Madison Square Garden Sports Corp. (NYSE:MSGS) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,855 shares of the company’s stock after purchasing an additional 3,784 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.47% of Madison Square Garden Sports worth $23,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its stake in Madison Square Garden Sports by 31.2% in the 3rd 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 increased its holdings in shares of Madison Square Garden Sports by 2.5% during the 3rd quarter. Creative Planning now owns 2,542 shares of the company’s stock valued at $529,000 after acquiring an additional 61 shares during the last quarter. Arizona State Retirement System lifted its stake 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 worth $818,000 after buying an additional 83 shares during the last quarter. Pullen Investment Management LLC boosted its holdings 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 acquiring an additional 98 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in Madison Square Garden Sports by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the company’s stock valued at $1,580,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Down 1.1 %

NYSE:MSGS opened at $229.27 on Friday. Madison Square Garden Sports Corp. has a 12-month low of $168.32 and a 12-month high of $232.58. The firm has a market capitalization of $5.49 billion, a PE ratio of 78.79 and a beta of 0.91. The firm has a 50-day moving average price of $221.28 and a 200 day moving average price of $204.78.

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

Analysts Set New Price Targets

Separately, Macquarie lifted their target price on Madison Square Garden Sports from $235.00 to $240.00 and gave the stock 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.