SageView Advisory Group LLC Takes Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

SageView Advisory Group LLC acquired a new stake in Madison Square Garden Sports Corp. (NYSE:MSGS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,348 shares of the company’s stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Madison Square Garden Sports by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,867,989 shares of the company’s stock valued at $329,326,000 after buying an additional 130,745 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of Madison Square Garden Sports by 0.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 573,020 shares of the company’s stock valued at $104,192,000 after buying an additional 3,995 shares during the period. Northern Trust Corp lifted its stake in Madison Square Garden Sports by 7.8% during the third quarter. Northern Trust Corp now owns 226,994 shares of the company’s stock worth $40,019,000 after purchasing an additional 16,497 shares during the last quarter. Norges Bank purchased a new stake in Madison Square Garden Sports during the fourth quarter worth approximately $35,002,000. Finally, Dimensional Fund Advisors LP lifted its stake in Madison Square Garden Sports by 9.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 171,864 shares of the company’s stock worth $31,250,000 after purchasing an additional 14,741 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Up 2.8 %

MSGS stock opened at $187.48 on Friday. The business has a 50 day moving average price of $185.25 and a 200 day moving average price of $183.99. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 191.31 and a beta of 0.92. Madison Square Garden Sports Corp. has a fifty-two week low of $164.79 and a fifty-two week high of $215.79.

Madison Square Garden Sports (NYSE:MSGS) last posted its earnings results on Thursday, May 2nd. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($1.21). The business had revenue of $430.00 million for the quarter, compared to analysts’ expectations of $420.76 million. Madison Square Garden Sports had a negative return on equity of 7.23% and a net margin of 2.59%. Madison Square Garden Sports’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.18 EPS. As a group, sell-side analysts anticipate that Madison Square Garden Sports Corp. will post 1.91 EPS for the current year.

About Madison Square Garden Sports

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.