NN Investment Partners Holdings N.V. bought a new stake in Madison Square Garden Co (NYSE:MSG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,458 shares of the company’s stock, valued at approximately $1,096,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in Madison Square Garden by 2.1% during the first quarter. BlackRock Inc. now owns 1,119,092 shares of the company’s stock worth $236,587,000 after purchasing an additional 22,709 shares in the last quarter. Norges Bank acquired a new stake in Madison Square Garden during the fourth quarter worth approximately $62,932,000. Geode Capital Management LLC raised its holdings in Madison Square Garden by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 190,472 shares of the company’s stock worth $56,034,000 after purchasing an additional 8,530 shares in the last quarter. Strs Ohio raised its holdings in Madison Square Garden by 1,480.9% during the first quarter. Strs Ohio now owns 42,336 shares of the company’s stock worth $8,950,000 after purchasing an additional 39,658 shares in the last quarter. Finally, LGT Capital Partners LTD. raised its holdings in Madison Square Garden by 175.9% during the second quarter. LGT Capital Partners LTD. now owns 32,000 shares of the company’s stock worth $4,700,000 after purchasing an additional 20,400 shares in the last quarter. 71.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MSG opened at $154.15 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a market cap of $3.70 billion, a PE ratio of -149.66 and a beta of 0.87. The company’s 50 day simple moving average is $154.01 and its 200-day simple moving average is $213.59. Madison Square Garden Co has a 12-month low of $182.47 and a 12-month high of $316.39.

MSG has been the topic of a number of research analyst reports. Morgan Stanley cut their price objective on shares of Madison Square Garden from $320.00 to $305.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Imperial Capital raised their price objective on shares of Madison Square Garden from $307.00 to $308.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $339.60.

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.

Further Reading: Asset Allocation, Balancing Your Investments

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

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