Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp increased its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,175 shares of the company’s stock after acquiring an additional 1,978 shares during the period. Stifel Financial Corp’s holdings in Madison Square Garden Sports were worth $8,367,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MSGS. 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 purchasing an additional 53 shares during the period. Blue Trust Inc. lifted its holdings in shares of Madison Square Garden Sports by 326.5% in the third quarter. Blue Trust Inc. now owns 418 shares of the company’s stock valued at $87,000 after buying an additional 320 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Madison Square Garden Sports during the third quarter valued at about $119,000. Quent Capital LLC grew its holdings in Madison Square Garden Sports by 271.3% during the third quarter. Quent Capital LLC now owns 609 shares of the company’s stock worth $127,000 after acquiring an additional 445 shares during the period. Finally, GAMMA Investing LLC raised its position in Madison Square Garden Sports by 142.6% in the third quarter. GAMMA Investing LLC now owns 638 shares of the company’s stock worth $133,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Performance

Madison Square Garden Sports stock opened at $234.67 on Friday. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 80.64 and a beta of 0.91. Madison Square Garden Sports Corp. has a 1 year low of $169.98 and a 1 year high of $235.01. The firm’s 50 day moving average price is $223.31 and its two-hundred day moving average price is $206.37.

Madison Square Garden Sports (NYSE:MSGS) last issued 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 negative return on equity of 23.81% and a net margin of 6.75%. The business had revenue of $53.31 million for the quarter, compared to analysts’ expectations of $43.71 million. During the same period in the previous year, the firm posted ($0.79) EPS. The company’s quarterly revenue was up 23.8% on a year-over-year basis. As a group, equities analysts predict that Madison Square Garden Sports Corp. will post 0.81 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Macquarie raised their price objective on shares of 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 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.