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Quantbot Technologies Reduces Stake in Madison Square Garden
Investment firm cuts ownership in sports and entertainment company by over 50%
Quantbot Technologies LP, an investment management firm, has reduced its stake in The Madison Square Garden Company (NYSE: MSGS) by 52% in the third quarter. The firm previously owned 2,976 shares of the company's stock, valued at $676,000, but sold 3,226 shares during the quarter.
Madison Square Garden is a major sports and entertainment company that owns several high-profile franchises, including the NBA's New York Knicks and the NHL's New York Rangers. The reduction in Quantbot's stake could signal a shift in investor sentiment around the company, though it's unclear if this is part of a broader trend or an isolated move by the investment firm.
The Madison Square Garden Company $MSGS Stake Decreased by Gamco Investors INC. ET AL
Gamco Investors INC. ET AL lessened its holdings in shares of The Madison Square Garden Company (NYSE:MSGS – Free Report) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 606,518 shares of the company's stock after selling 8,270 shares during the period. Madison Square Garden makes up approximately 1.3% of Gamco Investors INC. ET AL's portfolio, making the stock its 8th biggest holding. Gamco Investors INC. ET AL owned 2.53% of Madison Square Garden worth $137,680,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. grew its stake in shares of Madison Square Garden by 0.4% during the 3rd quarter. Victory Capital Management Inc. now owns 455,042 shares of the company's stock worth $103,295,000 after purchasing an additional 1,688 shares during the period. Greenhouse Funds LLLP lifted its stake in shares of Madison Square Garden by 6.5% in the second quarter. Greenhouse Funds LLLP now owns 434,910 shares of the company's stock valued at $90,874,000 after purchasing an additional 26,583 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Madison Square Garden by 9.5% in the second quarter. The Manufacturers Life Insurance Company now owns 234,657 shares of the company's stock valued at $49,032,000 after purchasing an additional 20,277 shares during the period. Norges Bank purchased a new stake in Madison Square Garden during the second quarter worth about $39,215,000. Finally, Systematic Financial Management LP boosted its holdings in Madison Square Garden by 8.2% during the second quarter. Systematic Financial Management LP now owns 136,688 shares of the company's stock worth $28,561,000 after buying an additional 10,383 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company's stock.
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Quantbot Technologies LP Reduces Stake in The Madison Square Garden Company $MSGS
Quantbot Technologies LP cut its position in shares of The Madison Square Garden Company (NYSE:MSGS – Free Report) by 52.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,976 shares of the company's stock after selling 3,226 shares during the quarter. Quantbot Technologies LP's holdings in Madison Square Garden were worth $676,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Gamco Investors INC. ET AL lifted its stake in shares of Madison Square Garden by 1.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 614,788 shares of the company's stock worth $128,460,000 after purchasing an additional 11,464 shares during the period. Greenhouse Funds LLLP increased its stake in Madison Square Garden by 6.5% in the second quarter. Greenhouse Funds LLLP now owns 434,910 shares of the company's stock valued at $90,874,000 after purchasing an additional 26,583 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Madison Square Garden by 9.5% during the second quarter. The Manufacturers Life Insurance Company now owns 234,657 shares of the company's stock worth $49,032,000 after buying an additional 20,277 shares during the period. Norges Bank purchased a new position in Madison Square Garden during the second quarter worth about $39,215,000. Finally, Systematic Financial Management LP boosted its stake in Madison Square Garden by 8.2% in the 2nd quarter. Systematic Financial Management LP now owns 136,688 shares of the company's stock worth $28,561,000 after buying an additional 10,383 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company's stock.
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