HPM Partners LLC lifted its holdings in shares of Madison Square Garden Co (NYSE:MSG) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,761 shares of the company’s stock after acquiring an additional 984 shares during the quarter. HPM Partners LLC owned 0.05% of Madison Square Garden worth $2,691,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Madison Square Garden by 78.9% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 592 shares of the company’s stock worth $127,000 after acquiring an additional 261 shares during the last quarter. Cerebellum GP LLC purchased a new stake in shares of Madison Square Garden during the fourth quarter worth about $127,000. The Manufacturers Life Insurance Company increased its position in shares of Madison Square Garden by 5.6% during the second quarter. The Manufacturers Life Insurance Company now owns 751 shares of the company’s stock worth $148,000 after acquiring an additional 40 shares during the last quarter. Bluestein R H & Co. purchased a new stake in shares of Madison Square Garden during the third quarter worth about $214,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Madison Square Garden by 44.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,122 shares of the company’s stock worth $237,000 after acquiring an additional 344 shares during the last quarter. 70.88% of the stock is currently owned by institutional investors and hedge funds.
Shares of Madison Square Garden Co (MSG) opened at $244.62 on Monday. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.04. Madison Square Garden Co has a fifty-two week low of $189.96 and a fifty-two week high of $250.36.
MSG has been the subject of several research analyst reports. TheStreet raised Madison Square Garden from a “c” rating to a “b” rating in a report on Friday, February 2nd. Zacks Investment Research raised Madison Square Garden from a “hold” rating to a “buy” rating and set a $235.00 price objective for the company in a report on Thursday, January 4th. Morgan Stanley lowered Madison Square Garden from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $218.50 to $245.00 in a report on Tuesday, December 5th. Finally, ValuEngine raised Madison Square Garden from a “sell” rating to a “hold” rating in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $223.63.
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About Madison Square Garden
The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Company operates in two segments, which include MSG Entertainment and MSG Sports. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks (the Knicks) of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team.
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