John Thaler's hedge fund firm JAT Capital has filed an amended 13D with the SEC regarding their position in Madison Square Garden (MSG). Per the filing, JAT now owns 9.36% of the company with over 5.95 million shares.
This marks an increase of over 1 million shares since the last time JAT increased its MSG stake last month. The latest filing was made due to the bulk of activity on September 18th where they bought MSG at $66.10
Per Google Finance, Madison Square Garden is "a holding company conducting its operations through direct and indirect subsidiaries. The Company is an integrated sports, entertainment and media business company. The Company operates in three segments: MSG Sports, MSG Media and MSG Entertainment. In March 2014, the Company purchased a 50% interest in Tribeca Enterprises."
Thursday, September 25, 2014
JAT Capital Boosts Madison Square Garden Stake Again
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