Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 19.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,500 shares of the company’s stock after purchasing an additional 7,800 shares during the period. Renaissance Technologies LLC owned about 0.20% of Madison Square Garden Sports worth $9,124,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Madison Square Garden Sports by 80.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock valued at $42,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC grew its position in shares of Madison Square Garden Sports by 179.8% in the second quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $49,000 after purchasing an additional 169 shares during the period. Cape Investment Advisory Inc. increased its stake in shares of Madison Square Garden Sports by 400.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 500 shares of the company’s stock worth $91,000 after purchasing an additional 400 shares in the last quarter. Quent Capital LLC raised its position in shares of Madison Square Garden Sports by 312.4% during the 1st quarter. Quent Capital LLC now owns 565 shares of the company’s stock worth $104,000 after purchasing an additional 428 shares during the last quarter. Finally, BNP Paribas purchased a new position in Madison Square Garden Sports in the 1st quarter valued at about $111,000. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Madison Square Garden Sports Stock Up 0.3 %

Madison Square Garden Sports stock opened at $206.72 on Wednesday. The company has a fifty day simple moving average of $201.80 and a 200-day simple moving average of $191.68. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 210.94 and a beta of 0.94. Madison Square Garden Sports Corp. has a 52-week low of $164.79 and a 52-week high of $213.26.

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

Insider Buying and Selling

In other Madison Square Garden Sports news, CEO James Lawrence Dolan sold 629 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.30, for a total value of $131,649.70. Following the completion of the sale, the chief executive officer now directly owns 10,192 shares in the company, valued at approximately $2,133,185.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 22.28% of the stock is currently owned by company insiders.

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.