Charles Schwab Investment Management Inc. Has $23.30 Million Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Charles Schwab Investment Management Inc. raised its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,855 shares of the company's stock after buying an additional 3,784 shares during the period. Charles Schwab Investment Management Inc. owned 0.47% of Madison Square Garden Sports worth $23,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Madison Square Garden Sports in the 2nd quarter valued at approximately $1,427,000. OFI Invest Asset Management acquired a new stake in shares of Madison Square Garden Sports in the second quarter worth $831,000. Harbor Capital Advisors Inc. increased its position in Madison Square Garden Sports by 75.1% during the third quarter. Harbor Capital Advisors Inc. now owns 68,632 shares of the company's stock worth $14,293,000 after acquiring an additional 29,445 shares during the period. Point72 DIFC Ltd bought a new position in Madison Square Garden Sports during the second quarter worth $543,000. Finally, Quest Partners LLC acquired a new position in Madison Square Garden Sports during the 3rd quarter valued at $1,964,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 Stock Performance

Shares of MSGS stock traded up $0.80 during mid-day trading on Friday, reaching $230.23. The company's stock had a trading volume of 59,042 shares, compared to its average volume of 112,901. The firm's 50-day moving average is $221.28 and its two-hundred day moving average is $204.78. The company has a market cap of $5.51 billion, a P/E ratio of 79.18 and a beta of 0.91. Madison Square Garden Sports Corp. has a 1-year low of $168.32 and a 1-year high of $232.58.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The company reported ($0.31) EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $53.31 million during the quarter, compared to analysts' expectations of $43.71 million. During the same quarter last year, the company earned ($0.79) earnings per share. The company's revenue for the quarter was up 23.8% compared to the same quarter last year. Sell-side analysts anticipate that Madison Square Garden Sports Corp. will post 0.81 EPS 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.