The Madison Square Garden Company $MSGS Shares Acquired by Systematic Financial Management LP

Systematic Financial Management LP lifted its holdings in shares of The Madison Square Garden Company (NYSE:MSGS) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,489 shares of the company’s stock after buying an additional 5,450 shares during the quarter. Madison Square Garden makes up approximately 1.0% of Systematic Financial Management LP’s investment portfolio, making the stock its 28th largest position. Systematic Financial Management LP’s holdings in Madison Square Garden were worth $40,476,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MSGS. Scopus Asset Management L.P. acquired a new position in shares of Madison Square Garden during the 2nd quarter worth approximately $14,787,000. Citigroup Inc. raised its stake in shares of Madison Square Garden by 294.7% during the 3rd quarter. Citigroup Inc. now owns 39,718 shares of the company’s stock worth $9,016,000 after buying an additional 29,656 shares during the period. New Age Alpha Advisors LLC raised its stake in shares of Madison Square Garden by 3,115.1% during the 3rd quarter. New Age Alpha Advisors LLC now owns 25,785 shares of the company’s stock worth $5,853,000 after buying an additional 24,983 shares during the period. UBS Group AG raised its stake in shares of Madison Square Garden by 37.6% during the 3rd quarter. UBS Group AG now owns 89,694 shares of the company’s stock worth $20,361,000 after buying an additional 24,494 shares during the period. Finally, Clearline Capital LP raised its stake in shares of Madison Square Garden by 24.0% during the 3rd quarter. Clearline Capital LP now owns 121,116 shares of the company’s stock worth $27,493,000 after buying an additional 23,425 shares during the period. 68.94% of the stock is owned by institutional investors and hedge funds.

Madison Square Garden Stock Up 0.4%

NYSE MSGS opened at $353.80 on Friday. The Madison Square Garden Company has a 52 week low of $186.00 and a 52 week high of $360.45. The business’s fifty day simple moving average is $329.99 and its 200-day simple moving average is $286.98. The firm has a market cap of $8.52 billion, a PE ratio of -380.42 and a beta of 0.59.

Madison Square Garden (NYSE:MSGS) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.83) EPS for the quarter, missing the consensus estimate of $0.56 by ($1.39). The firm had revenue of $432.20 million during the quarter, compared to analyst estimates of $429.66 million. During the same quarter in the previous year, the company posted ($0.59) EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts expect that The Madison Square Garden Company will post -0.5 EPS for the current year.

Analyst Ratings Changes

MSGS has been the subject of several research reports. Weiss Ratings upgraded Madison Square Garden from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, March 27th. Citigroup boosted their price target on Madison Square Garden from $355.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Guggenheim boosted their price target on Madison Square Garden from $401.00 to $422.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Susquehanna boosted their price target on Madison Square Garden from $388.00 to $404.00 and gave the stock a “positive” rating in a research report on Thursday, May 14th. Finally, JPMorgan Chase & Co. boosted their price target on Madison Square Garden from $240.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $342.20.

Madison Square Garden Profile

Madison Square Garden Sports Corp (NYSE: MSGS) is a leading sports and entertainment holding company focused on professional sports franchises and related media assets. The company owns and operates teams such as the NBA’s New York Knicks, the NHL’s New York Rangers and the WNBA’s New York Liberty. Through these flagship franchises, MSG Sports offers a range of products and services including ticketing, premium seating and sponsorship opportunities, targeting fans in the New York metropolitan area and beyond.

In addition to team operations, Madison Square Garden Sports Corp holds a majority stake in MSG Networks, a regional cable network that broadcasts live sporting events, news and original programming.