Dynamic Technology Lab Private Ltd Invests $861,000 in Madison Square Garden Sports Corp. (NYSE:MSGS)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,133 shares of the company's stock, valued at approximately $861,000.

Other hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC increased its position 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. EverSource Wealth Advisors LLC increased its position in shares of Madison Square Garden Sports by 80.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company's stock valued at $42,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC increased its position in shares of Madison Square Garden Sports by 179.8% during the 2nd quarter. GAMMA Investing LLC now owns 263 shares of the company's stock valued at $49,000 after purchasing an additional 169 shares during the period. Blue Trust Inc. increased its position in shares of Madison Square Garden Sports by 326.5% during the 3rd quarter. Blue Trust Inc. now owns 418 shares of the company's stock valued at $87,000 after purchasing an additional 320 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Madison Square Garden Sports during the 3rd quarter worth $119,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Macquarie raised their price objective on 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.

Madison Square Garden Sports Price Performance

Shares of MSGS traded down $1.26 during trading hours on Thursday, hitting $229.11. 43,494 shares of the company were exchanged, compared to its average volume of 114,418. The company has a market capitalization of $5.49 billion, a PE ratio of 78.73 and a beta of 0.92. The firm has a fifty day simple moving average of $218.57 and a 200-day simple moving average of $203.13. Madison Square Garden Sports Corp. has a one year low of $166.26 and a one year high of $232.58.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.86) by $0.55. The business had revenue of $53.31 million during the quarter, compared to analyst estimates of $43.71 million. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. The company's revenue was up 23.8% compared to the same quarter last year. During the same period last year, the company posted ($0.79) EPS. Sell-side analysts expect that Madison Square Garden Sports Corp. will post 0.81 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.