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.
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.
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