Assetmark Inc. Has $1.93 Million Holdings in The Madison Square Garden Company $MSGS

Assetmark Inc. raised its position in shares of The Madison Square Garden Company (NYSE:MSGS) by 65,330.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,506 shares of the company’s stock after buying an additional 8,493 shares during the period. Assetmark Inc.’s holdings in Madison Square Garden were worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MSGS. Farther Finance Advisors LLC grew its position in Madison Square Garden by 5,450.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 111 shares of the company’s stock worth $25,000 after acquiring an additional 109 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Madison Square Garden in the third quarter valued at $27,000. Hantz Financial Services Inc. bought a new position in shares of Madison Square Garden in the third quarter valued at about $80,000. Smartleaf Asset Management LLC raised its holdings in shares of Madison Square Garden by 19.2% in the third quarter. Smartleaf Asset Management LLC now owns 373 shares of the company’s stock valued at $86,000 after buying an additional 60 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Madison Square Garden by 313.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 401 shares of the company’s stock worth $84,000 after acquiring an additional 304 shares during the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on MSGS. Guggenheim reaffirmed a “buy” rating on shares of Madison Square Garden in a research note on Thursday, February 5th. Citigroup raised their price target on shares of Madison Square Garden from $290.00 to $337.00 and gave the company a “buy” rating in a report on Friday, February 13th. Wolfe Research downgraded Madison Square Garden from an “outperform” rating to a “hold” rating in a report on Monday, December 15th. Wall Street Zen raised Madison Square Garden from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Madison Square Garden in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $280.00.

Madison Square Garden Trading Down 4.5%

Madison Square Garden stock opened at $326.39 on Friday. The firm has a market capitalization of $7.86 billion, a P/E ratio of -473.03 and a beta of 0.61. The business has a 50-day moving average of $273.06 and a 200-day moving average of $234.90. The Madison Square Garden Company has a 1 year low of $173.26 and a 1 year high of $345.46.

Madison Square Garden (NYSE:MSGS) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.32). The company had revenue of $403.42 million for the quarter, compared to analyst estimates of $394.58 million. Madison Square Garden’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 earnings per share. Research analysts anticipate that The Madison Square Garden Company will post 0.73 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.