In his trade on March 11, 2013,
, chairman of Southeastern Asset Management, reduced his Madison
Square Gardens Company
position by 40.36%, bringing his current shares to 2.6 million.
The current price for MSG is $55.95 with a 0% change from
' holding history of MSG shows that he began unloading MSG in the
second quarter of 2012 as the quarterly average price was going
See MSG's 10-year valuations here.
A spinoff of Cablevision Systems Corporation, the Manhattan-based
Madison Square Garden Company was incorporated on July 29, 2009.
With a market cap of $4.28 billion, a P/E of 40, and a P/S of
3.28, Madison Square Garden Company is an empire of brands,
venues, and professional sports teams, operating through three
business units: MSG Entertainment, MSG Media and MSG Sports. MSG
Sports owns and operates sports franchises, including the New
York Knicks, the New York Rangers and others.
GuruFocus performed a thorough checkup on the financials and
performance of Madison Square Garden Company and found one severe
warning sign, that its asset growth is faster than its revenue
growth. Two other warning signs are that MSG's price is close to
its five-year high, and its P/S ratio (3.3) is at its two-year
high of 3.3.
Here's the GuruFocus analysis of MSG.
Mason Hawkins is a buy-and-hold Guru who invests in large
positions of individual stocks and holds them for a long time.
His reduction of MSG comes one day before Madison Square Gardens
Company sells its stake in the world's largest concert promoter,
Live Nation (
, for $44 million. According to Bloomberg, MSG Chairman James
Dolan resigned from the Live Nation board of directors last
Other investor Gurus who added major shares of MSG on Dec. 31,
2012, include Steven Cohen for 341.26%, Murray Stahl for 76.85%
and Jim Simons for 54.69%. However, on the same day, Gurus George
Soros and Paul Tudor Jones sold out their MSG shares.
Mason Hawkins' Top Buys, Top Sells, Top Holdings:
GuruFocus "Real Time Picks" reports the stock purchases and sales
that Gurus have made within the prior 2 weeks. The report time
lag can be as short as 2 days after the date of the transaction.
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