Roundview Capital LLC Purchases New Position in The Madison Square Garden Company $MSGS

Roundview Capital LLC purchased a new stake in shares of The Madison Square Garden Company (NYSE:MSGS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,457 shares of the company’s stock, valued at approximately $894,000.

Several other institutional investors also recently bought and sold shares of the stock. Salomon & Ludwin LLC raised its position in Madison Square Garden by 33.1% during the fourth quarter. Salomon & Ludwin LLC now owns 157 shares of the company’s stock valued at $40,000 after acquiring an additional 39 shares in the last quarter. Allworth Financial LP raised its position in Madison Square Garden by 26.5% during the fourth quarter. Allworth Financial LP now owns 196 shares of the company’s stock valued at $51,000 after acquiring an additional 41 shares in the last quarter. Independent Advisor Alliance raised its position in Madison Square Garden by 2.7% during the third quarter. Independent Advisor Alliance now owns 1,765 shares of the company’s stock valued at $401,000 after acquiring an additional 46 shares in the last quarter. Two Sigma Investments LP raised its position in Madison Square Garden by 0.4% during the third quarter. Two Sigma Investments LP now owns 11,898 shares of the company’s stock valued at $2,701,000 after acquiring an additional 48 shares in the last quarter. Finally, Cibc World Market Inc. raised its position in Madison Square Garden by 2.8% during the third quarter. Cibc World Market Inc. now owns 1,881 shares of the company’s stock valued at $427,000 after acquiring an additional 51 shares in the last quarter. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Seaport Research Partners lifted their price target on Madison Square Garden from $430.00 to $435.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup lifted their price target on Madison Square Garden from $355.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Guggenheim lifted their price target on Madison Square Garden from $401.00 to $422.00 and gave the company a “buy” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. lifted their price target on Madison Square Garden from $240.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Weiss Ratings upgraded Madison Square Garden from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $342.20.

Madison Square Garden Price Performance

Shares of NYSE:MSGS opened at $366.08 on Thursday. The business’s 50 day moving average price is $332.89 and its 200-day moving average price is $290.54. The firm has a market capitalization of $8.82 billion, a PE ratio of -393.62 and a beta of 0.59. The Madison Square Garden Company has a 1 year low of $186.00 and a 1 year high of $370.00.

Madison Square Garden (NYSE:MSGS) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($1.39). The firm had revenue of $432.20 million during the quarter, compared to analysts’ expectations of $429.66 million. Madison Square Garden’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.59) earnings per share. As a group, analysts expect that The Madison Square Garden Company will post -0.5 earnings per share for the current year.

About Madison Square Garden

Madison Square Garden Sports Corp (NYSE: MSGS) is a leading sports and entertainment holding company focused on professional sports franchises and related media assets. The company owns and operates teams such as the NBA’s New York Knicks, the NHL’s New York Rangers and the WNBA’s New York Liberty. Through these flagship franchises, MSG Sports offers a range of products and services including ticketing, premium seating and sponsorship opportunities, targeting fans in the New York metropolitan area and beyond.

In addition to team operations, Madison Square Garden Sports Corp holds a majority stake in MSG Networks, a regional cable network that broadcasts live sporting events, news and original programming.