3,457 Shares in The Madison Square Garden Company $MSGS Bought by Roundview Capital LLC

Roundview Capital LLC acquired a new position in shares of The Madison Square Garden Company (NYSE:MSGS) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,457 shares of the company’s stock, valued at approximately $894,000.

A number of other hedge funds have also recently made changes to their positions in MSGS. Amundi lifted its stake in shares of Madison Square Garden by 4.7% during the 1st quarter. Amundi now owns 5,643 shares of the company’s stock worth $1,091,000 after purchasing an additional 252 shares during the last quarter. Millennium Management LLC boosted its stake in Madison Square Garden by 8.0% in the first quarter. Millennium Management LLC now owns 27,147 shares of the company’s stock valued at $5,286,000 after acquiring an additional 2,006 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Madison Square Garden by 28.2% in the first quarter. Goldman Sachs Group Inc. now owns 24,807 shares of the company’s stock valued at $4,830,000 after acquiring an additional 5,452 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Madison Square Garden during the first quarter worth $210,000. Finally, Empowered Funds LLC increased its position in shares of Madison Square Garden by 10.8% during the first quarter. Empowered Funds LLC now owns 2,055 shares of the company’s stock worth $400,000 after purchasing an additional 200 shares in the last quarter. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MSGS shares. Citigroup upped their price target on Madison Square Garden from $355.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Guggenheim increased their price target on Madison Square Garden from $401.00 to $422.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Susquehanna increased their price target on Madison Square Garden from $388.00 to $404.00 and gave the company a “positive” rating in a research note on Thursday, May 14th. Weiss Ratings upgraded Madison Square Garden from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. increased their price target on Madison Square Garden from $240.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $342.20.

Madison Square Garden Stock Down 0.1%

Shares of NYSE:MSGS opened at $366.08 on Thursday. The Madison Square Garden Company has a 52-week low of $186.00 and a 52-week high of $370.00. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of -393.62 and a beta of 0.59. The business has a 50-day moving average price of $332.89 and a 200-day moving average price of $290.54.

Madison Square Garden (NYSE:MSGS) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate 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. During the same period last year, the firm posted ($0.59) EPS. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, equities analysts anticipate that The Madison Square Garden Company will post -0.5 EPS for the current fiscal year.

Madison Square Garden Profile

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.