Dynamic Technology Lab Private Ltd boosted its stake in shares of The Madison Square Garden Company (NYSE:MSG) by 81.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,767 shares of the company’s stock after acquiring an additional 1,686 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in The Madison Square Garden were worth $807,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MSG. Janus Henderson Group PLC bought a new position in The Madison Square Garden during the 2nd quarter worth $75,632,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in The Madison Square Garden by 1,731.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 146,583 shares of the company’s stock worth $28,862,000 after acquiring an additional 138,580 shares during the period. Renaissance Technologies LLC increased its stake in The Madison Square Garden by 100.0% during the 2nd quarter. Renaissance Technologies LLC now owns 227,800 shares of the company’s stock worth $44,854,000 after acquiring an additional 113,900 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of The Madison Square Garden by 59.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 195,035 shares of the company’s stock valued at $41,756,000 after purchasing an additional 72,559 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of The Madison Square Garden by 45.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 172,447 shares of the company’s stock valued at $33,955,000 after purchasing an additional 54,191 shares in the last quarter. Hedge funds and other institutional investors own 68.49% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded The Madison Square Garden from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Loop Capital raised their target price on The Madison Square Garden from $266.00 to $268.00 and gave the company a “buy” rating in a report on Monday, November 6th. BTIG Research set a $260.00 target price on The Madison Square Garden and gave the company a “buy” rating in a report on Monday, September 11th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $200.00 target price on shares of The Madison Square Garden in a report on Tuesday, October 24th. One equities research 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 Madison Square Garden has a consensus rating of “Buy” and a consensus price target of $217.78.

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The Madison Square Garden Company (NYSE:MSG) traded down $0.75 during midday trading on Friday, hitting $214.15. The company had a trading volume of 271,100 shares, compared to its average volume of 173,584. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.92 and a current ratio of 1.92. The Madison Square Garden Company has a 12 month low of $166.86 and a 12 month high of $231.44.

The Madison Square Garden (NYSE:MSG) last released its quarterly earnings data on Friday, November 3rd. The company reported ($0.47) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.65) by $0.18. The Madison Square Garden had a negative return on equity of 1.75% and a negative net margin of 4.00%. The company had revenue of $245.04 million for the quarter, compared to the consensus estimate of $237.06 million. During the same quarter last year, the business posted ($1.19) EPS. The Madison Square Garden’s revenue for the quarter was up 34.9% on a year-over-year basis. analysts forecast that The Madison Square Garden Company will post 0.66 earnings per share 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.

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

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