Prudential Financial Inc. increased its holdings in shares of The Madison Square Garden Company (NYSE:MSG) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,326 shares of the company’s stock after purchasing an additional 70 shares during the quarter. Prudential Financial Inc.’s holdings in The Madison Square Garden were worth $261,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. First Trust Advisors LP grew its position in shares of The Madison Square Garden by 77.2% during the second quarter. First Trust Advisors LP now owns 28,852 shares of the company’s stock worth $5,681,000 after purchasing an additional 12,573 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of The Madison Square Garden by 268.4% during the first quarter. Goldman Sachs Group Inc. now owns 118,256 shares of the company’s stock worth $23,617,000 after purchasing an additional 86,155 shares in the last quarter. GAM Holding AG grew its position in shares of The Madison Square Garden by 77.5% during the second quarter. GAM Holding AG now owns 13,658 shares of the company’s stock worth $2,689,000 after purchasing an additional 5,964 shares in the last quarter. BlackRock Inc. grew its position in shares of The Madison Square Garden by 13,915.4% during the first quarter. BlackRock Inc. now owns 767,202 shares of the company’s stock worth $153,216,000 after purchasing an additional 761,728 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new stake in shares of The Madison Square Garden during the second quarter worth about $332,000. Hedge funds and other institutional investors own 70.83% of the company’s stock.

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Several research firms recently issued reports on MSG. Jefferies Group LLC increased their target price on The Madison Square Garden from $185.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded The Madison Square Garden from a “hold” rating to a “strong-buy” rating and set a $224.00 target price for the company in a research report on Saturday, July 15th. BTIG Research set a $260.00 target price on The Madison Square Garden and gave the stock a “buy” rating in a research report on Monday, September 11th. Finally, Morgan Stanley restated an “overweight” rating and set a $245.00 price target (up previously from $215.00) on shares of The Madison Square Garden in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $211.50.

Shares of The Madison Square Garden Company (NYSE:MSG) opened at 214.25 on Friday. The stock has a 50 day moving average price of $215.35 and a 200 day moving average price of $205.58. The company’s market capitalization is $5.04 billion. The Madison Square Garden Company has a 1-year low of $160.96 and a 1-year high of $226.95.

The Madison Square Garden (NYSE:MSG) last posted its quarterly earnings results on Thursday, August 17th. The company reported ($3.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.10) by ($2.48). The company had revenue of $305.60 million during 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 Madison Square Garden’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same quarter last year, the company earned ($2.39) earnings per share. On average, equities analysts anticipate that The Madison Square Garden Company will post $0.59 EPS for the current fiscal year.

About The Madison Square Garden

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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