Eagle Asset Management Inc. boosted its position in The Madison Square Garden Co. (NYSE:MSG) by 6.3% during the third quarter, Holdings Channel reports. The firm owned 97,979 shares of the company’s stock after buying an additional 5,809 shares during the period. Eagle Asset Management Inc.’s holdings in The Madison Square Garden were worth $16,598,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Emerald Acquisition Ltd. bought a new stake in The Madison Square Garden during the second quarter worth about $16,642,000. Dimensional Fund Advisors LP increased its stake in The Madison Square Garden by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 401,369 shares of the company’s stock worth $69,241,000 after buying an additional 60,272 shares during the period. EverPoint Asset Management LLC bought a new stake in The Madison Square Garden during the second quarter worth about $10,351,000. Point72 Asset Management L.P. bought a new stake in The Madison Square Garden during the second quarter worth about $9,764,000. Finally, PNC Financial Services Group Inc. increased its stake in The Madison Square Garden by 19.5% in the second quarter. PNC Financial Services Group Inc. now owns 252,642 shares of the company’s stock worth $43,583,000 after buying an additional 41,229 shares during the period. 86.71% of the stock is currently owned by institutional investors.

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

The Madison Square Garden Co. (NYSE:MSG) traded up 0.66% on Wednesday, reaching $174.51. 25,390 shares of the company’s stock traded hands. The Madison Square Garden Co. has a 52 week low of $139.10 and a 52 week high of $188.80. The firm’s market capitalization is $4.18 billion. The stock has a 50-day moving average of $167.71 and a 200 day moving average of $172.62.

The Madison Square Garden (NYSE:MSG) last announced its earnings results on Friday, November 4th. The company reported ($1.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.15) by $0.04. The business had revenue of $181.70 million for the quarter, compared to analysts’ expectations of $167.95 million. The Madison Square Garden had a negative net margin of 9.10% and a negative return on equity of 4.58%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.06) earnings per share. On average, equities analysts expect that The Madison Square Garden Co. will post ($0.49) EPS for the current fiscal year.

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A number of research firms have recently issued reports on MSG. Loop Capital reissued a “buy” rating and issued a $217.00 price target on shares of The Madison Square Garden in a research note on Tuesday, August 16th. Zacks Investment Research downgraded shares of The Madison Square Garden from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th. Jefferies Group downgraded shares of The Madison Square Garden from a “buy” rating to a “hold” rating and set a $185.00 price target on the stock. in a research note on Monday, August 22nd. They noted that the move was a valuation call. Albert Fried & Company reduced their price target on shares of The Madison Square Garden from $170.00 to $150.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 28th. Finally, Stifel Nicolaus boosted their price target on shares of The Madison Square Garden from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, August 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $196.82.

In other The Madison Square Garden news, insider Kathleen Margaret Dolan bought 15,954 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were purchased at an average cost of $182.96 per share, for a total transaction of $2,918,943.84. Following the transaction, the insider now owns 1,568 shares of the company’s stock, valued at $286,881.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 18.64% of the company’s stock.

The Madison Square Garden Company 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.

5 Day Chart for NYSE:MSG

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