Systematic Financial Management LP Increases Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Systematic Financial Management LP boosted its position in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 13.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,327 shares of the company's stock after purchasing an additional 14,591 shares during the quarter. Systematic Financial Management LP owned approximately 0.52% of Madison Square Garden Sports worth $25,893,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ariel Investments LLC increased its holdings in shares of Madison Square Garden Sports by 3.5% during the second quarter. Ariel Investments LLC now owns 970,156 shares of the company's stock valued at $182,515,000 after acquiring an additional 33,031 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Madison Square Garden Sports by 0.4% during the second quarter. Gabelli Funds LLC now owns 415,288 shares of the company's stock valued at $78,128,000 after acquiring an additional 1,488 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Madison Square Garden Sports by 1,231.8% during the second 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 shares of Madison Square Garden Sports by 0.7% during the second 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 shares of Madison Square Garden Sports by 10.2% during the second 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 own 68.94% of the company's stock.

Wall Street Analyst Weigh In

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 Price Performance

Shares of Madison Square Garden Sports stock traded down $2.33 during trading on Thursday, hitting $229.43. 42,641 shares of the company's stock traded hands, compared to its average volume of 113,108. Madison Square Garden Sports Corp. has a 1 year low of $168.32 and a 1 year high of $232.58. The stock has a market capitalization of $5.49 billion, a P/E ratio of 79.64 and a beta of 0.91. The business has a 50-day simple moving average of $220.86 and a 200-day simple moving average of $204.61.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.86) by $0.55. The company had revenue of $53.31 million for the quarter, compared to analysts' expectations 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 revenue was up 23.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.79) earnings per share. On average, equities analysts predict that Madison Square Garden Sports Corp. will post 0.81 earnings per share 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.