Empowered Funds LLC Acquires Shares of 1,855 Madison Square Garden Sports Corp. (NYSE:MSGS)

Empowered Funds LLC acquired a new stake in Madison Square Garden Sports Corp. (NYSE:MSGS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,855 shares of the company’s stock, valued at approximately $419,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSGS. Empirical Asset Management LLC purchased a new position in Madison Square Garden Sports in the 4th quarter valued at $26,120,000. Harbor Capital Advisors Inc. lifted its holdings in Madison Square Garden Sports by 75.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 68,632 shares of the company’s stock valued at $14,293,000 after purchasing an additional 29,445 shares in the last quarter. Tabor Asset Management LP acquired a new stake in shares of Madison Square Garden Sports in the 3rd quarter worth $5,558,000. Algert Global LLC increased its stake in shares of Madison Square Garden Sports by 535.4% in the 3rd quarter. Algert Global LLC now owns 31,459 shares of the company’s stock worth $6,552,000 after acquiring an additional 26,508 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Madison Square Garden Sports by 526.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 27,101 shares of the company’s stock worth $5,644,000 after acquiring an additional 22,772 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Up 0.1 %

Shares of MSGS opened at $207.10 on Thursday. Madison Square Garden Sports Corp. has a 52-week low of $178.35 and a 52-week high of $237.99. The company has a market capitalization of $4.97 billion, a PE ratio of 87.38 and a beta of 0.91. The stock has a fifty day simple moving average of $218.39 and a two-hundred day simple moving average of $215.64.

Madison Square Garden Sports (NYSE:MSGS) last issued its earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The company had revenue of $357.80 million during the quarter, compared to analyst estimates of $352.68 million. Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business earned $0.59 earnings per share. As a group, equities analysts anticipate that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Macquarie raised their target price on Madison Square Garden Sports from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note 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.