Two Sigma Investments LP raised its holdings in shares of Madison Square Garden Co (NYSE:MSG) by 15.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 169,037 shares of the company’s stock after purchasing an additional 22,869 shares during the quarter. Two Sigma Investments LP owned approximately 0.72% of Madison Square Garden worth $35,641,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. HPM Partners LLC lifted its holdings in Madison Square Garden by 8.4% during the fourth quarter. HPM Partners LLC now owns 12,761 shares of the company’s stock valued at $2,691,000 after purchasing an additional 984 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Madison Square Garden during the fourth quarter valued at about $790,000. Guggenheim Capital LLC lifted its holdings in shares of Madison Square Garden by 45.1% in the fourth quarter. Guggenheim Capital LLC now owns 16,676 shares of the company’s stock worth $3,516,000 after buying an additional 5,183 shares in the last quarter. Brandywine Global Investment Management LLC lifted its holdings in shares of Madison Square Garden by 4.7% in the fourth quarter. Brandywine Global Investment Management LLC now owns 17,678 shares of the company’s stock worth $3,728,000 after buying an additional 801 shares in the last quarter. Finally, Jefferies Group LLC purchased a new stake in shares of Madison Square Garden in the fourth quarter worth about $444,000. 70.88% of the stock is currently owned by institutional investors and hedge funds.
Madison Square Garden Co (MSG) opened at $246.85 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.93 and a quick ratio of 1.93. The firm has a market cap of $5,883.32, a P/E ratio of 77.87 and a beta of 0.49. Madison Square Garden Co has a 52-week low of $189.96 and a 52-week high of $254.50.
A number of brokerages have recently issued reports on MSG. TheStreet raised shares of Madison Square Garden from a “c” rating to a “b” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Madison Square Garden from a “hold” rating to a “buy” rating and set a $235.00 price target on the stock in a report on Thursday, January 4th. ValuEngine raised shares of Madison Square Garden from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, Morgan Stanley downgraded shares of Madison Square Garden from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $218.50 to $245.00 in a report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $223.63.
Madison Square Garden Profile
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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