OFI Invest Asset Management Acquires Shares of 4,733 Madison Square Garden Sports Corp. (NYSE:MSGS)

OFI Invest Asset Management bought a new stake in Madison Square Garden Sports Corp. (NYSE:MSGS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,733 shares of the company’s stock, valued at approximately $1,032,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSGS. US Bancorp DE grew its holdings in shares of Madison Square Garden Sports by 8.4% in the third quarter. US Bancorp DE now owns 2,530 shares of the company’s stock valued at $527,000 after purchasing an additional 196 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Madison Square Garden Sports by 35.2% in the third quarter. Crossmark Global Holdings Inc. now owns 1,510 shares of the company’s stock valued at $314,000 after purchasing an additional 393 shares in the last quarter. Venturi Wealth Management LLC lifted its position 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 worth $46,000 after buying an additional 53 shares during the last quarter. Aigen Investment Management LP bought a new stake in Madison Square Garden Sports in the third quarter worth $457,000. Finally, ING Groep NV bought a new stake in Madison Square Garden Sports in the third quarter worth $1,187,000. 68.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Macquarie raised their price target on Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th.

Madison Square Garden Sports Stock Down 0.7 %

Shares of MSGS opened at $196.91 on Monday. The company has a market cap of $4.73 billion, a PE ratio of 83.08 and a beta of 0.91. The business has a fifty day moving average of $212.36 and a 200 day moving average of $216.10. Madison Square Garden Sports Corp. has a 52-week low of $178.35 and a 52-week high of $237.99.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $357.80 million during the quarter, compared to the consensus estimate of $352.68 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, research analysts anticipate that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Madison Square Garden Sports 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.