2,265 Shares of The Madison Square Garden Company $MSGS Purchased by CenterBook Partners LP

CenterBook Partners LP purchased a new stake in The Madison Square Garden Company (NYSE:MSGS) in the third quarter, HoldingsChannel reports. The fund purchased 2,265 shares of the company’s stock, valued at approximately $918,000.

Other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in shares of Madison Square Garden by 45.9% in the first quarter. Renaissance Technologies LLC now owns 172,000 shares of the company’s stock valued at $55,281,000 after buying an additional 54,100 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Madison Square Garden by 76.5% in the 1st quarter. Quantinno Capital Management LP now owns 104,312 shares of the company’s stock valued at $33,526,000 after buying an additional 45,223 shares during the period. KBC Group NV raised its holdings in shares of Madison Square Garden by 5,609.4% in the 1st quarter. KBC Group NV now owns 30,488 shares of the company’s stock valued at $9,799,000 after buying an additional 29,954 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Madison Square Garden in the 1st quarter valued at $7,110,000. Finally, Engineers Gate Manager LP acquired a new position in Madison Square Garden during the 2nd quarter worth about $4,331,000. Institutional investors own 68.94% of the company’s stock.

Madison Square Garden Trading Up 0.7%

Shares of MSGS stock opened at $387.25 on Wednesday. The company has a market cap of $9.32 billion, a P/E ratio of 1,290.87 and a beta of 0.62. The firm has a fifty day moving average price of $396.32 and a 200 day moving average price of $362.32. The Madison Square Garden Company has a 12 month low of $207.90 and a 12 month high of $438.93.

Madison Square Garden (NYSE:MSGS) last announced its quarterly earnings results on Friday, November 6th. The company reported ($1.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.09) by ($0.20). The business had revenue of $45.49 million for the quarter, compared to analysts’ expectations of $40.67 million. Madison Square Garden had a negative return on equity of 3.47% and a net margin of 0.67%. On average, equities analysts forecast that The Madison Square Garden Company will post -1.13 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on MSGS. Weiss Ratings raised shares of Madison Square Garden from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Guggenheim upped their target price on shares of Madison Square Garden from $522.00 to $584.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Wall Street Zen upgraded shares of Madison Square Garden from a “sell” rating to a “hold” rating in a report on Sunday, August 23rd. Susquehanna increased their target price on shares of Madison Square Garden from $430.00 to $477.00 and gave the stock a “positive” rating in a report on Friday, August 14th. Finally, Zacks Research raised shares of Madison Square Garden from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Madison Square Garden presently has a consensus rating of “Moderate Buy” and an average price target of $471.20.

Madison Square Garden Profile

Madison Square Garden Sports Corp. is a professional sports company that owns and operates the New York Knicks of the National Basketball Association and the New York Rangers of the National Hockey League. Its teams also include the Westchester Knicks of the NBA G League and the Hartford Wolf Pack of the American Hockey League. The company’s activities include managing team operations and developing revenue through media rights, sponsorships, ticketing and team-related merchandise. Its teams are based in the New York metropolitan region, with a fan base and commercial reach that extend beyond the area.