Y Intercept Hong Kong Ltd Decreases Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Y Intercept Hong Kong Ltd decreased its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,336 shares of the company’s stock after selling 346 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Madison Square Garden Sports were worth $527,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. First Bank & Trust purchased a new position in shares of Madison Square Garden Sports in the fourth quarter valued at about $205,000. Handelsbanken Fonder AB increased its position in shares of Madison Square Garden Sports by 11.5% in the fourth quarter. Handelsbanken Fonder AB now owns 3,872 shares of the company’s stock valued at $874,000 after acquiring an additional 400 shares during the period. Principal Financial Group Inc. increased its position in shares of Madison Square Garden Sports by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 81,252 shares of the company’s stock valued at $18,337,000 after acquiring an additional 2,443 shares during the period. Allworth Financial LP increased its position in shares of 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 buying an additional 57 shares during the period. Finally, Empowered Funds LLC purchased a new position in shares of Madison Square Garden Sports during the fourth quarter valued at about $419,000. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Analyst Upgrades and Downgrades

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 research report on Tuesday, February 25th.

Madison Square Garden Sports Price Performance

Shares of NYSE MSGS opened at $203.75 on Friday. Madison Square Garden Sports Corp. has a 1 year low of $178.35 and a 1 year high of $237.99. The company’s 50-day moving average is $214.55 and its 200 day moving average is $216.16. The stock has a market capitalization of $4.89 billion, a P/E ratio of 85.97 and a beta of 0.91.

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 company had revenue of $357.80 million for the quarter, compared to analysts’ expectations of $352.68 million. During the same quarter in the prior year, the firm earned $0.59 EPS. Madison Square Garden Sports’s quarterly revenue was up 9.5% compared to the same quarter last year. Research analysts anticipate that Madison Square Garden Sports Corp. will post 0.73 earnings per share 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.