Proficio Capital Partners LLC Buys Shares of 15,121 Madison Square Garden Sports Corp. (NYSE:MSGS)

Proficio Capital Partners LLC bought a new stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 15,121 shares of the company’s stock, valued at approximately $3,413,000. Proficio Capital Partners LLC owned about 0.06% of Madison Square Garden Sports at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in Madison Square Garden Sports by 81.4% during 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 during the last quarter. Fifth Third Bancorp increased its stake in Madison Square Garden Sports by 119.0% during the fourth quarter. Fifth Third Bancorp now owns 138 shares of the company’s stock valued at $31,000 after purchasing an additional 75 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Madison Square Garden Sports during the fourth quarter valued at $43,000. Venturi Wealth Management LLC boosted its holdings in shares of Madison Square Garden Sports by 31.2% during the third 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 period. Finally, Versant Capital Management Inc boosted its holdings in shares of Madison Square Garden Sports by 35.3% during the fourth quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock valued at $53,000 after acquiring an additional 61 shares during the period. Institutional investors own 68.94% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Madison Square Garden Sports Stock Performance

Shares of MSGS opened at $198.73 on Wednesday. Madison Square Garden Sports Corp. has a 1 year low of $178.35 and a 1 year high of $237.99. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 83.85 and a beta of 0.91. The firm has a fifty day moving average of $213.73 and a 200-day moving average of $216.29.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $352.68 million. During the same period last year, the firm posted $0.59 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. Analysts predict that Madison Square Garden Sports Corp. will post 0.73 EPS for the current 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.