Shares of The Madison Square Garden Company (NYSE:MSG) reached a new 52-week high on Tuesday . The company traded as high as $223.75 and last traded at $224.13, with a volume of 307,414 shares traded. The stock had previously closed at $209.44.

A number of analysts have weighed in on MSG shares. Zacks Investment Research cut The Madison Square Garden from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. ValuEngine raised The Madison Square Garden from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. decreased their price objective on The Madison Square Garden from $102.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, May 15th. Jefferies Group LLC reaffirmed a “hold” rating and set a $185.00 price objective on shares of The Madison Square Garden in a research report on Monday, May 15th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $245.00 price objective (up from $215.00) on shares of The Madison Square Garden in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $204.67.

The company’s 50 day moving average is $213.01 and its 200-day moving average is $200.04. The firm’s market capitalization is $5.26 billion.

The Madison Square Garden (NYSE:MSG) last issued its quarterly earnings data on Thursday, August 17th. The company reported ($3.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.10) by $2.48. The business had revenue of $305.60 million for the quarter, compared to analyst estimates of $279.19 million. The Madison Square Garden had a negative return on equity of 2.43% and a negative net margin of 5.52%. The business’s quarterly revenue was up 40.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.39) earnings per share. Equities analysts anticipate that The Madison Square Garden Company will post $0.71 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of The Madison Square Garden by 8.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 712 shares of the company’s stock worth $140,000 after buying an additional 58 shares during the period. Westside Investment Management Inc. lifted its position in The Madison Square Garden by 137.3% in the first quarter. Westside Investment Management Inc. now owns 719 shares of the company’s stock worth $141,000 after purchasing an additional 416 shares during the period. The Manufacturers Life Insurance Company lifted its position in The Madison Square Garden by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 751 shares of the company’s stock worth $148,000 after purchasing an additional 40 shares during the period. Maverick Capital Ltd. acquired a new stake in The Madison Square Garden in the second quarter worth approximately $176,000. Finally, CGOV Asset Management acquired a new stake in The Madison Square Garden in the first quarter worth approximately $266,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

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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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