Smartleaf Asset Management LLC Has $62,000 Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Smartleaf Asset Management LLC lifted its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 423.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 272 shares of the company’s stock after purchasing an additional 220 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Madison Square Garden Sports were worth $62,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MSGS. Allworth Financial LP lifted its holdings in shares of Madison Square Garden Sports by 81.4% in the fourth quarter. Allworth Financial LP now owns 127 shares of the company’s stock valued at $28,000 after purchasing an additional 57 shares in the last quarter. Fifth Third Bancorp raised its position 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 buying an additional 75 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in Madison Square Garden Sports in the 4th quarter valued at approximately $43,000. Venturi Wealth Management LLC boosted its position in Madison Square Garden Sports by 31.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock worth $46,000 after acquiring an additional 53 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Madison Square Garden Sports by 35.3% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock worth $53,000 after acquiring an additional 61 shares in the last quarter. 68.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Macquarie increased their target price on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th.

Madison Square Garden Sports Price Performance

Shares of NYSE MSGS opened at $189.22 on Tuesday. The business has a 50-day moving average of $211.58 and a 200-day moving average of $215.97. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 79.84 and a beta of 0.91. Madison Square Garden Sports Corp. has a fifty-two week low of $178.35 and a fifty-two week high of $237.99.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share 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 company had revenue of $357.80 million during the quarter, compared to the consensus estimate of $352.68 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, sell-side analysts expect that Madison Square Garden Sports Corp. will post 0.73 EPS for the current year.

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.