Tabor Asset Management LP Acquires Shares of 26,689 Madison Square Garden Sports Corp. (NYSE:MSGS)

Tabor Asset Management LP acquired a new stake in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,689 shares of the company's stock, valued at approximately $5,558,000. Madison Square Garden Sports accounts for about 2.7% of Tabor Asset Management LP's investment portfolio, making the stock its 16th biggest holding. Tabor Asset Management LP owned 0.11% of Madison Square Garden Sports at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MSGS. Venturi Wealth Management LLC boosted its stake in shares of Madison Square Garden Sports by 31.2% in the third 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. GAMMA Investing LLC lifted its stake in Madison Square Garden Sports by 179.8% in the second quarter. GAMMA Investing LLC now owns 263 shares of the company's stock worth $49,000 after acquiring an additional 169 shares during the last quarter. Blue Trust Inc. lifted its stake in Madison Square Garden Sports by 326.5% in the third quarter. Blue Trust Inc. now owns 418 shares of the company's stock worth $87,000 after acquiring an additional 320 shares during the last quarter. Dnca Finance purchased a new position in Madison Square Garden Sports in the second quarter worth approximately $113,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Madison Square Garden Sports in the third quarter worth approximately $119,000. Hedge funds and other institutional investors own 68.94% of the company's stock.

Madison Square Garden Sports Price Performance

Shares of NYSE:MSGS traded up $0.83 during trading on Friday, hitting $230.26. 30,279 shares of the company were exchanged, compared to its average volume of 112,836. The stock has a market capitalization of $5.52 billion, a P/E ratio of 78.79 and a beta of 0.91. Madison Square Garden Sports Corp. has a 12-month low of $168.32 and a 12-month high of $232.58. The firm's 50 day moving average price is $221.28 and its 200-day moving average price is $204.78.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported ($0.31) EPS for the quarter, beating analysts' consensus estimates of ($0.86) by $0.55. The business had revenue of $53.31 million for the quarter, compared to analysts' expectations of $43.71 million. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The company's quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.79) EPS. As a group, equities research analysts anticipate that Madison Square Garden Sports Corp. will post 0.81 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Macquarie lifted their price target on shares of 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.

About Madison Square Garden Sports

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.