Sanctuary Advisors LLC Buys New Shares in Madison Square Garden Sports Corp. (NYSE:MSGS)

Sanctuary Advisors LLC purchased a new position in Madison Square Garden Sports Corp. (NYSE:MSGS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,147 shares of the company’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in shares of Madison Square Garden Sports by 31.2% in the 3rd 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 period. Blue Trust Inc. boosted its holdings in 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 in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Madison Square Garden Sports in the third quarter valued at approximately $119,000. Quent Capital LLC increased its holdings 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 acquiring an additional 445 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Madison Square Garden Sports during the second quarter worth approximately $132,000. 68.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Macquarie lifted 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 Stock Performance

Shares of NYSE MSGS opened at $221.10 on Friday. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 75.98 and a beta of 0.91. Madison Square Garden Sports Corp. has a fifty-two week low of $176.27 and a fifty-two week high of $237.99. The firm’s 50-day simple moving average is $225.27 and its 200 day simple moving average is $209.56.

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

About Madison Square Garden Sports

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.