Jacobs Levy Equity Management Inc. Has $5.64 Million Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Jacobs Levy Equity Management Inc. increased its stake in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 526.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,101 shares of the company's stock after purchasing an additional 22,772 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.11% of Madison Square Garden Sports worth $5,644,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings 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 worth $46,000 after buying an additional 53 shares in the last quarter. Creative Planning raised its stake in Madison Square Garden Sports by 2.5% during the third quarter. Creative Planning now owns 2,542 shares of the company's stock worth $529,000 after acquiring an additional 61 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Madison Square Garden Sports by 1.9% in the second quarter. Arizona State Retirement System now owns 4,349 shares of the company's stock worth $818,000 after acquiring an additional 83 shares during the last quarter. Pullen Investment Management LLC boosted its stake in shares of Madison Square Garden Sports by 2.3% in the 2nd quarter. Pullen Investment Management LLC now owns 4,419 shares of the company's stock valued at $831,000 after purchasing an additional 98 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Madison Square Garden Sports by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the company's stock valued at $1,580,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 68.94% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Macquarie increased their price objective on shares of 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.

Madison Square Garden Sports Price Performance

Shares of NYSE MSGS traded up $0.80 during mid-day trading on Friday, hitting $230.23. 59,042 shares of the stock traded hands, compared to its average volume of 85,266. The company has a market cap of $5.51 billion, a PE ratio of 79.12 and a beta of 0.91. The firm has a 50 day simple moving average of $221.71 and a two-hundred day simple moving average of $205.08. Madison Square Garden Sports Corp. has a twelve month low of $168.32 and a twelve month high of $232.58.

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