Point72 Hong Kong Ltd Sells 463 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Point72 Hong Kong Ltd lessened its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,149 shares of the company’s stock after selling 463 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Madison Square Garden Sports were worth $864,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MSGS. EverSource Wealth Advisors LLC lifted its position in Madison Square Garden Sports by 80.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock worth $42,000 after buying an additional 100 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of 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 acquiring an additional 53 shares during the last quarter. GAMMA Investing LLC raised its holdings in Madison Square Garden Sports by 179.8% during the second quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock worth $49,000 after acquiring an additional 169 shares in the last quarter. Blue Trust Inc. raised its holdings in Madison Square Garden Sports by 326.5% during the third quarter. Blue Trust Inc. now owns 418 shares of the company’s stock worth $87,000 after acquiring an additional 320 shares in the last quarter. Finally, Dnca Finance acquired a new position in Madison Square Garden Sports during the second quarter valued at approximately $113,000. Institutional investors and hedge funds own 68.94% of the company’s stock.

Madison Square Garden Sports Trading Up 0.4 %

NYSE MSGS opened at $229.95 on Monday. The firm’s fifty day moving average price is $219.42 and its two-hundred day moving average price is $203.86. Madison Square Garden Sports Corp. has a 1 year low of $167.08 and a 1 year high of $232.58. The firm has a market capitalization of $5.51 billion, a P/E ratio of 79.02 and a beta of 0.92.

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, beating analysts’ consensus estimates of ($0.86) by $0.55. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The company had revenue of $53.31 million for the quarter, compared to analysts’ expectations of $43.71 million. During the same period in the prior year, the firm earned ($0.79) EPS. Madison Square Garden Sports’s quarterly revenue was up 23.8% compared to the same quarter last year. On average, research analysts anticipate that Madison Square Garden Sports Corp. will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Macquarie upped their price objective on Madison Square Garden Sports from $235.00 to $240.00 and gave the stock 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.