The Madison Square Garden Company (NYSE:MSGS) Given Consensus Rating of “Hold” by Analysts

Shares of The Madison Square Garden Company (NYSE:MSGS) have earned a consensus recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $442.40.

Several analysts recently issued reports on the stock. Seaport Research Partners boosted their target price on shares of Madison Square Garden from $430.00 to $435.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Guggenheim lifted their price target on shares of Madison Square Garden from $470.00 to $522.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley raised shares of Madison Square Garden from an “equal weight” rating to an “overweight” rating and set a $450.00 price objective for the company in a research report on Wednesday, July 15th. Susquehanna upped their price objective on Madison Square Garden from $429.00 to $430.00 and gave the stock a “positive” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen raised Madison Square Garden from a “sell” rating to a “hold” rating in a report on Saturday, July 18th.

Institutional Trading of Madison Square Garden

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new stake in Madison Square Garden during the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Madison Square Garden by 67.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 122 shares of the company’s stock worth $32,000 after acquiring an additional 49 shares during the period. SJS Investment Consulting Inc. boosted its stake in shares of Madison Square Garden by 488.2% in the first quarter. SJS Investment Consulting Inc. now owns 100 shares of the company’s stock worth $32,000 after acquiring an additional 83 shares during the period. Global Retirement Partners LLC grew its position in shares of Madison Square Garden by 1,150.0% during the fourth quarter. Global Retirement Partners LLC now owns 125 shares of the company’s stock worth $32,000 after purchasing an additional 115 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its position in shares of Madison Square Garden by 33.1% during the fourth quarter. Salomon & Ludwin LLC now owns 157 shares of the company’s stock worth $40,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Madison Square Garden Stock Up 0.4%

Shares of NYSE MSGS opened at $396.01 on Friday. The firm’s 50-day moving average price is $380.53 and its 200-day moving average price is $334.74. Madison Square Garden has a 52-week low of $188.60 and a 52-week high of $411.73. The company has a market cap of $9.54 billion, a PE ratio of -425.81 and a beta of 0.61.

Madison Square Garden (NYSE:MSGS) last released its quarterly earnings data on Friday, May 8th. The company reported ($0.83) earnings per share for the quarter, missing the consensus estimate of $0.56 by ($1.39). The firm had revenue of $432.20 million for the quarter, compared to analysts’ expectations of $429.66 million. During the same period last year, the firm earned ($0.59) earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Madison Square Garden will post -0.06 EPS for the current fiscal 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.