Insider Selling: Madison Square Garden Co (NYSE:MSG) EVP Sells 6,539 Shares of Stock

Share on StockTwits

Madison Square Garden Co (NYSE:MSG) EVP Lawrence J. Burian sold 6,539 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $304.33, for a total transaction of $1,990,013.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of MSG opened at $307.49 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.55 and a current ratio of 1.62. Madison Square Garden Co has a 12 month low of $247.57 and a 12 month high of $315.95. The company has a 50-day moving average price of $298.72 and a two-hundred day moving average price of $279.38.

Madison Square Garden (NYSE:MSG) last posted its earnings results on Friday, February 7th. The company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $1.52. Madison Square Garden had a negative net margin of 1.47% and a negative return on equity of 0.90%. The company had revenue of $628.80 million during the quarter, compared to analysts’ expectations of $635.93 million. During the same quarter in the previous year, the company posted $3.42 earnings per share. Madison Square Garden’s quarterly revenue was down .5% compared to the same quarter last year. Analysts expect that Madison Square Garden Co will post -1.19 EPS for the current fiscal year.

A number of research analysts have commented on MSG shares. Oppenheimer started coverage on shares of Madison Square Garden in a research note on Thursday, January 23rd. They set an “outperform” rating and a $365.00 price target for the company. ValuEngine cut shares of Madison Square Garden from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 21st. Imperial Capital raised their price target on shares of Madison Square Garden from $357.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group started coverage on shares of Madison Square Garden in a research note on Tuesday, December 17th. They set a “buy” rating and a $370.00 price target for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $351.67.

Large investors have recently bought and sold shares of the company. Hudock Capital Group LLC raised its stake in shares of Madison Square Garden by 122.2% in the third quarter. Hudock Capital Group LLC now owns 100 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares during the last quarter. Citizens Financial Group Inc RI acquired a new stake in shares of Madison Square Garden in the third quarter valued at approximately $26,000. Usca Ria LLC acquired a new stake in shares of Madison Square Garden in the third quarter valued at approximately $40,000. CWM LLC increased its holdings in shares of Madison Square Garden by 2,157.1% in the fourth quarter. CWM LLC now owns 158 shares of the company’s stock valued at $46,000 after purchasing an additional 151 shares in the last quarter. Finally, Vigilant Capital Management LLC acquired a new stake in shares of Madison Square Garden in the fourth quarter valued at approximately $50,000. Institutional investors own 70.32% of the company’s stock.

About Madison Square Garden

The Madison Square Garden Company, together with its subsidiaries, engages in live sports and entertainment businesses in the United States. The company operates in two segments, MSG Sports and MSG Entertainment. The MSG Sports segment owns and operates professional sports franchises; and promotes, produces, and/or presents an array of other live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling.

Featured Story: What sectors are represented in the Nikkei Index?

Receive News & Ratings for Madison Square Garden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Madison Square Garden and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.