Brandywine Global Investment Management LLC Acquires 17,610 Shares of The Madison Square Garden Company (NYSE:MSG)

Brandywine Global Investment Management LLC raised its position in The Madison Square Garden Company (NYSE:MSG) by 251,571.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,617 shares of the company’s stock after acquiring an additional 17,610 shares during the quarter. Brandywine Global Investment Management LLC owned 0.09% of The Madison Square Garden worth $3,469,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MSG. CGOV Asset Management bought a new stake in The Madison Square Garden in the first quarter valued at $266,000. Bank of New York Mellon Corp raised its stake in shares of The Madison Square Garden by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 64,459 shares of the company’s stock valued at $12,874,000 after purchasing an additional 756 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of The Madison Square Garden by 5.1% during the first quarter. UBS Asset Management Americas Inc. now owns 10,671 shares of the company’s stock valued at $2,131,000 after purchasing an additional 520 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of The Madison Square Garden during the first quarter valued at about $838,000. Finally, Neuberger Berman Group LLC raised its stake in shares of The Madison Square Garden by 8.0% during the first quarter. Neuberger Berman Group LLC now owns 25,963 shares of the company’s stock valued at $5,185,000 after purchasing an additional 1,913 shares in the last quarter. 70.84% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on the company. BTIG Research set a $260.00 price target on The Madison Square Garden and gave the stock a “buy” rating in a research note on Monday, September 11th. Zacks Investment Research cut The Madison Square Garden from a “hold” rating to a “sell” rating in a research note on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and set a $245.00 target price (up previously from $215.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC lifted their price target on The Madison Square Garden from $185.00 to $200.00 and gave the company a “hold” rating in a report on Friday, August 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $211.50.

Shares of The Madison Square Garden Company (MSG) opened at 217.75 on Tuesday. The company’s market capitalization is $5.13 billion. The Madison Square Garden Company has a 12 month low of $160.96 and a 12 month high of $226.95. The firm has a 50-day moving average price of $215.34 and a 200-day moving average price of $205.66.

The Madison Square Garden (NYSE:MSG) last posted its earnings results on Thursday, August 17th. The company reported ($3.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.10) by ($2.48). The business had revenue of $305.60 million during the quarter, compared to the consensus estimate of $279.19 million. The Madison Square Garden had a negative return on equity of 2.43% and a negative net margin of 5.52%. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.39) earnings per share. On average, equities research analysts predict that The Madison Square Garden Company will post $0.59 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Brandywine Global Investment Management LLC Acquires 17,610 Shares of The Madison Square Garden Company (NYSE:MSG)” was published by BBNS and is owned by of BBNS. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://baseballnewssource.com/markets/brandywine-global-investment-management-llc-grows-holdings-in-the-madison-square-garden-company-msg/1698504.html.

The Madison Square Garden Company 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)

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

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.