BNP Paribas Financial Markets Raises Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

BNP Paribas Financial Markets increased its position in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 69.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,961 shares of the company's stock after purchasing an additional 13,972 shares during the period. BNP Paribas Financial Markets owned approximately 0.14% of Madison Square Garden Sports worth $7,073,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of Madison Square Garden Sports by 80.6% during the first quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company's stock valued at $42,000 after buying an additional 100 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Madison Square Garden Sports by 31.2% in the third quarter. Venturi Wealth Management LLC now owns 223 shares of the company's stock worth $46,000 after purchasing an additional 53 shares during the last quarter. GAMMA Investing LLC grew its position in Madison Square Garden Sports by 179.8% in the 2nd quarter. GAMMA Investing LLC now owns 263 shares of the company's stock worth $49,000 after purchasing an additional 169 shares during the period. Blue Trust Inc. lifted its holdings 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 buying an additional 320 shares during the period. Finally, Dnca Finance purchased a new position in shares of Madison Square Garden Sports in the 2nd quarter worth $113,000. 68.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Macquarie raised their target price on Madison Square Garden Sports from $235.00 to $240.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th.

Madison Square Garden Sports Trading Down 0.0 %

NYSE MSGS traded down $0.01 on Tuesday, reaching $229.07. 44,391 shares of the stock were exchanged, compared to its average volume of 113,544. The company's 50-day simple moving average is $219.42 and its two-hundred day simple moving average is $203.86. The firm has a market capitalization of $5.49 billion, a PE ratio of 78.86 and a beta of 0.92. Madison Square Garden Sports Corp. has a one year low of $168.32 and a one year high of $232.58.

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

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.