The Madison Square Garden Company (NYSE:MSGS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in shares of The Madison Square Garden Company (NYSE:MSGS) by 3.8% during the first quarter, Holdings Channel reports. The fund owned 2,440 shares of the company’s stock after selling 96 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Madison Square Garden were worth $475,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Madison Square Garden by 1,854.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 498,607 shares of the company’s stock valued at $112,526,000 after purchasing an additional 473,090 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Madison Square Garden by 523.2% in the 1st quarter. Victory Capital Management Inc. now owns 347,800 shares of the company’s stock valued at $67,724,000 after purchasing an additional 291,989 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Madison Square Garden by 14,886.7% in the 1st quarter. GAMMA Investing LLC now owns 137,278 shares of the company’s stock valued at $26,731,000 after purchasing an additional 136,362 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Madison Square Garden by 89.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 127,556 shares of the company’s stock valued at $28,787,000 after purchasing an additional 60,112 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Madison Square Garden by 377.1% in the 4th quarter. First Trust Advisors LP now owns 57,879 shares of the company’s stock valued at $13,062,000 after purchasing an additional 45,748 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Madison Square Garden Price Performance

NYSE:MSGS opened at $202.78 on Tuesday. The firm has a 50-day moving average of $200.98 and a two-hundred day moving average of $198.26. The stock has a market cap of $4.87 billion, a P/E ratio of 965.68 and a beta of 0.79. The Madison Square Garden Company has a 1-year low of $173.26 and a 1-year high of $237.99.

Analysts Set New Price Targets

A number of analysts recently weighed in on MSGS shares. Susquehanna started coverage on shares of Madison Square Garden in a research report on Monday, April 28th. They set a “positive” rating and a $254.00 price target for the company. Morgan Stanley decreased their price target on shares of Madison Square Garden from $235.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Madison Square Garden from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Finally, Guggenheim reaffirmed a “buy” rating and set a $314.00 price target on shares of Madison Square Garden in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Madison Square Garden currently has an average rating of “Moderate Buy” and a consensus price target of $252.60.

Madison Square Garden Company Profile

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.