Private Advisors LLC increased its stake in shares of Madison Square Garden Co (NYSE:MSG) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,616 shares of the company’s stock after purchasing an additional 59 shares during the period. Madison Square Garden makes up approximately 1.5% of Private Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Private Advisors LLC’s holdings in Madison Square Garden were worth $1,646,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Clarfeld Financial Advisors LLC bought a new position in Madison Square Garden during the fourth quarter worth about $27,000. Citizens Financial Group Inc RI bought a new position in Madison Square Garden during the first quarter worth about $29,000. Quadrant Capital Group LLC lifted its holdings in Madison Square Garden by 1,226.7% during the first quarter. Quadrant Capital Group LLC now owns 199 shares of the company’s stock worth $57,000 after acquiring an additional 184 shares in the last quarter. QS Investors LLC bought a new stake in shares of Madison Square Garden in the fourth quarter valued at about $134,000. Finally, Athena Capital Advisors LLC bought a new stake in shares of Madison Square Garden in the fourth quarter valued at about $135,000. 73.22% of the stock is owned by institutional investors and hedge funds.

NYSE MSG traded up $0.08 on Friday, hitting $292.50. 180,262 shares of the company’s stock were exchanged, compared to its average volume of 117,007. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.07 and a quick ratio of 2.07. Madison Square Garden Co has a 52 week low of $240.33 and a 52 week high of $330.00. The stock has a market capitalization of $6.95 billion, a PE ratio of 49.24 and a beta of 0.60.

Madison Square Garden (NYSE:MSG) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.10. Madison Square Garden had a return on equity of 1.48% and a net margin of 2.29%. The company had revenue of $517.19 million during the quarter, compared to analysts’ expectations of $525.06 million. During the same period in the prior year, the company earned $0.38 EPS. Madison Square Garden’s revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts expect that Madison Square Garden Co will post 1.25 earnings per share for the current year.

MSG has been the topic of a number of recent research reports. Zacks Investment Research raised Madison Square Garden from a “hold” rating to a “buy” rating and set a $345.00 target price on the stock in a research report on Monday, April 22nd. Imperial Capital reaffirmed a “buy” rating and issued a $383.00 target price on shares of Madison Square Garden in a research report on Friday, March 29th. TheStreet downgraded Madison Square Garden from a “b-” rating to a “c+” rating in a research report on Tuesday, March 26th. Finally, Morgan Stanley lifted their target price on Madison Square Garden from $310.00 to $340.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $352.83.

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

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