Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 43.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 916 shares of the company’s stock after purchasing an additional 278 shares during the period. GAMMA Investing LLC’s holdings in Madison Square Garden Sports were worth $207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in shares of Madison Square Garden Sports by 35.3% during the fourth quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock worth $53,000 after purchasing an additional 61 shares during the period. Inspire Trust Co. N.A. grew its position in shares of Madison Square Garden Sports by 18.6% during the 3rd quarter. Inspire Trust Co. N.A. now owns 7,000 shares of the company’s stock valued at $1,458,000 after buying an additional 1,100 shares during the last quarter. Franklin Resources Inc. raised its stake in Madison Square Garden Sports by 1.3% during the third quarter. Franklin Resources Inc. now owns 99,847 shares of the company’s stock worth $21,706,000 after acquiring an additional 1,326 shares during the period. Sanctuary Advisors LLC bought a new position in Madison Square Garden Sports in the third quarter worth about $264,000. Finally, Geode Capital Management LLC boosted its stake in Madison Square Garden Sports by 0.7% in the third quarter. Geode Capital Management LLC now owns 273,222 shares of the company’s stock valued at $56,916,000 after acquiring an additional 1,913 shares during the period. 68.94% of the stock is owned by institutional investors.

Madison Square Garden Sports Stock Performance

MSGS stock opened at $215.79 on Wednesday. The stock’s fifty day moving average is $225.79 and its two-hundred day moving average is $211.64. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 74.15 and a beta of 0.91. Madison Square Garden Sports Corp. has a 1 year low of $176.27 and a 1 year high of $237.99.

Madison Square Garden Sports (NYSE:MSGS) last posted its earnings results on Friday, November 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $53.31 million during the quarter, compared to analyst estimates of $43.71 million. During the same period in the previous year, the business posted ($0.79) EPS. Madison Square Garden Sports’s revenue was up 23.8% on a year-over-year basis. As a group, analysts predict that Madison Square Garden Sports Corp. will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Macquarie increased their price target 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 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.