Empirical Asset Management LLC Acquires Shares of 115,740 Madison Square Garden Sports Corp. (NYSE:MSGS)

Empirical Asset Management LLC bought a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 115,740 shares of the company's stock, valued at approximately $26,120,000. Empirical Asset Management LLC owned approximately 0.48% of Madison Square Garden Sports as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its stake 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 valued at $46,000 after acquiring an additional 53 shares during the last quarter. Creative Planning increased its position in shares of Madison Square Garden Sports by 2.5% during the 3rd quarter. Creative Planning now owns 2,542 shares of the company's stock valued at $529,000 after purchasing an additional 61 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Madison Square Garden Sports by 35.3% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company's stock valued at $53,000 after buying an additional 61 shares in the last quarter. Insight Inv LLC lifted its position in Madison Square Garden Sports by 1.5% in the 3rd quarter. Insight Inv LLC now owns 6,665 shares of the company's stock worth $1,388,000 after buying an additional 100 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in Madison Square Garden Sports by 2.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 5,100 shares of the company's stock worth $1,151,000 after buying an additional 100 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors.

Madison Square Garden Sports Trading Up 1.1 %

Shares of NYSE:MSGS traded up $2.27 on Friday, reaching $217.47. 22,740 shares of the company traded hands, compared to its average volume of 80,272. The stock has a market capitalization of $5.21 billion, a P/E ratio of 74.68 and a beta of 0.91. The business's 50-day simple moving average is $224.70 and its 200 day simple moving average is $212.61. Madison Square Garden Sports Corp. has a 52 week low of $178.35 and a 52 week high of $237.99.

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, beating 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 firm 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 firm posted ($0.79) earnings per share. The business's quarterly revenue was up 23.8% compared to the same quarter last year. Sell-side analysts expect that Madison Square Garden Sports Corp. will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Macquarie boosted their price objective on shares of 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 Company 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.