Institute for Wealth Management LLC. Has $1.07 Million Stock Holdings in Madison Square Garden Co (NYSE:MSG)

Institute for Wealth Management LLC. increased its holdings in shares of Madison Square Garden Co (NYSE:MSG) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,834 shares of the company’s stock after buying an additional 54 shares during the period. Institute for Wealth Management LLC.’s holdings in Madison Square Garden were worth $1,073,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. boosted its position in Madison Square Garden by 4.2% during the 1st quarter. BlackRock Inc. now owns 964,050 shares of the company’s stock worth $282,590,000 after buying an additional 38,682 shares during the period. Geode Capital Management LLC boosted its position in Madison Square Garden by 11.2% during the 4th quarter. Geode Capital Management LLC now owns 172,666 shares of the company’s stock worth $46,222,000 after buying an additional 17,452 shares during the period. Janus Henderson Group PLC boosted its position in Madison Square Garden by 9.9% during the 2nd quarter. Janus Henderson Group PLC now owns 126,207 shares of the company’s stock worth $35,330,000 after buying an additional 11,412 shares during the period. Parametric Portfolio Associates LLC boosted its position in Madison Square Garden by 29.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 112,897 shares of the company’s stock worth $33,093,000 after buying an additional 26,012 shares during the period. Finally, Carillon Tower Advisers Inc. boosted its position in Madison Square Garden by 9.1% during the 1st quarter. Carillon Tower Advisers Inc. now owns 96,844 shares of the company’s stock worth $28,388,000 after buying an additional 8,050 shares during the period. Institutional investors and hedge funds own 72.56% of the company’s stock.

MSG has been the topic of several recent research reports. Imperial Capital cut their target price on shares of Madison Square Garden from $383.00 to $376.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. ValuEngine upgraded shares of Madison Square Garden from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 2nd. Zacks Investment Research downgraded shares of Madison Square Garden from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Finally, Morgan Stanley lifted their target price on shares of Madison Square Garden from $310.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $353.40.

Shares of NYSE MSG traded up $0.23 during midday trading on Monday, reaching $291.73. The stock had a trading volume of 58,571 shares, compared to its average volume of 148,510. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 49.11 and a beta of 0.48. Madison Square Garden Co has a twelve month low of $240.33 and a twelve month high of $317.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.07 and a current ratio of 2.07. The company’s 50 day moving average price is $286.80 and its 200 day moving average price is $293.57.

Madison Square Garden 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.

Further Reading: Reverse Stock Split

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

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