XTX Topco Ltd Takes Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

XTX Topco Ltd bought a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,698 shares of the company’s stock, valued at approximately $884,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake in shares of Madison Square Garden Sports by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,446 shares of the company’s stock valued at $18,082,000 after buying an additional 4,877 shares during the last quarter. Dimensional Fund Advisors LP raised its position 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 valued at $31,250,000 after acquiring an additional 14,741 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Madison Square Garden Sports by 40.8% in the fourth quarter. Quadrant Capital Group LLC now owns 449 shares of the company’s stock valued at $82,000 after acquiring an additional 130 shares during the period. Norges Bank purchased a new stake in Madison Square Garden Sports in the 4th quarter worth approximately $35,002,000. Finally, SageView Advisory Group LLC acquired a new stake in shares of Madison Square Garden Sports during the 4th quarter worth approximately $253,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Madison Square Garden Sports

In other Madison Square Garden Sports news, CEO James Lawrence Dolan sold 629 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.30, for a total transaction of $131,649.70. Following the transaction, the chief executive officer now directly owns 10,192 shares of the company’s stock, valued at $2,133,185.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 22.28% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Macquarie decreased their target price on shares of Madison Square Garden Sports from $240.00 to $235.00 and set an “outperform” rating for the company in a research note on Friday, August 16th.

Madison Square Garden Sports Stock Down 1.2 %

MSGS stock opened at $207.02 on Friday. Madison Square Garden Sports Corp. has a 52-week low of $164.79 and a 52-week high of $213.26. The company’s 50-day simple moving average is $201.63 and its 200-day simple moving average is $191.49. The firm has a market cap of $4.96 billion, a P/E ratio of 211.24 and a beta of 0.94.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.33 by $0.73. The company had revenue of $227.25 million for the quarter, compared to analyst estimates of $167.71 million. Madison Square Garden Sports had a negative return on equity of 18.69% and a net margin of 5.72%. Madison Square Garden Sports’s quarterly revenue was up 79.1% compared to the same quarter last year. During the same period last year, the company earned ($0.39) earnings per share. On average, analysts anticipate that Madison Square Garden Sports Corp. will post 1.39 earnings per share for the current fiscal year.

Madison Square Garden Sports Profile

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 development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.