Madison Square Garden Company selling New York Liberty

The Madison Square Garden Company Announces Senior Management Changes

The Madison Square Garden Company Announces Senior Management Changes

Madison Square Garden's owner finally responded Monday to a libel and slander suit brought in September by former New York Knicks basketball player Charles Oakley, telling a New York federal judge in a letter that Oakley has a history of violent behavior and his ouster from MSG after a fight was justified. During the same quarter in the previous year, the company earned ($1.19) earnings per share.

The team has also played home games at Radio City Music Hall - when MSG played host to the Republican National Convention in 2004 - and at the Prudential Center in Newark for the 2011-2013 seasons, while MSG was under renovation. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.92 and a current ratio of 1.92.

Several institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its stake in shares of Madison Square Garden by 8.7% in the third quarter. The firm owned 42,504 shares of the company's stock after buying an additional 300 shares during the period. Zacks Investment Research downgraded shares of The Madison Square Garden from a "hold" rating to a "sell" rating in a research report on Thursday, November 9th. Loop Capital raised their target price on shares of The Madison Square Garden from $266.00 to $268.00 and gave the company a "buy" rating in a report on Monday, November 6th. Finally, Morgan Stanley restated an "overweight" rating and set a $245.00 price objective (up from $215.00) on shares of The Madison Square Garden in a research report on Tuesday, July 25th. Jefferies Group LLC reiterated a "hold" rating and issued a $200.00 price target on shares of The Madison Square Garden in a research report on Tuesday, October 24th. Point72 Asia Hong Kong Ltd purchased a new position in Madison Square Garden during the second quarter worth approximately $104,000. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. 96,000 shares of the company's stock were exchanged, compared to its average volume of 170,255.

The Madison Square Garden Company (MSG) is a world leader in live sports and entertainment experiences.

The Liberty, one of eight original WNBA franchises, has played at Madison Square Garden since 1997. Madison Square Garden presently has a consensus rating of "Hold" and an average target price of $197.96. If you are accessing this piece on another site, it was illegally stolen and republished in violation of USA and worldwide trademark and copyright laws. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. and global trademark and copyright law. Other MSG properties include legendary sports franchises: the New York Knicks (NBA), the New York Rangers (NHL) and the New York Liberty (WNBA); two development league teams - the Westchester Knicks (NBAGL) and the Hartford Wolf Pack (AHL); and one of the leading North American esports organizations, Counter Logic Gaming.