AlphaQuest LLC trimmed its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 69.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,926 shares of the company's stock after selling 6,503 shares during the period. AlphaQuest LLC's holdings in Madison Square Garden Sports were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in Madison Square Garden Sports in the 4th quarter worth about $1,032,000. Raymond James Financial Inc. acquired a new position in Madison Square Garden Sports in the 4th quarter worth about $4,425,000. Proficio Capital Partners LLC acquired a new position in Madison Square Garden Sports in the 4th quarter worth about $3,413,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Madison Square Garden Sports by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 115,530 shares of the company's stock worth $26,073,000 after acquiring an additional 3,675 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Madison Square Garden Sports by 423.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 272 shares of the company's stock worth $62,000 after acquiring an additional 220 shares in the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.
Madison Square Garden Sports Trading Down 1.2 %
Shares of MSGS stock opened at $187.50 on Wednesday. The stock has a 50 day moving average of $210.82 and a two-hundred day moving average of $215.82. Madison Square Garden Sports Corp. has a 12 month low of $178.35 and a 12 month high of $237.99. The company has a market capitalization of $4.50 billion, a P/E ratio of 79.11 and a beta of 0.91.
Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The firm had revenue of $357.80 million during the quarter, compared to the consensus estimate of $352.68 million. During the same quarter in the prior year, the business posted $0.59 EPS. Madison Square Garden Sports's revenue was up 9.5% compared to the same quarter last year. Sell-side analysts predict that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, Macquarie increased their target price on 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.
Read Our Latest Stock Analysis on MSGS
Madison Square Garden Sports Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding MSGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report).
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