Versant Capital Management Inc Has $53,000 Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Versant Capital Management Inc raised its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 35.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 234 shares of the company’s stock after purchasing an additional 61 shares during the quarter. Versant Capital Management Inc’s holdings in Madison Square Garden Sports were worth $53,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings in shares of Madison Square Garden Sports by 31.2% in the third quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock valued at $46,000 after buying an additional 53 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Madison Square Garden Sports by 326.5% in the third quarter. Blue Trust Inc. now owns 418 shares of the company’s stock worth $87,000 after acquiring an additional 320 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Madison Square Garden Sports during the third quarter worth approximately $119,000. Quent Capital LLC grew its stake in shares of Madison Square Garden Sports by 271.3% during the third quarter. Quent Capital LLC now owns 609 shares of the company’s stock valued at $127,000 after purchasing an additional 445 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Madison Square Garden Sports by 142.6% in the third quarter. GAMMA Investing LLC now owns 638 shares of the company’s stock valued at $133,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Up 0.1 %

Madison Square Garden Sports stock opened at $223.33 on Monday. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 76.75 and a beta of 0.91. Madison Square Garden Sports Corp. has a 12-month low of $176.27 and a 12-month high of $237.99. The business’s 50-day simple moving average is $225.99 and its 200 day simple moving average is $211.23.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings results on Friday, November 1st. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.86) by $0.55. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The company had revenue of $53.31 million during the quarter, compared to analysts’ expectations of $43.71 million. During the same quarter in the previous year, the company earned ($0.79) EPS. Madison Square Garden Sports’s revenue was up 23.8% on a year-over-year basis. As a group, sell-side analysts expect that Madison Square Garden Sports Corp. will post 0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Madison Square Garden Sports Company 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.