Neuberger Berman Group LLC increased its position in The Madison Square Garden Company (NYSE:MSG) by 11.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,853 shares of the company’s stock after acquiring an additional 2,890 shares during the quarter. Neuberger Berman Group LLC owned about 0.15% of The Madison Square Garden worth $5,681,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its holdings in The Madison Square Garden by 11.7% in the 2nd quarter. Pacer Advisors Inc. now owns 2,856 shares of the company’s stock worth $562,000 after acquiring an additional 299 shares in the last quarter. Airain ltd purchased a new stake in The Madison Square Garden in the 2nd quarter worth approximately $1,071,000. Prudential Financial Inc. increased its holdings in The Madison Square Garden by 5.6% in the 2nd quarter. Prudential Financial Inc. now owns 1,326 shares of the company’s stock worth $261,000 after acquiring an additional 70 shares in the last quarter. American Century Companies Inc. increased its holdings in The Madison Square Garden by 8.4% in the 2nd quarter. American Century Companies Inc. now owns 13,535 shares of the company’s stock worth $2,665,000 after acquiring an additional 1,046 shares in the last quarter. Finally, GAM Holding AG increased its holdings in The Madison Square Garden by 77.5% in the 2nd quarter. GAM Holding AG now owns 13,658 shares of the company’s stock worth $2,689,000 after acquiring an additional 5,964 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

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Several equities research analysts recently issued reports on MSG shares. BTIG Research set a $260.00 target price on shares of The Madison Square Garden and gave the stock a “buy” rating in a report on Monday. Citigroup Inc. reduced their target price on shares of The Madison Square Garden from $102.00 to $93.00 and set a “buy” rating for the company in a report on Monday, May 15th. Jefferies Group LLC reissued a “hold” rating and issued a $185.00 target price on shares of The Madison Square Garden in a report on Monday, May 15th. ValuEngine raised shares of The Madison Square Garden from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of The Madison Square Garden from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $204.67.

The Madison Square Garden Company (MSG) opened at 224.17 on Tuesday. The firm has a 50-day moving average price of $215.64 and a 200 day moving average price of $201.38. The Madison Square Garden Company has a 1-year low of $160.96 and a 1-year high of $226.95. The company’s market capitalization is $5.28 billion.

The Madison Square Garden (NYSE:MSG) last announced its quarterly earnings results on Thursday, August 17th. The company reported ($3.58) earnings per share for the quarter, missing the consensus estimate of ($1.10) by $2.48. The company had revenue of $305.60 million for the quarter, compared to analysts’ expectations of $279.19 million. The Madison Square Garden had a negative net margin of 5.52% and a negative return on equity of 2.43%. The firm’s revenue was up 40.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($2.39) earnings per share. On average, equities analysts predict that The Madison Square Garden Company will post $0.71 EPS for the current year.

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.

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

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