Quantbot Technologies LP Sells 3,385 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Quantbot Technologies LP cut its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 85.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 574 shares of the company's stock after selling 3,385 shares during the quarter. Quantbot Technologies LP's holdings in Madison Square Garden Sports were worth $120,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MSGS. Venturi Wealth Management LLC lifted its holdings 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 last quarter. GAMMA Investing LLC lifted its stake in shares of Madison Square Garden Sports by 179.8% in the second quarter. GAMMA Investing LLC now owns 263 shares of the company's stock worth $49,000 after buying an additional 169 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Madison Square Garden Sports by 326.5% during the 3rd quarter. Blue Trust Inc. now owns 418 shares of the company's stock worth $87,000 after buying an additional 320 shares during the period. Dnca Finance acquired a new position in Madison Square Garden Sports in the 2nd quarter valued at $113,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Madison Square Garden Sports in the 3rd quarter worth $119,000. 68.94% of the stock is owned by institutional investors.

Madison Square Garden Sports Stock Up 0.3 %

NYSE MSGS traded up $0.80 during trading on Friday, hitting $230.23. The company's stock had a trading volume of 59,042 shares, compared to its average volume of 85,266. Madison Square Garden Sports Corp. has a 52 week low of $168.32 and a 52 week high of $232.58. The firm has a market cap of $5.51 billion, a P/E ratio of 79.12 and a beta of 0.91. The firm has a 50 day moving average price of $221.71 and a 200 day moving average price of $205.08.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported ($0.31) earnings per share (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 business had revenue of $53.31 million for the quarter, compared to analyst estimates of $43.71 million. During the same quarter in the previous year, the firm posted ($0.79) earnings per share. Madison Square Garden Sports's revenue was up 23.8% compared to the same quarter last year. On average, equities analysts expect that Madison Square Garden Sports Corp. will post 0.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised their price target on 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 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.