Levin Capital Strategies L.P. Has $686,000 Stake in Madison Square Garden Sports Corp. (NYSE:MSGS)

Levin Capital Strategies L.P. boosted its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 118.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,039 shares of the company’s stock after buying an additional 1,648 shares during the period. Levin Capital Strategies L.P.’s holdings in Madison Square Garden Sports were worth $686,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its stake in Madison Square Garden Sports by 75.1% during the third quarter. Harbor Capital Advisors Inc. now owns 68,632 shares of the company’s stock worth $14,293,000 after buying an additional 29,445 shares in the last quarter. State Street Corp grew its stake in Madison Square Garden Sports by 1.2% during the third quarter. State Street Corp now owns 549,108 shares of the company’s stock worth $114,357,000 after buying an additional 6,640 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Madison Square Garden Sports during the third quarter worth about $861,000. Sanctuary Advisors LLC acquired a new stake in Madison Square Garden Sports during the third quarter worth about $264,000. Finally, SG Americas Securities LLC acquired a new stake in Madison Square Garden Sports during the fourth quarter worth about $685,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Madison Square Garden Sports Trading Up 1.2 %

MSGS opened at $203.75 on Friday. The company’s 50 day moving average is $214.55 and its 200-day moving average is $216.16. 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 $4.89 billion, a P/E ratio of 85.97 and a beta of 0.91.

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 analyst estimates of $352.68 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts forecast that Madison Square Garden Sports Corp. will post 0.73 EPS for the current year.

Analyst Ratings Changes

Separately, Macquarie raised 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 research note on Tuesday, February 25th.

Madison Square Garden Sports Company 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.