Principal Financial Group Inc. Purchases 2,443 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Principal Financial Group Inc. increased its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 81,252 shares of the company’s stock after purchasing an additional 2,443 shares during the period. Principal Financial Group Inc. owned 0.34% of Madison Square Garden Sports worth $18,337,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP boosted its stake in shares of Madison Square Garden Sports by 81.4% during the 4th quarter. Allworth Financial LP now owns 127 shares of the company’s stock worth $28,000 after acquiring an additional 57 shares during the period. Fifth Third Bancorp raised 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 period. Heck Capital Advisors LLC acquired a new stake in Madison Square Garden Sports during the 4th quarter valued at $43,000. Venturi Wealth Management LLC boosted its position 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 worth $46,000 after purchasing an additional 53 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of Madison Square Garden Sports by 35.3% in the fourth 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 last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Analyst Ratings Changes

Separately, Macquarie raised 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 research note on Tuesday, November 5th.

Madison Square Garden Sports Trading Down 0.2 %

Madison Square Garden Sports stock opened at $202.61 on Tuesday. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 85.49 and a beta of 0.91. Madison Square Garden Sports Corp. has a 12 month low of $178.35 and a 12 month high of $237.99. The stock’s 50 day moving average is $216.51 and its 200-day moving average is $216.12.

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

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.