The Madison Square Garden Company (MSG) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its position in The Madison Square Garden Company (NYSE:MSG) by 22.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 262,300 shares of the company’s stock after selling 74,200 shares during the quarter. Renaissance Technologies LLC owned approximately 1.11% of The Madison Square Garden worth $55,306,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. MYDA Advisors LLC purchased a new stake in shares of The Madison Square Garden in the 4th quarter valued at approximately $3,458,000. Long Pond Capital LP lifted its position in shares of The Madison Square Garden by 90.1% in the 4th quarter. Long Pond Capital LP now owns 599,320 shares of the company’s stock valued at $126,367,000 after acquiring an additional 284,052 shares in the last quarter. Gruss Capital Management LP lifted its position in shares of The Madison Square Garden by 7.4% in the 4th quarter. Gruss Capital Management LP now owns 375,000 shares of the company’s stock valued at $79,069,000 after acquiring an additional 25,828 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of The Madison Square Garden by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 140,356 shares of the company’s stock valued at $29,593,000 after acquiring an additional 11,444 shares in the last quarter. Finally, Maverick Capital Ltd. lifted its position in shares of The Madison Square Garden by 56.4% in the 4th quarter. Maverick Capital Ltd. now owns 37,370 shares of the company’s stock valued at $7,879,000 after acquiring an additional 13,470 shares in the last quarter. Institutional investors and hedge funds own 70.87% of the company’s stock.

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

Shares of MSG opened at $245.12 on Friday. The Madison Square Garden Company has a 12 month low of $189.96 and a 12 month high of $254.50. The firm has a market cap of $5,707.84, a PE ratio of -220.13 and a beta of 0.46. 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 announced its quarterly earnings results on Friday, February 2nd. The company reported $3.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $1.32. The Madison Square Garden had a net margin of 5.21% and a negative return on equity of 1.00%. The company had revenue of $536.30 million for the quarter, compared to analyst estimates of $523.45 million. During the same quarter in the prior year, the business posted $2.39 EPS. The Madison Square Garden’s quarterly revenue was up 20.5% on a year-over-year basis. equities research analysts forecast that The Madison Square Garden Company will post 0.75 earnings per share for the current fiscal year.

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The Madison Square Garden 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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