National Bank of Canada FI Acquires 9,457 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

National Bank of Canada FI boosted its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 1,953.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,941 shares of the company's stock after purchasing an additional 9,457 shares during the quarter. National Bank of Canada FI's holdings in Madison Square Garden Sports were worth $2,070,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MSGS. Ariel Investments LLC grew its holdings in shares of Madison Square Garden Sports by 3.5% during the 2nd quarter. Ariel Investments LLC now owns 970,156 shares of the company's stock worth $182,515,000 after purchasing an additional 33,031 shares in the last quarter. State Street Corp grew its stake in Madison Square Garden Sports by 1.2% during the third quarter. State Street Corp now owns 549,108 shares of the company's stock worth $114,357,000 after buying an additional 6,640 shares in the last quarter. Gabelli Funds LLC increased its holdings in Madison Square Garden Sports by 0.4% in the 2nd quarter. Gabelli Funds LLC now owns 415,288 shares of the company's stock valued at $78,128,000 after buying an additional 1,488 shares during the period. Point72 Asset Management L.P. raised its position in shares of Madison Square Garden Sports by 1,231.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 246,374 shares of the company's stock valued at $46,350,000 after buying an additional 227,874 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Madison Square Garden Sports by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 229,609 shares of the company's stock worth $43,196,000 after acquiring an additional 1,534 shares during the period. Institutional investors own 68.94% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Macquarie boosted 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 report on Tuesday, November 5th.

Madison Square Garden Sports Price Performance

Shares of MSGS stock traded up $0.53 on Friday, hitting $235.17. 63,196 shares of the company's stock were exchanged, compared to its average volume of 112,051. Madison Square Garden Sports Corp. has a 12 month low of $171.61 and a 12 month high of $235.19. The company has a 50 day moving average of $223.67 and a 200 day moving average of $206.72. The stock has a market cap of $5.63 billion, a P/E ratio of 80.79 and a beta of 0.91.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $53.31 million for the quarter, compared to the consensus estimate of $43.71 million. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The firm's quarterly revenue was up 23.8% compared to the same quarter last year. During the same period last year, the company posted ($0.79) EPS. Sell-side analysts predict that Madison Square Garden Sports Corp. will post 0.81 EPS for the current fiscal year.

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.