American International Group Inc. decreased its position in The Madison Square Garden Company (NYSE:MSG) by 9.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 508 shares of the company’s stock after selling 55 shares during the period. American International Group Inc.’s holdings in The Madison Square Garden were worth $101,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of MSG. State of Alaska Department of Revenue raised its position in The Madison Square Garden by 4.6% in the first quarter. State of Alaska Department of Revenue now owns 2,306 shares of the company’s stock worth $460,000 after buying an additional 102 shares during the last quarter. Bank of Montreal Can raised its position in The Madison Square Garden by 5.5% in the first quarter. Bank of Montreal Can now owns 20,258 shares of the company’s stock worth $4,045,000 after buying an additional 1,050 shares during the last quarter. AlphaOne Investment Services LLC acquired a new position in The Madison Square Garden during the first quarter worth $939,000. Quantbot Technologies LP raised its position in The Madison Square Garden by 20.1% in the first quarter. Quantbot Technologies LP now owns 1,614 shares of the company’s stock worth $322,000 after buying an additional 270 shares during the last quarter. Finally, CGOV Asset Management acquired a new position in The Madison Square Garden during the first quarter worth $266,000. 85.22% of the stock is currently owned by institutional investors and hedge funds.

The Madison Square Garden Company (NYSE:MSG) traded up 0.29% during mid-day trading on Friday, hitting $215.66. The stock had a trading volume of 5,569 shares. The company’s market cap is $5.08 billion. The firm’s 50-day moving average is $205.81 and its 200 day moving average is $195.52. The Madison Square Garden Company has a 12 month low of $160.96 and a 12 month high of $223.06.

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MSG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered The Madison Square Garden from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Bank of America Corporation initiated coverage on The Madison Square Garden in a report on Tuesday, May 2nd. They set a “buy” rating and a $243.00 target price on the stock. Jefferies Group LLC reissued a “hold” rating and set a $185.00 target price on shares of The Madison Square Garden in a report on Friday, May 5th. Morgan Stanley reissued an “overweight” rating and set a $245.00 target price (up from $215.00) on shares of The Madison Square Garden in a report on Tuesday, July 25th. Finally, Citigroup Inc. decreased their target price on The Madison Square Garden from $102.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $204.91.

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.

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

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