Proficio Capital Partners LLC Buys New Shares in Madison Square Garden Sports Corp. (NYSE:MSGS)

Proficio Capital Partners LLC bought a new position in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,121 shares of the company's stock, valued at approximately $3,413,000. Proficio Capital Partners LLC owned 0.06% of Madison Square Garden Sports at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC grew its position in Madison Square Garden Sports by 31.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 223 shares of the company's stock worth $46,000 after purchasing an additional 53 shares during the period. Allworth Financial LP grew its position in Madison Square Garden Sports by 81.4% in the 4th quarter. Allworth Financial LP now owns 127 shares of the company's stock worth $28,000 after purchasing an additional 57 shares during the period. Creative Planning grew its position in Madison Square Garden Sports by 2.5% in the 3rd quarter. Creative Planning now owns 2,542 shares of the company's stock worth $529,000 after purchasing an additional 61 shares during the period. Versant Capital Management Inc boosted its stake in shares of Madison Square Garden Sports by 35.3% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company's stock worth $53,000 after acquiring an additional 61 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Madison Square Garden Sports by 119.0% during the 4th quarter. Fifth Third Bancorp now owns 138 shares of the company's stock worth $31,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 68.94% of the company's stock.

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Madison Square Garden Sports Stock Performance

Shares of Madison Square Garden Sports stock traded down $1.46 on Friday, hitting $196.91. 130,910 shares of the company's stock were exchanged, compared to its average volume of 104,487. The company has a 50-day simple moving average of $212.84 and a 200-day simple moving average of $216.06. The stock has a market capitalization of $4.73 billion, a PE ratio of 83.08 and a beta of 0.91. Madison Square Garden Sports Corp. has a 1 year low of $178.35 and a 1 year 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). Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The business had revenue of $357.80 million for the quarter, compared to analysts' expectations of $352.68 million. During the same quarter in the prior year, the business earned $0.59 EPS. The company's revenue was up 9.5% compared to the same quarter last year. On average, analysts expect that Madison Square Garden Sports Corp. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Macquarie lifted 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 note on Tuesday, February 25th.

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.