The Madison Square Garden Company

Several large investors have recently modified their holdings of the company.

The Madison Square Garden (MSG) opened at 206.15 on Tuesday. Finally, Jefferies Group LLC reaffirmed a "hold" rating and issued a $185.00 price objective on shares of The Madison Square Garden in a research note on Monday, May 15th. Westside Investment Management Inc. increased its stake in The Madison Square Garden by 137.3% in the first quarter. Zacks Investment Research cut The Madison Square Garden from a "hold" rating to a "sell" rating in a report on Wednesday, July 5th. State of Alaska Department of Revenue raised its stake in The Madison Square Garden by 6.7% in the second quarter. Its networks are distributed throughout its territory, which includes all of New York State and significant portions of New Jersey and CT, as well as parts of Pennsylvania. As of June 30, 2016, the Company owned the Madison Square Garden Complex, which includes the Madison Square Garden Arena (The Garden) with a capacity of 21,000 seats and The Theater at Madison Square Garden with a capacity of 5,600 seats in New York City; a training center in Greenburgh, New York with 105,000 square feet of space; The Chicago Theatre with a capacity of 3,600 seats in Chicago, and the Forum with a capacity of 17,800 seats in Inglewood, California. The MSG Entertainment segment includes the Company's live entertainment events. The Company presents or hosts live entertainment events, including concerts, family shows, performing arts and special events. The firm's market capitalization is $4.70 billion. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company.

The Madison Square Garden (NYSE:MSG) last released its earnings results on Thursday, May 4th. The company has a 50 day moving average price of $196.48 and a 200-day moving average price of $190.97. J P Morgan Chase & Co reissued an "overweight" rating and set a $245.00 price target on shares of The Madison Square Garden in a report on Thursday, April 20th. Aperio Group LLC boosted its position in shares of The Madison Square Garden by 8.6% in the second quarter. Bank of Montreal Can now owns 20,258 shares of the company's stock valued at $4,045,000 after buying an additional 1,050 shares during the last quarter. Norman Fields Gottscho Capital Management LLC now owns 19,712 shares of the company's stock valued at $3,881,000 after buying an additional 460 shares in the last quarter. Trading volume was up 77.92% over the stocks average daily volume. The Madison Square Garden posted earnings per share of ($2.11) during the same quarter last year, which would suggest a positive year-over-year growth rate of 55.5%. They set a buy rating and a $243.00 target price on the stock. The company presently has an average rating of "Hold" and a consensus target price of $195.90. Institutional investors and hedge funds own 84.80% of the company's stock. The company reported ($0.74) EPS for the quarter, missing analysts' consensus estimates of ($0.41) by $0.33. The business had revenue of $386 million during the quarter, compared to the consensus estimate of $365.57 million. During the same period in the prior year, the company earned ($2.47) earnings per share. Comparatively, The Madison Square Garden has a beta of 1.07, meaning that its share price is 7% more volatile than the S&P 500.

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The Company has operations in the live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Firm operates in two divisions, 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.

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