Madison Square Garden (NYSE:MSGS) Hits New 52-Week High After Analyst Upgrade

Posted by on May 18th, 2026

The Madison Square Garden Company (NYSE:MSGS – Get Free Report) reached a new 52-week high during trading on Monday after Guggenheim raised their price target on the stock from $401.00 to $422.00. Guggenheim currently has a buy rating on the stock. Madison Square Garden traded as high as $360.45 and last traded at $355.20, with a volume of 20350 shares trading hands. The stock had previously closed at $351.54.

Other equities research analysts also recently issued research reports about the company. Citigroup upped their price target on Madison Square Garden from $355.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Seaport Research Partners raised shares of Madison Square Garden from a “neutral” rating to a “buy” rating and set a $430.00 price target on the stock in a research report on Friday, April 10th. JPMorgan Chase & Co. upped their price objective on shares of Madison Square Garden from $240.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Weiss Ratings upgraded Madison Square Garden from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 27th. Finally, Susquehanna increased their price target on Madison Square Garden from $388.00 to $404.00 and gave the company a “positive” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $342.20.

Read Our Latest Analysis on MSGS

Insiders Place Their Bets

In other Madison Square Garden news, Director Charles P. Dolan sold 5,659 shares of Madison Square Garden stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $325.26, for a total transaction of $1,840,646.34. Following the completion of the sale, the director directly owned 435 shares in the company, valued at $141,488.10. The trade was a 92.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 19.07% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Madison Square Garden

Several hedge funds have recently added to or reduced their stakes in MSGS. Empowered Funds LLC boosted its stake in Madison Square Garden by 211.7% in the first quarter. Empowered Funds LLC now owns 11,309 shares of the company’s stock worth $3,635,000 after buying an additional 7,681 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of Madison Square Garden by 76.5% in the 1st quarter. Quantinno Capital Management LP now owns 104,312 shares of the company’s stock valued at $33,526,000 after purchasing an additional 45,223 shares in the last quarter. Southpoint Capital Advisors LP grew its holdings in shares of Madison Square Garden by 3.3% during the 1st quarter. Southpoint Capital Advisors LP now owns 155,000 shares of the company’s stock valued at $49,817,000 after purchasing an additional 5,000 shares during the last quarter. Renaissance Technologies LLC raised its position in Madison Square Garden by 45.9% in the 1st quarter. Renaissance Technologies LLC now owns 172,000 shares of the company’s stock worth $55,281,000 after purchasing an additional 54,100 shares during the period. Finally, Sei Investments Co. lifted its stake in Madison Square Garden by 36.9% in the first quarter. Sei Investments Co. now owns 8,718 shares of the company’s stock worth $2,802,000 after purchasing an additional 2,352 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

Madison Square Garden Price Performance

The stock has a market capitalization of $8.51 billion, a P/E ratio of -380.50 and a beta of 0.59. The stock has a 50 day moving average price of $326.31 and a 200-day moving average price of $282.86.

Madison Square Garden (NYSE:MSGS – Get Free Report) last announced its earnings results on Friday, May 8th. The company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($1.39). The company had revenue of $432.20 million during the quarter, compared to the consensus estimate of $429.66 million. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.59) EPS. Research analysts predict that The Madison Square Garden Company will post -0.5 earnings per share for the current fiscal year.

About Madison Square Garden

(Get Free Report)

Madison Square Garden Sports Corp (NYSE: MSGS) is a leading sports and entertainment holding company focused on professional sports franchises and related media assets. The company owns and operates teams such as the NBA’s New York Knicks, the NHL’s New York Rangers and the WNBA’s New York Liberty. Through these flagship franchises, MSG Sports offers a range of products and services including ticketing, premium seating and sponsorship opportunities, targeting fans in the New York metropolitan area and beyond.

In addition to team operations, Madison Square Garden Sports Corp holds a majority stake in MSG Networks, a regional cable network that broadcasts live sporting events, news and original programming.

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