Madison Square Garden Co (MSG) Position Lessened by Thompson Siegel & Walmsley LLC
Thompson Siegel & Walmsley LLC trimmed its position in shares of Madison Square Garden Co (NYSE:MSG) by 99.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 449 shares of the company’s stock after selling 47,638 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Madison Square Garden were worth $142,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Aperio Group LLC boosted its holdings in Madison Square Garden by 3.2% during the 2nd quarter. Aperio Group LLC now owns 5,741 shares of the company’s stock valued at $1,781,000 after acquiring an additional 177 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in Madison Square Garden by 8.4% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 2,572 shares of the company’s stock valued at $798,000 after acquiring an additional 200 shares during the period. Brown Advisory Inc. boosted its holdings in Madison Square Garden by 6.7% during the 2nd quarter. Brown Advisory Inc. now owns 3,446 shares of the company’s stock valued at $1,069,000 after acquiring an additional 215 shares during the period. State of Alaska Department of Revenue boosted its holdings in Madison Square Garden by 5.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,622 shares of the company’s stock valued at $2,402,000 after acquiring an additional 365 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Madison Square Garden during the 2nd quarter valued at about $118,000. Institutional investors own 70.02% of the company’s stock.
A number of equities analysts recently commented on the company. Morgan Stanley raised their target price on Madison Square Garden from $260.00 to $315.00 and gave the company an “equal weight” rating in a report on Wednesday, August 1st. Guggenheim raised their target price on Madison Square Garden to $350.00 and gave the company a “buy” rating in a report on Thursday, August 23rd. Imperial Capital initiated coverage on Madison Square Garden in a research note on Tuesday, August 21st. They issued an “outperform” rating and a $372.00 price objective for the company. Zacks Investment Research upgraded Madison Square Garden from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Macquarie reiterated a “buy” rating and issued a $356.00 price objective on shares of Madison Square Garden in a research note on Tuesday, October 30th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $344.33.
Madison Square Garden (NYSE:MSG) last released its quarterly earnings results on Thursday, November 1st. The company reported ($1.36) EPS for the quarter, topping the consensus estimate of ($2.13) by $0.77. The company had revenue of $218.14 million for the quarter, compared to analyst estimates of $211.48 million. Madison Square Garden had a return on equity of 0.27% and a net margin of 7.86%. The firm’s revenue was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.47) earnings per share. Equities analysts predict that Madison Square Garden Co will post 0.42 earnings per share for the current fiscal year.
Madison Square Garden Profile
The Madison Square Garden Company, together with its subsidiaries, engages in live sports and entertainment businesses in the United States. The company operates in two segments, MSG Sports and MSG Entertainment. The MSG Sports segment owns and operates professional sports franchises; and promotes, produces, and/or presents an array of other live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling.
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