Madison Square Garden Co (NYSE:MSG) Director Richard D. Parsons sold 816 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $307.56, for a total value of $250,968.96. Following the transaction, the director now owns 3,663 shares of the company’s stock, valued at approximately $1,126,592.28. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of Madison Square Garden stock traded up $0.38 on Friday, reaching $307.49. The company had a trading volume of 136,680 shares, compared to its average volume of 143,816. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of -298.53 and a beta of 0.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.55 and a quick ratio of 1.55. The firm’s 50-day moving average price is $298.51 and its two-hundred day moving average price is $279.29. Madison Square Garden Co has a 1 year low of $247.57 and a 1 year high of $315.95.

Madison Square Garden (NYSE:MSG) last announced its earnings results on Friday, February 7th. The company reported $3.93 EPS for the quarter, topping the Zacks’ consensus estimate of $2.41 by $1.52. The firm had revenue of $628.80 million during the quarter, compared to analysts’ expectations of $635.93 million. Madison Square Garden had a negative return on equity of 0.90% and a negative net margin of 1.47%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.42 EPS. As a group, analysts anticipate that Madison Square Garden Co will post -2 EPS for the current year.

Several equities analysts have weighed in on the company. Imperial Capital raised their price target on Madison Square Garden from $357.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Jefferies Financial Group assumed coverage on Madison Square Garden in a report on Tuesday, December 17th. They set a “buy” rating and a $370.00 price target for the company. ValuEngine cut Madison Square Garden from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 21st. Finally, Oppenheimer initiated coverage on Madison Square Garden in a report on Thursday, January 23rd. They issued an “outperform” rating and a $365.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $351.67.

Institutional investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its position in shares of Madison Square Garden by 1,037.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 245,332 shares of the company’s stock worth $72,174,000 after acquiring an additional 223,756 shares in the last quarter. BlackRock Inc. raised its position in shares of Madison Square Garden by 8.4% in the 2nd quarter. BlackRock Inc. now owns 1,044,764 shares of the company’s stock worth $292,473,000 after acquiring an additional 80,714 shares in the last quarter. Laurion Capital Management LP raised its position in shares of Madison Square Garden by 191.7% in the 4th quarter. Laurion Capital Management LP now owns 120,819 shares of the company’s stock worth $35,544,000 after acquiring an additional 79,405 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Madison Square Garden by 19.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 344,271 shares of the company’s stock worth $101,281,000 after acquiring an additional 57,087 shares in the last quarter. Finally, TOMS Capital Investment Management LP raised its position in shares of Madison Square Garden by 33.6% in the 4th quarter. TOMS Capital Investment Management LP now owns 133,603 shares of the company’s stock worth $39,305,000 after acquiring an additional 33,603 shares in the last quarter. Hedge funds and other institutional investors own 70.32% of the company’s stock.

About Madison Square Garden

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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