The Madison Square Garden Company $MSGS Shares Acquired by MYDA Advisors LLC

MYDA Advisors LLC increased its holdings in The Madison Square Garden Company (NYSE:MSGS) by 11.1% during the 4th quarter, HoldingsChannel reports. The fund owned 20,000 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Madison Square Garden comprises approximately 1.0% of MYDA Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. MYDA Advisors LLC’s holdings in Madison Square Garden were worth $5,173,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC lifted its stake in shares of Madison Square Garden by 1,150.0% in the fourth quarter. Global Retirement Partners LLC now owns 125 shares of the company’s stock worth $32,000 after acquiring an additional 115 shares in the last quarter. Accredited Wealth Management LLC increased its holdings in Madison Square Garden by 524.0% in the third quarter. Accredited Wealth Management LLC now owns 156 shares of the company’s stock valued at $35,000 after buying an additional 131 shares during the last quarter. Salomon & Ludwin LLC increased its holdings in Madison Square Garden by 33.1% in the fourth quarter. Salomon & Ludwin LLC now owns 157 shares of the company’s stock valued at $40,000 after buying an additional 39 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Madison Square Garden in the fourth quarter valued at about $45,000. Finally, Allworth Financial LP increased its holdings in Madison Square Garden by 26.5% in the fourth quarter. Allworth Financial LP now owns 196 shares of the company’s stock valued at $51,000 after buying an additional 41 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Weiss Ratings raised Madison Square Garden from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, March 27th. Wall Street Zen lowered Madison Square Garden from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Citigroup boosted their price objective on Madison Square Garden from $355.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Guggenheim boosted their price objective on Madison Square Garden from $422.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Susquehanna boosted their price objective on Madison Square Garden from $404.00 to $429.00 and gave the company a “positive” rating in a report on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $356.80.

Madison Square Garden Trading Down 0.3%

Shares of NYSE MSGS opened at $383.52 on Monday. The stock has a 50 day simple moving average of $349.12 and a 200-day simple moving average of $304.47. The company has a market cap of $9.24 billion, a PE ratio of -412.38 and a beta of 0.61. The Madison Square Garden Company has a 12-month low of $186.00 and a 12-month high of $397.00.

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

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.