Thompson Siegel & Walmsley LLC Has $84.98 Million Stake in The Madison Square Garden Company (MSG)

Thompson Siegel & Walmsley LLC reduced its stake in The Madison Square Garden Company (NYSE:MSG) by 17.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 396,923 shares of the company’s stock after selling 82,547 shares during the period. The Madison Square Garden makes up about 1.0% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 27th largest holding. Thompson Siegel & Walmsley LLC owned about 1.69% of The Madison Square Garden worth $84,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quinn Opportunity Partners LLC raised its stake in shares of The Madison Square Garden by 119.3% in the second quarter. Quinn Opportunity Partners LLC now owns 17,540 shares of the company’s stock valued at $3,454,000 after acquiring an additional 9,540 shares in the last quarter. First Trust Advisors LP raised its stake in shares of The Madison Square Garden by 77.2% in the second quarter. First Trust Advisors LP now owns 28,852 shares of the company’s stock valued at $5,681,000 after acquiring an additional 12,573 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of The Madison Square Garden in the second quarter valued at $1,410,000. Cowen Inc. acquired a new stake in shares of The Madison Square Garden in the second quarter valued at $1,119,000. Finally, GAM Holding AG raised its stake in shares of The Madison Square Garden by 77.5% in the second quarter. GAM Holding AG now owns 13,658 shares of the company’s stock valued at $2,689,000 after acquiring an additional 5,964 shares in the last quarter. Institutional investors and hedge funds own 68.49% of the company’s stock.

The Madison Square Garden Company (NYSE MSG) traded down $0.61 during trading on Monday, reaching $218.46. The company’s stock had a trading volume of 194,000 shares, compared to its average volume of 172,035. The Madison Square Garden Company has a one year low of $166.86 and a one year high of $231.44. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.92 and a current ratio of 1.92.

The Madison Square Garden (NYSE:MSG) last posted its quarterly earnings results on Friday, November 3rd. The company reported ($0.47) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.65) by $0.18. The Madison Square Garden had a negative return on equity of 1.75% and a negative net margin of 4.00%. The company had revenue of $245.04 million for the quarter, compared to analysts’ expectations of $237.06 million. During the same period last year, the firm earned ($1.19) earnings per share. The Madison Square Garden’s quarterly revenue was up 34.9% on a year-over-year basis. analysts anticipate that The Madison Square Garden Company will post 0.66 earnings per share for the current fiscal year.

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Several analysts have recently issued reports on the company. BTIG Research reiterated a “buy” rating and issued a $260.00 price objective (up from $240.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. Jefferies Group LLC increased their price objective on The Madison Square Garden from $185.00 to $200.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Morgan Stanley reiterated an “overweight” rating and issued a $245.00 price objective (up from $215.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. Loop Capital increased their price objective on The Madison Square Garden from $266.00 to $268.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, Zacks Investment Research cut The Madison Square Garden from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $217.78.

The Madison Square Garden Profile

The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Company operates in two segments, which include MSG Entertainment and MSG Sports. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks (the Knicks) of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team.

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

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