Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. lowered its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 2.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 241,393 shares of the company's stock after selling 4,981 shares during the period. Point72 Asset Management L.P. owned approximately 1.01% of Madison Square Garden Sports worth $50,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSGS. EverSource Wealth Advisors LLC lifted its position in shares of Madison Square Garden Sports by 80.6% during the first quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company's stock worth $42,000 after purchasing an additional 100 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in 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. GAMMA Investing LLC lifted its holdings in Madison Square Garden Sports by 179.8% during the 2nd quarter. GAMMA Investing LLC now owns 263 shares of the company's stock worth $49,000 after buying an additional 169 shares in the last quarter. Blue Trust Inc. boosted its position in Madison Square Garden Sports by 326.5% in the 3rd 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. Finally, Dnca Finance acquired a new position in shares of Madison Square Garden Sports in the second quarter worth $113,000. Hedge funds and other institutional investors own 68.94% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Macquarie increased their price objective 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.

Madison Square Garden Sports Price Performance

Shares of Madison Square Garden Sports stock traded down $2.49 on Thursday, reaching $229.27. 42,641 shares of the company were exchanged, compared to its average volume of 113,193. The stock's 50 day moving average price is $221.28 and its 200-day moving average price is $204.78. Madison Square Garden Sports Corp. has a 1-year low of $168.32 and a 1-year high of $232.58. The company has a market cap of $5.49 billion, a P/E ratio of 78.79 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. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. The company had revenue of $53.31 million for the quarter, compared to analysts' expectations of $43.71 million. During the same period last year, the firm earned ($0.79) earnings per share. Madison Square Garden Sports's quarterly revenue was up 23.8% on a year-over-year basis. On average, research analysts predict that Madison Square Garden Sports Corp. will post 0.81 earnings per share for the current fiscal year.

Madison Square Garden Sports Company 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.