Exchange Traded Concepts LLC Purchases 354 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Exchange Traded Concepts LLC raised its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 4.2% in the fourth quarter, HoldingsChannel reports. The firm owned 8,725 shares of the company’s stock after buying an additional 354 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Madison Square Garden Sports were worth $1,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in shares of Madison Square Garden Sports by 31.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock valued at $46,000 after purchasing an additional 53 shares during the period. Creative Planning grew its stake in shares of Madison Square Garden Sports by 2.5% during the 3rd quarter. Creative Planning now owns 2,542 shares of the company’s stock valued at $529,000 after purchasing an additional 61 shares during the period. 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 valued at $53,000 after purchasing an additional 61 shares during the period. Insight Inv LLC grew its stake in shares of Madison Square Garden Sports by 1.5% during the 3rd quarter. Insight Inv LLC now owns 6,665 shares of the company’s stock valued at $1,388,000 after purchasing an additional 100 shares during the period. Finally, Central Pacific Bank Trust Division grew its stake in shares of Madison Square Garden Sports by 2.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 5,100 shares of the company’s stock valued at $1,151,000 after purchasing an additional 100 shares during the period. 68.94% of the stock is currently owned by institutional investors.

Madison Square Garden Sports Stock Up 0.5 %

MSGS stock opened at $219.50 on Monday. Madison Square Garden Sports Corp. has a twelve month low of $178.35 and a twelve month high of $237.99. The stock has a market cap of $5.26 billion, a P/E ratio of 75.43 and a beta of 0.91. The business’s 50-day moving average price is $224.05 and its 200-day moving average price is $213.77.

Madison Square Garden Sports (NYSE:MSGS) last posted 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. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. The firm had revenue of $53.31 million for the quarter, compared to analysts’ expectations of $43.71 million. During the same period in the previous year, the firm earned ($0.79) EPS. The business’s quarterly revenue was up 23.8% on a year-over-year basis. On average, equities research analysts expect that Madison Square Garden Sports Corp. will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Macquarie boosted their price target on Madison Square Garden Sports from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th.

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.