The Madison Square Garden Company (NYSE:MSG) Shares Bought by Cowen Inc.

Cowen Inc. boosted its stake in The Madison Square Garden Company (NYSE:MSG) by 545.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,950 shares of the company’s stock after purchasing an additional 32,066 shares during the quarter. Cowen Inc. owned about 0.16% of The Madison Square Garden worth $8,002,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of The Madison Square Garden by 78.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 592 shares of the company’s stock valued at $127,000 after buying an additional 261 shares in the last quarter. Cerebellum GP LLC purchased a new stake in shares of The Madison Square Garden during the 4th quarter valued at about $127,000. The Manufacturers Life Insurance Company raised its position in shares of The Madison Square Garden by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 751 shares of the company’s stock valued at $148,000 after buying an additional 40 shares in the last quarter. Bluestein R H & Co. purchased a new stake in shares of The Madison Square Garden during the 3rd quarter valued at about $214,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of The Madison Square Garden by 44.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,122 shares of the company’s stock valued at $237,000 after buying an additional 344 shares in the last quarter. Institutional investors and hedge funds own 70.87% of the company’s stock.

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NYSE:MSG traded up $0.34 during mid-day trading on Friday, hitting $245.12. 161,481 shares of the stock traded hands, compared to its average volume of 164,787. The Madison Square Garden Company has a 52 week low of $189.96 and a 52 week high of $254.50. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.04.

The Madison Square Garden (NYSE:MSG) last issued its quarterly earnings results on Friday, February 2nd. The company reported $3.19 EPS for the quarter, beating the consensus estimate of $1.87 by $1.32. The company had revenue of $536.30 million for the quarter, compared to the consensus estimate of $523.45 million. The Madison Square Garden had a net margin of 5.21% and a negative return on equity of 1.00%. The firm’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.39 EPS. sell-side analysts anticipate that The Madison Square Garden Company will post 0.64 earnings per share for the current year.

MSG has been the topic of several recent research reports. Zacks Investment Research cut shares of The Madison Square Garden from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. TheStreet upgraded shares of The Madison Square Garden from a “c” rating to a “b” rating in a report on Friday, February 2nd. Finally, ValuEngine upgraded shares of The Madison Square Garden from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The Madison Square Garden has an average rating of “Buy” and a consensus target price of $229.00.

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The Madison Square Garden Company Profile

The Madison Square Garden Company, through its subsidiaries, engages in sports and entertainment businesses in the United States. The company operates in two segments, MSG Sports and MSG Entertainment. The MSG Sports segment owns and operates professional sports franchises, as well as promotes, produces, and/or presents a range of other live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling.

Institutional Ownership by Quarter for The Madison Square Garden (NYSE:MSG)

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