SG Americas Securities LLC Invests $685,000 in Madison Square Garden Sports Corp. (NYSE:MSGS)

SG Americas Securities LLC acquired a new position in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,035 shares of the company's stock, valued at approximately $685,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its holdings in Madison Square Garden Sports by 31.2% in the third quarter. Venturi Wealth Management LLC now owns 223 shares of the company's stock valued at $46,000 after purchasing an additional 53 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Madison Square Garden Sports by 35.3% in the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company's stock valued at $53,000 after acquiring an additional 61 shares during the last quarter. Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 320 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Madison Square Garden Sports in the 3rd quarter valued at approximately $119,000. Finally, Quent Capital LLC boosted its stake in Madison Square Garden Sports by 271.3% during the 3rd quarter. Quent Capital LLC now owns 609 shares of the company's stock worth $127,000 after acquiring an additional 445 shares during the last quarter. 68.94% of the stock is owned by institutional investors.

Madison Square Garden Sports Stock Performance

MSGS stock traded down $0.90 during midday trading on Friday, hitting $219.70. 89,345 shares of the company's stock were exchanged, compared to its average volume of 69,692. Madison Square Garden Sports Corp. has a one year low of $178.35 and a one year high of $237.99. The company has a market cap of $5.26 billion, a PE ratio of 75.50 and a beta of 0.91. The stock's fifty day moving average price is $223.60 and its 200-day moving average price is $214.60.

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

Analyst Upgrades and Downgrades

Separately, Macquarie upped their target price on shares of 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 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.