Pacer Advisors Inc. Takes $226,000 Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Pacer Advisors Inc. purchased a new position in Madison Square Garden Sports Corp. (NYSE:MSGS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,002 shares of the company’s stock, valued at approximately $226,000.

Several other hedge funds have also recently bought and sold shares of MSGS. KBC Group NV grew its holdings in Madison Square Garden Sports by 94.2% in the fourth quarter. KBC Group NV now owns 707 shares of the company’s stock valued at $160,000 after purchasing an additional 343 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Madison Square Garden Sports by 39.7% in the 4th quarter. Blue Trust Inc. now owns 584 shares of the company’s stock worth $122,000 after buying an additional 166 shares in the last quarter. Fifth Third Bancorp grew its stake in Madison Square Garden Sports by 119.0% in the 4th quarter. Fifth Third Bancorp now owns 138 shares of the company’s stock valued at $31,000 after acquiring an additional 75 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Madison Square Garden Sports by 4.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,725 shares of the company’s stock valued at $1,969,000 after acquiring an additional 354 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Madison Square Garden Sports during the fourth quarter worth about $685,000. 68.94% of the stock is owned by hedge funds and other institutional investors.

Madison Square Garden Sports Stock Performance

Shares of NYSE:MSGS opened at $210.60 on Wednesday. Madison Square Garden Sports Corp. has a one year low of $178.35 and a one year high of $237.99. The stock has a market cap of $5.04 billion, a PE ratio of 72.37 and a beta of 0.91. The business’s fifty day moving average price is $223.36 and its two-hundred day moving average price is $214.86.

Madison Square Garden Sports (NYSE:MSGS) last announced its earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $357.80 million during the quarter, compared to analyst estimates of $352.68 million. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. As a group, equities research analysts predict that Madison Square Garden Sports Corp. will post 0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Macquarie increased their price target 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.