SG Americas Securities LLC Purchases Shares of 3,035 Madison Square Garden Sports Corp. (NYSE:MSGS)

SG Americas Securities LLC purchased a new position in Madison Square Garden Sports Corp. (NYSE:MSGS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,035 shares of the company’s stock, valued at approximately $685,000.

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its holdings in Madison Square Garden Sports by 31.2% during the third quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock valued at $46,000 after acquiring an additional 53 shares during the period. Creative Planning raised its stake in 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 purchasing an additional 61 shares during the period. Versant Capital Management Inc raised its stake in Madison Square Garden Sports by 35.3% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock valued at $53,000 after purchasing an additional 61 shares during the period. Insight Inv LLC lifted its holdings in Madison Square Garden Sports by 1.5% in the 3rd quarter. Insight Inv LLC now owns 6,665 shares of the company’s stock worth $1,388,000 after purchasing an additional 100 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in Madison Square Garden Sports by 2.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 5,100 shares of the company’s stock worth $1,151,000 after purchasing an additional 100 shares during the period. Institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Up 0.6 %

MSGS opened at $220.92 on Friday. The company has a market capitalization of $5.29 billion, a PE ratio of 75.92 and a beta of 0.91. The firm has a 50-day simple moving average of $223.96 and a two-hundred day simple moving average of $214.29. Madison Square Garden Sports Corp. has a 52 week low of $178.35 and a 52 week high of $237.99.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings results on Friday, November 1st. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.86) by $0.55. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. The company had revenue of $53.31 million during the quarter, compared to analyst estimates of $43.71 million. During the same period in the prior year, the company earned ($0.79) earnings per share. The firm’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 earnings per share for the current year.

Analysts Set New Price Targets

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

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.