Quantinno Capital Management LP Has $2.06 Million Stake in Madison Square Garden Sports Corp. (NYSE:MSGS)

Quantinno Capital Management LP raised its position in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 647.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,887 shares of the company's stock after acquiring an additional 8,564 shares during the period. Quantinno Capital Management LP's holdings in Madison Square Garden Sports were worth $2,059,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Ariel Investments LLC increased its holdings in Madison Square Garden Sports by 3.5% during the 2nd quarter. Ariel Investments LLC now owns 970,156 shares of the company's stock valued at $182,515,000 after purchasing an additional 33,031 shares in the last quarter. Gabelli Funds LLC increased its holdings in Madison Square Garden Sports by 0.4% during the 2nd quarter. Gabelli Funds LLC now owns 415,288 shares of the company's stock valued at $78,128,000 after purchasing an additional 1,488 shares in the last quarter. Point72 Asset Management L.P. boosted its position in 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 during the last quarter. The Manufacturers Life Insurance Company boosted its position in Madison Square Garden Sports by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 229,609 shares of the company's stock valued at $43,196,000 after buying an additional 1,534 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Madison Square Garden Sports by 10.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 211,100 shares of the company's stock valued at $39,716,000 after buying an additional 19,585 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company's stock.

Analyst Ratings Changes

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 report on Tuesday, November 5th.

Madison Square Garden Sports Stock Performance

MSGS traded up $2.75 during mid-day trading on Wednesday, reaching $231.02. The stock had a trading volume of 40,321 shares, compared to its average volume of 112,145. The stock has a market capitalization of $5.53 billion, a P/E ratio of 78.44 and a beta of 0.91. The firm's fifty day simple moving average is $222.49 and its two-hundred day simple moving average is $205.98. Madison Square Garden Sports Corp. has a 52 week low of $169.98 and a 52 week high of $232.58.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.86) by $0.55. The business had revenue of $53.31 million for the quarter, compared to the consensus estimate of $43.71 million. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. The firm's revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.79) EPS. As a group, analysts expect that Madison Square Garden Sports Corp. will post 0.81 EPS 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.