Millennium Management LLC Has $33.20 Million Holdings in Madison Square Garden Co (MSG)

Millennium Management LLC lessened its position in shares of Madison Square Garden Co (NYSE:MSG) by 54.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,023 shares of the company’s stock after selling 147,472 shares during the period. Millennium Management LLC owned approximately 0.52% of Madison Square Garden worth $33,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in shares of Madison Square Garden by 7.1% in the 4th quarter. State of Alaska Department of Revenue now owns 8,163 shares of the company’s stock worth $2,184,000 after buying an additional 541 shares during the last quarter. Putnam Investments LLC boosted its stake in shares of Madison Square Garden by 10.4% in the 3rd quarter. Putnam Investments LLC now owns 39,493 shares of the company’s stock valued at $12,453,000 after purchasing an additional 3,715 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Madison Square Garden by 155.2% in the 4th quarter. Bank of Montreal Can now owns 79,678 shares of the company’s stock valued at $21,329,000 after purchasing an additional 48,452 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Madison Square Garden in the 4th quarter valued at $3,631,000. Finally, Keybank National Association OH boosted its stake in shares of Madison Square Garden by 121.6% in the 4th quarter. Keybank National Association OH now owns 4,607 shares of the company’s stock valued at $1,233,000 after purchasing an additional 2,528 shares in the last quarter. 77.59% of the stock is currently owned by institutional investors and hedge funds.

MSG traded up $0.48 during trading on Friday, hitting $308.20. 100,703 shares of the stock traded hands, compared to its average volume of 128,201. The stock has a market capitalization of $7.32 billion, a P/E ratio of 51.89 and a beta of 0.54. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Madison Square Garden Co has a 12-month low of $236.78 and a 12-month high of $330.00.

Madison Square Garden (NYSE:MSG) last announced its quarterly earnings results on Friday, February 1st. The company reported $3.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $1.33. Madison Square Garden had a net margin of 0.77% and a return on equity of 0.48%. The business had revenue of $632.20 million during the quarter, compared to analysts’ expectations of $589.52 million. During the same quarter in the prior year, the company posted $7.96 EPS. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. Sell-side analysts expect that Madison Square Garden Co will post 0.54 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Madison Square Garden from a “buy” rating to a “hold” rating in a research note on Thursday. TheStreet raised shares of Madison Square Garden from a “c” rating to a “b-” rating in a research note on Thursday, February 14th. Finally, Imperial Capital increased their price target on shares of Madison Square Garden from $372.00 to $383.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Madison Square Garden presently has a consensus rating of “Buy” and an average price target of $348.83.

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Madison Square Garden Company Profile

The Madison Square Garden Company, together with its subsidiaries, engages in live 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; and promotes, produces, and/or presents an array of other live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling.

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

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