JPMorgan Chase & Co. has increased its stake in The Madison Square Garden Company (MSGS) by 11.8% in the third quarter, purchasing an additional 12,412 shares to hold a total of 117,905 shares valued at approximately $26.8 million. This acquisition makes JPMorgan Chase & Co. the owner of 0.49% of Madison Square Garden. The company recently reported an earnings miss in its quarterly results, but revenue saw a 12.7% increase, leading to a consensus “Hold” rating from analysts with an average target price of $286.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
JPMorgan Chase & Co. Acquires 12,412 Shares of The Madison Square Garden Company $MSGS
JPMorgan Chase & Co. has increased its stake in The Madison Square Garden Company (MSGS) by 11.8% in the third quarter, purchasing an additional 12,412 shares to hold a total of 117,905 shares valued at approximately $26.8 million. This acquisition makes JPMorgan Chase & Co. the owner of 0.49% of Madison Square Garden. The company recently reported an earnings miss in its quarterly results, but revenue saw a 12.7% increase, leading to a consensus “Hold” rating from analysts with an average target price of $286.