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Sentinel Trust Co. LBA Holds Position in The Madison Square Garden Company (NYSE:MSG)

The Madison Square Garden logoSentinel Trust Co. LBA maintained its position in shares of The Madison Square Garden Company (NYSE:MSG) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,986 shares of the company’s stock at the end of the second quarter. Sentinel Trust Co. LBA’s holdings in The Madison Square Garden were worth $588,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in MSG. Aperio Group LLC raised its position in shares of The Madison Square Garden by 8.6% in the second quarter. Aperio Group LLC now owns 4,553 shares of the company’s stock valued at $896,000 after buying an additional 359 shares in the last quarter. Salzhauer Michael raised its position in shares of The Madison Square Garden by 8.2% in the second quarter. Salzhauer Michael now owns 1,316 shares of the company’s stock valued at $259,000 after buying an additional 100 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of The Madison Square Garden by 6.7% in the second quarter. State of Alaska Department of Revenue now owns 2,461 shares of the company’s stock valued at $484,000 after buying an additional 155 shares in the last quarter. Bank of Montreal Can raised its position in shares of The Madison Square Garden by 3.0% in the second quarter. Bank of Montreal Can now owns 20,875 shares of the company’s stock valued at $4,110,000 after buying an additional 617 shares in the last quarter. Finally, Norman Fields Gottscho Capital Management LLC raised its position in shares of The Madison Square Garden by 2.4% in the second 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. Hedge funds and other institutional investors own 85.04% of the company’s stock.

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The Madison Square Garden Company (NYSE:MSG) traded down 0.05% during midday trading on Monday, hitting $219.72. The company had a trading volume of 213,391 shares. The firm has a 50-day moving average price of $200.32 and a 200-day moving average price of $192.76. The company’s market cap is $5.17 billion. The Madison Square Garden Company has a 12 month low of $160.96 and a 12 month high of $223.06.

The Madison Square Garden (NYSE:MSG) last released its quarterly earnings results on Thursday, May 4th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.33. The firm had revenue of $386 million for the quarter, compared to analysts’ expectations of $365.57 million. The Madison Square Garden had a negative return on equity of 1.57% and a negative net margin of 3.81%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.47) EPS. Equities analysts anticipate that The Madison Square Garden Company will post ($0.74) EPS for the current year.

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Several equities analysts have issued reports on the company. Morgan Stanley reiterated an “overweight” rating and issued 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. BTIG Research reiterated a “buy” rating and issued a $260.00 target price (up previously from $240.00) on shares of The Madison Square Garden in a research note on Tuesday, July 25th. Zacks Investment Research lowered The Madison Square Garden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. ValuEngine upgraded The Madison Square Garden from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Citigroup Inc. cut their target price on The Madison Square Garden from $102.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $204.91.

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)

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