Thrivent Financial for Lutherans Decreases Stake in Madison Square Garden Sports Corp. (NYSE:MSGS)

Thrivent Financial for Lutherans lessened its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,118 shares of the company’s stock after selling 744 shares during the period. Thrivent Financial for Lutherans owned about 0.05% of Madison Square Garden Sports worth $2,732,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC increased its holdings 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 during the last quarter. EverSource Wealth Advisors LLC increased its stake in Madison Square Garden Sports by 80.6% in the first quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC increased its stake in Madison Square Garden Sports by 179.8% in the second quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $49,000 after purchasing an additional 169 shares during the last quarter. Blue Trust Inc. raised its holdings in Madison Square Garden Sports by 326.5% during the third quarter. Blue Trust Inc. now owns 418 shares of the company’s stock worth $87,000 after purchasing an additional 320 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Madison Square Garden Sports during the 3rd quarter worth approximately $119,000. 68.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Macquarie lifted their price target 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 Stock Performance

Madison Square Garden Sports stock opened at $230.37 on Wednesday. The stock has a 50-day simple moving average of $218.12 and a 200-day simple moving average of $202.94. The company has a market capitalization of $5.52 billion, a P/E ratio of 79.17 and a beta of 0.92. Madison Square Garden Sports Corp. has a fifty-two week low of $166.26 and a fifty-two week high of $232.58.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings data on Friday, November 1st. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.86) by $0.55. The company had revenue of $53.31 million during the quarter, compared to analysts’ expectations of $43.71 million. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.79) earnings per share. As a group, analysts forecast that Madison Square Garden Sports Corp. will post 0.81 earnings per share 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.