Principal Financial Group Inc. Has $18.34 Million Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Principal Financial Group Inc. grew its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,252 shares of the company's stock after acquiring an additional 2,443 shares during the quarter. Principal Financial Group Inc. owned 0.34% of Madison Square Garden Sports worth $18,337,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. increased its position in shares of 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 valued at $14,293,000 after purchasing an additional 29,445 shares during the period. State Street Corp boosted 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. Dynamic Technology Lab Private Ltd bought a new stake in Madison Square Garden Sports in the 3rd quarter valued at $861,000. Sanctuary Advisors LLC acquired a new position in shares of Madison Square Garden Sports in the 3rd quarter valued at $264,000. Finally, SG Americas Securities LLC bought a new position in shares of Madison Square Garden Sports during the 4th quarter worth about $685,000. Institutional investors and hedge funds own 68.94% of the company's stock.

Madison Square Garden Sports Stock Performance

Madison Square Garden Sports stock traded up $2.43 during trading hours on Friday, hitting $203.75. 134,783 shares of the stock were exchanged, compared to its average volume of 100,865. The stock has a market capitalization of $4.89 billion, a P/E ratio of 85.97 and a beta of 0.91. The business's 50-day moving average is $214.98 and its two-hundred day moving average is $215.96. Madison Square Garden Sports Corp. has a 12 month low of $178.35 and a 12 month high of $237.99.

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Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). The business had revenue of $357.80 million for the quarter, compared to analyst estimates of $352.68 million. Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 earnings per share. On average, equities analysts predict that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Macquarie increased their price target on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an "outperform" rating in a research report on Tuesday.

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.