Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,513 shares of the company’s stock after selling 232 shares during the period. Mutual of America Capital Management LLC’s holdings in Madison Square Garden Sports were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MSGS. Venturi Wealth Management LLC lifted its position in Madison Square Garden Sports by 31.2% in the third quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock worth $46,000 after purchasing an additional 53 shares during the period. Creative Planning lifted its holdings in shares of Madison Square Garden Sports by 2.5% in the third quarter. Creative Planning now owns 2,542 shares of the company’s stock valued at $529,000 after buying an additional 61 shares during the period. Arizona State Retirement System lifted its holdings in shares of Madison Square Garden Sports by 1.9% in the second quarter. Arizona State Retirement System now owns 4,349 shares of the company’s stock valued at $818,000 after buying an additional 83 shares during the period. Pullen Investment Management LLC boosted its stake in Madison Square Garden Sports by 2.3% during the second quarter. Pullen Investment Management LLC now owns 4,419 shares of the company’s stock valued at $831,000 after buying an additional 98 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Madison Square Garden Sports by 80.6% during the first quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock worth $42,000 after acquiring an additional 100 shares during the period. 68.94% of the stock is currently owned by institutional investors.

Madison Square Garden Sports Stock Performance

NYSE MSGS opened at $230.37 on Wednesday. Madison Square Garden Sports Corp. has a 1 year low of $166.26 and a 1 year high of $232.58. The business’s fifty day moving average is $218.12 and its two-hundred day moving average is $202.94. The stock has a market capitalization of $5.52 billion, a P/E ratio of 79.17 and a beta of 0.92.

Madison Square Garden Sports (NYSE:MSGS) last announced its earnings results on Friday, November 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.55. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. The company had revenue of $53.31 million for the quarter, compared to analyst estimates of $43.71 million. During the same period in the previous year, the firm earned ($0.79) earnings per share. Madison Square Garden Sports’s revenue for the quarter was up 23.8% compared to the same quarter last year. On average, research analysts forecast that Madison Square Garden Sports Corp. will post 0.81 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Macquarie raised their price objective on shares of Madison Square Garden Sports from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th.

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.