UP!

MSG $68.8

MSG target price
68.80
0
0
The Madison Square Garden Company
Type
Public
Traded as NASDAQ: MSG
Industry Sports and entertainment
Founded 2010; 2015 (spin-off Madison Square Network)
Founder James L. Dolan
Headquarters New York City, New York, U.S.
Key people
James L. Dolan
(Executive Chairman)
Gregg Seibert
(Vice Chairman)
David O'Connor
(President and CEO)
Revenue Increase $1.120 billion (2016)
Operating income
Increase $316.79 million (2016)
Total assets Increase $9.384 billion (2008)
Owner Dolan family
Subsidiaries
  • Madison Square Garden
  • Radio City Music Hall
  • The Forum
  • Beacon Theatre
  • Chicago Theatre
  • New York Knicks
  • New York Rangers
  • New York Liberty
  • Hartford Wolf Pack
  • Westchester Knicks
  • Counter Logic Gaming
Website Official website

The Madison Square Garden Company is an American sports and entertainment holding company based in New York City. The company was established in 2010 when Cablevision spun off the New York Knicks, New York Rangers, Madison Square Garden, MSG Network and other entertainment assets as an independent, publicly traded company.

In addition to owning the Madison Square Garden arena in Manhattan, New York City, The Madison Square Garden Company is divided into two entities.

Madison Square Garden, L.P. used to operate the Hartford Civic Center (now the XL Center), an indoor arena in Hartford, Connecticut, and Rentschler Field (now the name of the playing surface at Pratt & Whitney Stadium), a stadium in East Hartford, under contract with the state of Connecticut until the 2007 season when it was replaced by Northland/Anschutz Entertainment Group.

From its inception in 1927, the Graham-Paige Motors Corporation was a big player in the automobile business but, by 1945, the impact of the Depression and World War II left the company all but out of the car business. In 1947, the Graham Paige decided to sell all of its automotive assets, change the corporate name to Graham Paige Corporation and to start investing in real estate. In 1959, one of those investments was to buy a 40% interest in the Madison Square Garden III. By 1962, Graham Paige had a controlling interest in the Madison Square Garden Corporation and decided to merge the assets of the two corporations into a new Madison Square Garden Corporation which then began planning to replace the aging arena. In 1977, Gulf and Western Industries bought the company. Gulf and Western shed its non-media and entertainment assets, became Paramount Communications (owner of Paramount Pictures) in 1989. In 1994, Viacom purchased majority ownership of Paramount Communications, but quickly sold MSG to Cablevision.

In February 2010, Cablevision spun off the MSG properties, including the sports franchises, into The Madison Square Garden Company. On September 30, 2015, the MSG Networks division, which operates the company's media assets (including MSG Network) was spun off into a separate company, leaving MSG with its live entertainment and sports assets.

On August 17, 2016, MSG acquired a 12% stake in digital media, broadcasting, and events company Townsquare Media from GE Capital.

On July 31, 2017, MSG acquired a controlling stake in professional video gaming team Counter Logic Gaming.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2020 2020-02-07 3.93 3.93
Q1 2020 2019-11-08 -3.36 -3.36
Q4 2019 2019-08-20 -3.08 -3.08
Q3 2019 2019-05-08 1.48 1.48
Q2 2019 2019-02-01 3.42 3.42
Q1 2019 2018-11-01 -1.36 -1.36

Ratings

2016-06-02 Reiterated Rating Albert Fried & Company Hold $170.00
2016-05-04 Initiated Coverage FBN Securities Outperform $240.77
2016-05-02 Reiterated Rating Albert Fried & Company Market Perform
2016-04-01 Reiterated Rating Pacific Crest Equal Weight
2016-03-09 Initiated Coverage Credit Agricole Underperform
2016-03-09 Initiated Coverage Credit Agricole SA Underperform
2016-02-04 Reiterated Rating Albert Fried & Company Market Perform $200.00
2016-01-19 Downgrade Stifel Nicolaus Hold to Sell
2015-12-11 Initiated Coverage Guggenheim Buy $190.00
2015-11-26 Boost Price Target Miller Tabak Neutral $37.00 to $40.00
2015-11-11 Reiterated Rating Albert Fried & Company Market Perform $200.00
2015-11-03 Downgrade Albert Fried & Company Overweight to Market Perform $200.00
2015-11-02 Initiated Coverage Macquarie Neutral
2015-10-30 Initiated Coverage Topeka Capital Markets Buy
2015-10-23 Downgrade Morgan Stanley Outperform to Equal Weight $21.00
2015-10-22 Initiated Coverage Morgan Stanley Equal to Equal Weight $185.00
2015-10-12 Initiated Coverage Albert Fried & Company Overweight $200.00
2015-10-07 Initiated Coverage Cantor Fitzgerald Buy
2015-10-02 Initiated Coverage BTIG Research Buy
2015-10-01 Initiated Coverage JPMorgan Chase & Co. Overweight
2015-10-01 Upgrade Jefferies Group Hold to Buy
2015-09-30 Upgrade Stifel Nicolaus Hold to Buy $190.00
2015-09-30 Reiterated Rating Albert Fried & Company Buy $28.00
2015-09-22 Initiated Coverage Gabelli $30.00
2015-09-16 Downgrade Stifel Nicolaus Buy to Hold $80.00
2015-09-15 Upgrade Evercore ISI Hold to Buy $86.00 to $95.00
2015-08-26 Reiterated Rating Albert Fried & Company Buy $100.00
2015-08-21 Lower Price Target Macquarie Outperform $100.00 to $90.00
2015-07-28 Reiterated Rating Stifel Nicolaus Buy $100.00
2015-07-27 Reiterated Rating BTIG Research Buy $110.00
2015-05-19 Set Price Target Morgan Stanley Buy $94.00
2015-05-04 Upgrade Macquarie Neutral to Outperform
2015-05-04 Upgrade Stifel Nicolaus Hold to Buy $100.00 to $100.00
2015-03-31 Upgrade Albert Fried & Company Overweight $120.00
2015-03-31 Set Price Target Jefferies Group Hold $85.00
2015-03-30 Boost Price Target Maxim Group Buy $85.00 to $92.00
2015-03-30 Upgrade Morgan Stanley Equal Weight to Overweight $77.00 to $94.00
2015-03-30 Upgrade Topeka Capital Markets Hold to Buy $73.00 to $97.00
2015-03-26 Reiterated Rating Evercore Partners Inc. Buy to Hold $82.00 to $86.00
2015-03-26 Downgrade Evercore ISI Buy to Hold
2015-03-13 Initiated Coverage BTIG Research Buy $110.00
2015-02-06 Boost Price Target Topeka Capital Markets Hold $68.00 to $73.00
2015-01-28 Initiated Coverage Jefferies Group Hold $85.00
2014-11-13 Downgrade Morgan Stanley Overweight to Equal Weight $80.00 to $70.00
2014-11-03 Reiterated Rating JPMorgan Chase & Co. Neutral $70.00 to $75.00
2014-10-31 Boost Price Target Topeka Capital Markets Hold $65.00 to $68.00
2014-10-28 Upgrade Maxim Group Hold to Buy $85.00
2014-10-28 Upgrade Evercore ISI Hold to Buy $66.00 to $74.00
2014-10-02 Initiated Coverage JPMorgan Chase & Co. Neutral $26.50 to $70.00
2014-09-26 Boost Price Target Topeka Capital Markets Hold $63.00 to $65.00
2014-08-22 Downgrade Evercore ISI Buy to Neutral $66.00
2014-08-21 Reiterated Rating Macquarie Neutral $61.00 to $64.00
2014-08-21 Downgrade Stifel Nicolaus Buy to Hold $60.00 to $65.00
2014-08-14 Downgrade Topeka Capital Markets Buy to Hold $67.00 to $63.00
2014-07-21 Downgrade Morgan Stanley Outperform to Neutral $61.00
2014-07-21 Downgrade Macquarie Outperform to Neutral $61.00
2014-07-16 Boost Price Target Morgan Stanley Overweight $62.00 to $65.00
2014-05-16 Reiterated Rating Morgan Stanley Overweight $65.00 to $62.00
2014-05-05 Lower Price Target Macquarie $67.00 to $61.00
2014-05-02 Downgrade Maxim Group Buy to Hold
2014-03-21 Boost Price Target Albert Fried & Company $77.00 to $85.00
2014-03-04 Downgrade Needham & Company LLC Buy to Hold $70.00
2014-02-05 Boost Price Target Maxim Group Buy $70.00 to $75.00
2014-02-04 Initiated Coverage Topeka Capital Markets Buy
2013-10-24 Initiated Coverage Guggenheim Buy
2013-06-19 Reiterated Needham Buy $66 to $70
2013-05-06 Reiterated B. Riley & Co. Buy $67 to $71
2013-03-28 Initiated B. Riley Caris Buy $67
2013-02-07 Reiterated Maxim Group Buy $52 to $70
2013-01-14 Reiterated Needham Buy $44 to $55
2012-11-05 Upgrade Maxim Group Hold to Buy
2012-02-21 Reiterated Stifel Nicolaus Hold $32 to $35
2011-12-19 Initiated Needham Buy $37
2011-11-29 Reiterated Maxim Group Buy $32 to $36
2011-04-20 Downgrade Maxim Group Buy to Hold
2011-03-04 Downgrade Miller Tabak Buy to Hold
2010-12-01 Initiated Maxim Group Buy $29
2010-03-04 Initiated UBS Neutral
2016-06-02 Reiterated Rating Albert Fried & Company Hold $170.00
2016-05-04 Initiated Coverage FBN Securities Outperform $240.77
2016-05-02 Reiterated Rating Albert Fried & Company Market Perform
2016-04-01 Reiterated Rating Pacific Crest Equal Weight
2016-03-09 Initiated Coverage Credit Agricole Underperform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
RATNER HANK President & CEO 1.22%  (774081) MSG /
DOLAN JAMES LAWRENCE Executive Chairman 0.52%  (332733) AMCX / CVC / MSG /
DOLAN CHARLES F Member of 13(d) Group 0.13%  (82228) AMCX / CVC / MSG /
GREENBERG ANDREA President and CEO 0.09%  (56985) MSG /
Burian Lawrence J. EVP, GC & Secretary 0.07%  (41623) MSG /
HILDENBRAND WILTON J. JR. 0.05%  (33542) MSG /
Smith, Jr. Thomas S. President & CEO 0.05%  (32949) BID / MSG /
RICHTER BRET EVP and CFO 0.04%  (28417) MSG /
Pollichino Robert M Executive Vice President & CFO 0.04%  (27922) MSG /
Sweeney Brian 0.04%  (27057) AMCX / CVC / MSG /
DOLAN-SWEENEY DEBORAH A Member of 13D Group 0.03%  (20618) CVC / MSG /
Yospe Joseph F SVP, Controller & PAO 0.03%  (20469) MSG /
Lynn Robert J. SVP, Treasury & Investor Relat 0.02%  (14223) MSG /
PELTZ NELSON 0.02%  (12800) LM / MDLZ / MSG / SYY / WEN /
WEBER MARIANNE DOLAN Member of 13(d) Group 0.01%  (9191) AMCX / CVC / MSG /
DARINO-GORSKI DAWN SVP, Controller & PAO 0.01%  (7475) MSG /
DOLAN PATRICK FRANCIS Member of 13D Group 0.01%  (5728) AMCX / CVC / MSG /