Madison Square Garden Sports Corp. (NYSE:MSGS) Position Raised by Vanguard Group Inc.

Vanguard Group Inc. raised its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,926,892 shares of the company’s stock after purchasing an additional 58,903 shares during the quarter. Vanguard Group Inc. owned about 8.05% of Madison Square Garden Sports worth $350,367,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Madison Square Garden Sports in the fourth quarter worth approximately $35,002,000. Sea Cliff Partners Management LP purchased a new position in shares of Madison Square Garden Sports in the fourth quarter worth approximately $24,577,000. Rubric Capital Management LP purchased a new stake in shares of Madison Square Garden Sports in the 3rd quarter valued at approximately $14,723,000. Stifel Financial Corp lifted its position in shares of Madison Square Garden Sports by 691.1% in the third quarter. Stifel Financial Corp now owns 24,596 shares of the company’s stock worth $4,336,000 after buying an additional 21,487 shares during the last quarter. Finally, Tudor Investment Corp Et Al boosted its position in Madison Square Garden Sports by 98.5% during the third quarter. Tudor Investment Corp Et Al now owns 43,247 shares of the company’s stock worth $7,624,000 after purchasing an additional 21,459 shares during the period. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Madison Square Garden Sports Price Performance

NYSE:MSGS opened at $188.06 on Friday. Madison Square Garden Sports Corp. has a one year low of $164.79 and a one year high of $215.79. The stock has a market cap of $4.50 billion, a P/E ratio of 191.90 and a beta of 0.92. The company has a fifty day moving average price of $186.21 and a 200 day moving average price of $184.74.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.78 by ($1.21). The company had revenue of $430.00 million during the quarter, compared to analyst estimates of $420.76 million. Madison Square Garden Sports had a net margin of 2.59% and a negative return on equity of 7.23%. Madison Square Garden Sports’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.18 EPS. As a group, equities research 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.