Levin Capital Strategies L.P. Grows Stake in Madison Square Garden Sports Corp. (NYSE:MSGS)

Levin Capital Strategies L.P. boosted its stake in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 118.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,039 shares of the company's stock after purchasing an additional 1,648 shares during the quarter. Levin Capital Strategies L.P.'s holdings in Madison Square Garden Sports were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in MSGS. Venturi Wealth Management LLC grew its holdings in shares of Madison Square Garden Sports by 31.2% during 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 in the last quarter. Allworth Financial LP increased its stake in shares of Madison Square Garden Sports by 81.4% during the fourth quarter. Allworth Financial LP now owns 127 shares of the company's stock valued at $28,000 after buying an additional 57 shares during the period. Creative Planning increased its stake in shares of Madison Square Garden Sports by 2.5% during the third quarter. Creative Planning now owns 2,542 shares of the company's stock valued at $529,000 after buying an additional 61 shares during the period. Versant Capital Management Inc increased its stake in shares of Madison Square Garden Sports by 35.3% during 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, Fifth Third Bancorp increased its stake in shares of Madison Square Garden Sports by 119.0% during the fourth quarter. Fifth Third Bancorp now owns 138 shares of the company's stock valued at $31,000 after buying an additional 75 shares during the period. Institutional investors own 68.94% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Macquarie boosted 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.

Madison Square Garden Sports Price Performance

MSGS stock traded up $1.73 during midday trading on Wednesday, hitting $200.46. The stock had a trading volume of 112,800 shares, compared to its average volume of 103,940. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 84.58 and a beta of 0.91. The business has a 50-day moving average of $213.31 and a two-hundred day moving average of $216.18. 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 issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $357.80 million during the quarter, compared to analysts' expectations of $352.68 million. Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. Madison Square Garden Sports's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. Research analysts predict that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current 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.