Empowered Funds LLC Makes New $419,000 Investment in Madison Square Garden Sports Corp. (NYSE:MSGS)

Empowered Funds LLC acquired a new position in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,855 shares of the company's stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MSGS. Fifth Third Bancorp boosted its position in Madison Square Garden Sports by 119.0% in the fourth quarter. Fifth Third Bancorp now owns 138 shares of the company's stock worth $31,000 after purchasing an additional 75 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Madison Square Garden Sports in the fourth quarter valued at $43,000. Venturi Wealth Management LLC raised 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 buying an additional 53 shares during the period. Versant Capital Management Inc raised its stake in shares of Madison Square Garden Sports by 35.3% in the fourth quarter. Versant Capital Management Inc now owns 234 shares of the company's stock valued at $53,000 after buying an additional 61 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Madison Square Garden Sports by 326.5% in the third 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. Hedge funds and other institutional investors own 68.94% of the company's stock.

Madison Square Garden Sports Price Performance

Shares of MSGS traded down $2.85 during mid-day trading on Friday, hitting $202.61. The stock had a trading volume of 26,028 shares, compared to its average volume of 97,167. The firm has a market cap of $4.86 billion, a P/E ratio of 85.52 and a beta of 0.91. The business has a fifty day moving average price of $217.81 and a 200-day moving average price of $215.58. 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 Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The company had revenue of $357.80 million for the quarter, compared to the consensus estimate of $352.68 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, research analysts expect that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Macquarie boosted their target price on Madison Square Garden Sports from $235.00 to $240.00 and gave the company 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.