California State Teachers Retirement System Has $5.93 Million Stock Position in The Madison Square Garden Company $MSGS

California State Teachers Retirement System lifted its position in The Madison Square Garden Company (NYSE:MSGS) by 25.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,452 shares of the company’s stock after buying an additional 3,694 shares during the period. California State Teachers Retirement System’s holdings in Madison Square Garden were worth $5,930,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSGS. Aster Capital Management DIFC Ltd bought a new stake in shares of Madison Square Garden in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Madison Square Garden by 67.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 122 shares of the company’s stock valued at $32,000 after purchasing an additional 49 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in Madison Square Garden by 488.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 100 shares of the company’s stock worth $32,000 after purchasing an additional 83 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Madison Square Garden by 1,150.0% during the 4th quarter. Global Retirement Partners LLC now owns 125 shares of the company’s stock worth $32,000 after buying an additional 115 shares during the period. Finally, Salomon & Ludwin LLC lifted its stake 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 in the last quarter. 68.94% of the stock is currently owned by institutional investors.

Madison Square Garden Stock Down 0.9%

Shares of Madison Square Garden stock opened at $391.39 on Thursday. The Madison Square Garden Company has a 12-month low of $188.60 and a 12-month high of $411.73. The stock has a market cap of $9.42 billion, a P/E ratio of -420.85 and a beta of 0.62. The business’s 50 day moving average is $386.85 and its 200-day moving average is $342.43.

Madison Square Garden (NYSE:MSGS) last released 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 company had revenue of $432.20 million for the quarter, compared to analyst estimates of $429.66 million. During the same period in the previous year, the company earned ($0.59) earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts expect that The Madison Square Garden Company will post -0.06 EPS for the current year.

Analysts Set New Price Targets

MSGS has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Madison Square Garden from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Guggenheim increased their target price on Madison Square Garden from $470.00 to $522.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Zacks Research downgraded Madison Square Garden from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Madison Square Garden in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased their price objective on Madison Square Garden from $400.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $442.40.

About Madison Square Garden

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.