12 month low of $205.22 and a 12 month high of $330.00.
A number of research firms recently commented on MSG. Zacks Investment Research upgraded Madison Square Garden from a “hold” rating to a “buy” rating and set a $316.00 target price on the stock in a research report on Wednesday, October 24th. Morgan Stanley decreased their target price on Madison Square Garden from $320.00 to $310.00 and set an “equal weight” rating on the stock in a research report on Friday, November 30th. Finally, Macquarie reiterated a “buy” rating and issued a $356.00 target price on shares of Madison Square Garden in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $339.67.
Madison Square Garden Profile
The Madison Square Garden Company, together with its subsidiaries, engages in live sports and entertainment businesses in the United States. The company operates in two segments, MSG Sports and MSG Entertainment. The MSG Sports segment owns and operates professional sports franchises; and promotes, produces, and/or presents an array of other live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling.
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