IFP Advisors Inc Has $122,000 Stake in Madison Square Garden Sports Corp. (NYSE:MSGS)

IFP Advisors Inc lifted its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 134.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 540 shares of the company’s stock after acquiring an additional 310 shares during the period. IFP Advisors Inc’s holdings in Madison Square Garden Sports were worth $122,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in MSGS. Allworth Financial LP raised its stake in shares of Madison Square Garden Sports by 81.4% in the 4th quarter. Allworth Financial LP now owns 127 shares of the company’s stock valued at $28,000 after acquiring an additional 57 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of 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 in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Madison Square Garden Sports in the 4th quarter valued at approximately $43,000. Venturi Wealth Management LLC raised 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 acquiring an additional 53 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Madison Square Garden Sports by 35.3% in the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock valued at $53,000 after acquiring an additional 61 shares in the last quarter. 68.94% of the stock is owned by institutional investors.

Madison Square Garden Sports Stock Down 1.4 %

Shares of NYSE MSGS opened at $198.73 on Wednesday. The business’s 50 day moving average is $213.73 and its two-hundred day moving average is $216.29. The company has a market cap of $4.77 billion, a P/E ratio of 83.85 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.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.25). The business had revenue of $357.80 million during the quarter, compared to the consensus estimate 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 business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 earnings per share. Sell-side analysts expect 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 price objective on Madison Square Garden Sports from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th.

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.