David "Doc" O'Connor has abruptly quit the Madison Square Garden Co. after just two years as president and CEO of the company that owns the iconic namesake sports arena, along with the New York Knicks NBA team, New York Rangers NHL team and several other assets. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.65) by $0.18, Briefing.com reports. The business earned $181.70 million during the quarter, compared to analyst estimates of $167.95 million. The company has a debt-to-equity ratio of -1.35, a quick ratio of 2.75 and a current ratio of 2.75. Institutional investors own 68.03% of the company's stock.
An institutional investor recently raised its position in The Madison Square Garden stock.
Shares of The Madison Square Garden (MSG) opened at $225.00 on Tuesday.
The Madison Square Garden Company (MSG) is a world leader in live sports and entertainment experiences. The Madison Square Garden has a twelve month low of $166.86 and a twelve month high of $231.44.
Thomas, the former Knicks coach and executive who settled an $11.5 million sexual harassment lawsuit with former Garden executive Anucha Browne Sanders in 2007, has ironically been running the Liberty the last two years.
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. Zacks Investment Research cut shares of The Madison Square Garden from a "hold" rating to a "sell" rating in a report on Tuesday, October 17th. Point72 Asia Hong Kong Ltd purchased a new position in Madison Square Garden during the second quarter worth approximately $104,000. 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. Finally, Guggenheim raised shares of Madison Square Garden from a "neutral" rating to a "buy" rating in a research note on Saturday, December 10th. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and worldwide trademark and copyright laws. Loop Capital increased their price target on shares of The Madison Square Garden from $266.00 to $268.00 and gave the stock a "buy" rating in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. MSG Networks has an average rating of "Hold" and a consensus target price of $23.86. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of USA and worldwide trademark and copyright law.
The team is MSG's original Women's National Basketball Association franchise.