Toronto Dominion Bank bought a new stake in Madison Square Garden Co (NYSE:MSG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,117 shares of the company’s stock, valued at approximately $346,000.

Several other hedge funds have also added to or reduced their stakes in MSG. Geode Capital Management LLC grew its holdings in shares of Madison Square Garden by 11.2% in the fourth quarter. Geode Capital Management LLC now owns 172,666 shares of the company’s stock valued at $46,222,000 after acquiring an additional 17,452 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Madison Square Garden by 29.9% in the first quarter. JPMorgan Chase & Co. now owns 67,211 shares of the company’s stock valued at $19,701,000 after acquiring an additional 15,469 shares in the last quarter. 361 Capital LLC bought a new position in shares of Madison Square Garden in the first quarter valued at approximately $863,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of Madison Square Garden by 49.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,125 shares of the company’s stock valued at $329,000 after acquiring an additional 370 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Madison Square Garden by 8.6% in the first quarter. Great West Life Assurance Co. Can now owns 2,445 shares of the company’s stock valued at $715,000 after acquiring an additional 193 shares in the last quarter. 73.02% of the stock is owned by institutional investors.

MSG has been the subject of several recent analyst reports. Morgan Stanley reduced their target price on Madison Square Garden from $340.00 to $320.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Imperial Capital reduced their target price on Madison Square Garden from $377.00 to $362.00 and set an “outperform” rating for the company in a report on Wednesday, August 21st. ValuEngine raised Madison Square Garden from a “buy” rating to a “strong-buy” rating in a report on Friday, August 2nd. Finally, Guggenheim set a $350.00 target price on Madison Square Garden and gave the company a “buy” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Madison Square Garden presently has a consensus rating of “Buy” and an average price target of $346.60.

NYSE MSG traded up $0.18 on Thursday, hitting $267.96. 159,891 shares of the stock traded hands, compared to its average volume of 350,211. The business’s fifty day moving average is $270.83 and its two-hundred day moving average is $288.94. Madison Square Garden Co has a 12 month low of $240.33 and a 12 month high of $317.70. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 558.26 and a beta of 0.54. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.86 and a current ratio of 1.86.

Madison Square Garden (NYSE:MSG) last announced its quarterly earnings data on Tuesday, August 20th. The company reported ($3.08) earnings per share for the quarter, missing the consensus estimate of ($2.34) by ($0.74). Madison Square Garden had a net margin of 0.70% and a return on equity of 0.43%. The firm had revenue of $263.56 million for the quarter, compared to the consensus estimate of $270.09 million. During the same period last year, the company posted ($1.94) earnings per share. Madison Square Garden’s revenue for the quarter was down 17.1% on a year-over-year basis. Analysts expect that Madison Square Garden Co will post 0.69 EPS 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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Institutional Ownership by Quarter for Madison Square Garden (NYSE:MSG)

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