Madison Square Garden Sports Corp. (NYSE:MSGS) Stock Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 43.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 916 shares of the company’s stock after buying an additional 278 shares during the period. GAMMA Investing LLC’s holdings in Madison Square Garden Sports were worth $207,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. raised its position in Madison Square Garden Sports by 6.0% in the second quarter. Victory Capital Management Inc. now owns 80,796 shares of the company’s stock worth $15,200,000 after acquiring an additional 4,541 shares in the last quarter. Arizona State Retirement System lifted its stake in Madison Square Garden Sports by 1.9% during the second quarter. Arizona State Retirement System now owns 4,349 shares of the company’s stock valued at $818,000 after purchasing an additional 83 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in Madison Square Garden Sports by 8.6% during the second quarter. Wedbush Securities Inc. now owns 6,966 shares of the company’s stock worth $1,311,000 after buying an additional 549 shares in the last quarter. Insight Inv LLC grew its position in Madison Square Garden Sports by 8.2% in the second quarter. Insight Inv LLC now owns 6,565 shares of the company’s stock worth $1,235,000 after buying an additional 500 shares during the last quarter. Finally, Qsemble Capital Management LP bought a new position in shares of Madison Square Garden Sports in the second quarter valued at $223,000. Institutional investors and hedge funds own 68.94% of the company’s stock.

Analysts Set New Price Targets

Separately, Macquarie raised their price objective 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 Trading Down 1.5 %

NYSE MSGS opened at $215.79 on Wednesday. Madison Square Garden Sports Corp. has a 1 year low of $176.27 and a 1 year high of $237.99. The stock’s 50-day moving average price is $225.79 and its two-hundred day moving average price is $211.64. The company has a market cap of $5.17 billion, a PE ratio of 74.15 and a beta of 0.91.

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