Madison Square Garden Co (MSG) Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd increased its stake in shares of Madison Square Garden Co (NYSE:MSG) by 22.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,887 shares of the company’s stock after acquiring an additional 524 shares during the quarter. WINTON GROUP Ltd’s holdings in Madison Square Garden were worth $910,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Madison Square Garden during the 2nd quarter worth about $118,000. Sageworth Trust Co boosted its holdings in shares of Madison Square Garden by 1,257.5% during the 3rd quarter. Sageworth Trust Co now owns 543 shares of the company’s stock worth $171,000 after buying an additional 503 shares during the period. Massey Quick Simon & CO. LLC bought a new stake in shares of Madison Square Garden during the 2nd quarter worth about $206,000. Comerica Bank bought a new stake in shares of Madison Square Garden during the 2nd quarter worth about $237,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Madison Square Garden by 837.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 759 shares of the company’s stock worth $235,000 after buying an additional 678 shares during the period. 71.06% of the stock is owned by institutional investors and hedge funds.

NYSE MSG opened at $252.56 on Thursday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 42.52, a price-to-earnings-growth ratio of 17.46 and a beta of 0.70. Madison Square Garden Co has a 12-month low of $205.22 and a 12-month high of $330.00.

Madison Square Garden (NYSE:MSG) last posted its quarterly earnings data on Thursday, November 1st. The company reported ($1.36) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($2.13) by $0.77. The firm had revenue of $218.14 million during the quarter, compared to the consensus estimate of $211.48 million. Madison Square Garden had a net margin of 7.86% and a return on equity of 0.27%. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.47) EPS. On average, research analysts forecast that Madison Square Garden Co will post 0.59 EPS for the current fiscal year.

Several analysts recently commented on MSG shares. Morgan Stanley lifted their target price on shares of Madison Square Garden from $315.00 to $320.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 31st. Imperial Capital started coverage on shares of Madison Square Garden in a report on Tuesday, August 21st. They set an “outperform” rating and a $372.00 target price for the company. Guggenheim lifted their target price on shares of Madison Square Garden to $350.00 and gave the stock a “buy” rating in a report on Thursday, August 23rd. Zacks Investment Research reaffirmed a “hold” rating and set a $318.00 target price on shares of Madison Square Garden in a report on Wednesday. Finally, Macquarie reaffirmed a “buy” rating and set a $356.00 target price on shares of Madison Square Garden in a report on Tuesday, October 30th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $344.33.

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About Madison Square Garden

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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