Swiss National Bank lowered its holdings in The Madison Square Garden Company (NYSE:MSG) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,033 shares of the company’s stock after selling 300 shares during the period. Swiss National Bank owned about 136,079.01% of The Madison Square Garden worth $6,858,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Quinn Opportunity Partners LLC grew its position in The Madison Square Garden by 119.3% in the second quarter. Quinn Opportunity Partners LLC now owns 17,540 shares of the company’s stock valued at $3,454,000 after purchasing an additional 9,540 shares in the last quarter. First Trust Advisors LP grew its position in The Madison Square Garden by 77.2% in the second quarter. First Trust Advisors LP now owns 28,852 shares of the company’s stock valued at $5,681,000 after purchasing an additional 12,573 shares in the last quarter. Chicago Equity Partners LLC bought a new position in The Madison Square Garden in the second quarter valued at $1,410,000. Cowen Inc. bought a new position in The Madison Square Garden in the second quarter valued at $1,119,000. Finally, GAM Holding AG grew its position in The Madison Square Garden by 77.5% in the second quarter. GAM Holding AG now owns 13,658 shares of the company’s stock valued at $2,689,000 after purchasing an additional 5,964 shares in the last quarter. 68.49% of the stock is owned by institutional investors and hedge funds.

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The Madison Square Garden Company (NYSE MSG) opened at $214.90 on Wednesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.04. The Madison Square Garden Company has a 1-year low of $166.86 and a 1-year high of $231.44.

The Madison Square Garden (NYSE:MSG) last released its earnings results on Friday, November 3rd. The company reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.65) by $0.18. The Madison Square Garden had a negative net margin of 4.00% and a negative return on equity of 1.75%. The firm had revenue of $245.04 million for the quarter, compared to analyst estimates of $237.06 million. During the same period last year, the firm earned ($1.19) EPS. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. research analysts expect that The Madison Square Garden Company will post 0.66 EPS for the current year.

A number of research analysts recently weighed in on MSG shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $200.00 target price on shares of The Madison Square Garden in a research report on Tuesday, October 24th. Zacks Investment Research cut shares of The Madison Square Garden from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. BTIG Research set a $260.00 price target on shares of The Madison Square Garden and gave the company a “buy” rating in a research note on Monday, September 11th. Loop Capital increased their price target on shares of The Madison Square Garden from $266.00 to $268.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $245.00 price target (up previously from $215.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $217.78.

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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