JAT ups MSG stake to 6.7%, might want talks

|By:, SA News Editor

John Thaler's JAT Capital has raised its stake in Madison Square Garden (NASDAQ:MSG) to 4.28M shares (6.7%). In its 13D, JAT says it "may seek to engage" MSG's board to "provide recommendations on ways to achieve long-term value."

MSG +1.9% AH to a new 52-week high. Shares have been buoyed by Steve Ballmer's $2B purchase of the Clippers, and its potential implications for the value of the Knicks.