Will Madison Square Garden’s Top Institutional Shareholders Buy More After Earnings?

For the year-to-date, Madison Square Garden, Inc.’s(NASDAQ:MSG) shares are up 45.95 percent. On Friday, the company reported its fourth-quarter net income beat analysts’ expectations.

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Net income increased 34.3 percent to $28.6 million (37 cents per share) vs. $21.3 million (28 cents per share) from the previous year.

Revenue increased 42.3 percent to $332.9 million from the prior year. This beat analysts’ estimates of 16 cents per share but came in lower than $358 million revenue estimates.

President and CEO Hank Ratner said of the quarter, “Our Company had an impressive year as the ongoing strength of our fully integrated media, entertainment andsports business drove record AOCF for fiscal 2012. The second phase of the Arena Transformation is progressing well and we look forward to the debut of the transformed upper bowl this fall. Looking ahead, we remain confident that the breadth and strength of our assets and brands position us well for long-term growth and value creation for our shareholders.”

With its earnings beating estimates and increased revenue, will Madison Square Garden’s largest shareholders increase their holdings? 165 institutional firms indicated owning shares of Madison Square Garden, Inc. (NASDAQ:MSG) in Q2 2012. These firms reported owning a total of 56.472 million shares on 06/30/2012. The shares closed at $37.44 on 06/30/2012.

Here are the ten largest positions in Madison Square Garden, Inc. at the end of June 30th, 2012.

Luxor Capital Group LP held 6,001,521 shares on 06/30/2012 worth $224,696,938. This brought the portfolio total to 10.57%.

Southeastern Asset Management Inc/TN/ held 5,927,900 shares on 06/30/2012 worth $221,940,568. This brought the portfolio total to 0.94%.

Price T Rowe Associates Inc /MD/ held 5,549,531 shares on 06/30/2012 worth $207,774,433. This brought the portfolio total to 0.07%.

Gamco Investors Inc. et al held 3,218,114 shares on 06/30/2012 worth $120,486,184. This brought the portfolio total to 0.91%.

Vanguard Group Inc held 3,081,744 shares on 06/30/2012 worth $115,380,491. This brought the portfolio total to 0.02%.

Clearbridge Advisors LLC held 2,739,722 shares on 06/30/2012 worth $102,575,188. This brought the portfolio total to 0.2%.

Ariel Investments LLC held 2,636,166 shares on 06/30/2012 worth $98,698,051. This brought the portfolio total to 2.19%.

Burgundy Asset Management Ltd. held 2,369,879 shares on 06/30/2012 worth $88,728,267. This brought the portfolio total to 1.98%.

River Road Asset Management LLC held 1,997,207 shares on 06/30/2012 worth $74,775,427. This brought the portfolio total to 1.23%.

Gabelli Funds LLC held 1,703,950 shares on 06/30/2012 worth $63,795,886. This brought the portfolio total to 0.44%.

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