Mason Hawkins Chops Madison Square Gardens as MSG Sells LYV

In his trade on March 11, 2013, Mason Hawkins , chairman of Southeastern Asset Management, reduced his Madison Square Gardens Company ( MSG ) 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 average. The Mason Hawkins ' holding history of MSG shows that he began unloading MSG in the second quarter of 2012 as the quarterly average price was going up. 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 ( LYV) , for $44 million. According to Bloomberg, MSG Chairman James Dolan resigned from the Live Nation board of directors last month.

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. This feature is for Premium Members only. If you are not a Premium Member, we invite you for a 7-day Free Trial.About GuruFocus: tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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