The Madison Square Garden Company $MSGS Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC cut its stake in The Madison Square Garden Company (NYSE:MSGS) by 19.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,798 shares of the company’s stock after selling 4,987 shares during the period. New Age Alpha Advisors LLC owned 0.09% of Madison Square Garden worth $5,379,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC boosted its stake in Madison Square Garden by 1,150.0% in the 4th quarter. Global Retirement Partners LLC now owns 125 shares of the company’s stock worth $32,000 after purchasing an additional 115 shares in the last quarter. Accredited Wealth Management LLC boosted its stake in Madison Square Garden by 524.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 156 shares of the company’s stock worth $35,000 after purchasing an additional 131 shares in the last quarter. Salomon & Ludwin LLC boosted its stake in Madison Square Garden by 33.1% in the 4th quarter. Salomon & Ludwin LLC now owns 157 shares of the company’s stock worth $40,000 after purchasing an additional 39 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in Madison Square Garden in the 4th quarter worth approximately $45,000. Finally, Allworth Financial LP boosted its stake in Madison Square Garden by 26.5% in the 4th quarter. Allworth Financial LP now owns 196 shares of the company’s stock worth $51,000 after purchasing an additional 41 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Madison Square Garden Trading Down 0.0%

MSGS opened at $353.80 on Monday. The Madison Square Garden Company has a 12-month low of $186.00 and a 12-month high of $360.45. The firm has a market capitalization of $8.52 billion, a PE ratio of -380.42 and a beta of 0.59. The firm has a 50 day moving average of $329.99 and a two-hundred day moving average of $287.47.

Madison Square Garden (NYSE:MSGS) last posted its earnings results on Friday, May 8th. The company reported ($0.83) earnings per share for the quarter, missing the consensus estimate of $0.56 by ($1.39). The firm had revenue of $432.20 million for the quarter, compared to analysts’ expectations of $429.66 million. Madison Square Garden’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the business posted ($0.59) earnings per share. As a group, analysts predict that The Madison Square Garden Company will post -0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Guggenheim raised their price target on shares of Madison Square Garden from $401.00 to $422.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Citigroup raised their price target on shares of Madison Square Garden from $355.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Susquehanna raised their price target on shares of Madison Square Garden from $388.00 to $404.00 and gave the stock a “positive” rating in a research report on Thursday, May 14th. Wall Street Zen lowered shares of Madison Square Garden from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings raised shares of Madison Square Garden from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $342.20.

Madison Square Garden Profile

Madison Square Garden Sports Corp (NYSE: MSGS) is a leading sports and entertainment holding company focused on professional sports franchises and related media assets. The company owns and operates teams such as the NBA’s New York Knicks, the NHL’s New York Rangers and the WNBA’s New York Liberty. Through these flagship franchises, MSG Sports offers a range of products and services including ticketing, premium seating and sponsorship opportunities, targeting fans in the New York metropolitan area and beyond.

In addition to team operations, Madison Square Garden Sports Corp holds a majority stake in MSG Networks, a regional cable network that broadcasts live sporting events, news and original programming.