XTX Topco Ltd Sells 2,148 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

XTX Topco Ltd lessened its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 45.7% during the third quarter, HoldingsChannel reports. The firm owned 2,550 shares of the company’s stock after selling 2,148 shares during the quarter. XTX Topco Ltd’s holdings in Madison Square Garden Sports were worth $531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ariel Investments LLC lifted its position in shares of Madison Square Garden Sports by 3.5% during the 2nd quarter. Ariel Investments LLC now owns 970,156 shares of the company’s stock worth $182,515,000 after buying an additional 33,031 shares during the last quarter. State Street Corp raised its stake in Madison Square Garden Sports by 1.2% during the third quarter. State Street Corp now owns 549,108 shares of the company’s stock worth $114,357,000 after acquiring an additional 6,640 shares in the last quarter. Gabelli Funds LLC raised its stake in Madison Square Garden Sports by 0.4% during the second quarter. Gabelli Funds LLC now owns 415,288 shares of the company’s stock worth $78,128,000 after acquiring an additional 1,488 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Madison Square Garden Sports by 1,231.8% in the second quarter. Point72 Asset Management L.P. now owns 246,374 shares of the company’s stock worth $46,350,000 after acquiring an additional 227,874 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Madison Square Garden Sports by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 229,609 shares of the company’s stock valued at $43,196,000 after purchasing an additional 1,534 shares in the last quarter. Institutional investors own 68.94% of the company’s stock.

Analyst Ratings Changes

Separately, Macquarie increased 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 note on Tuesday, November 5th.

Madison Square Garden Sports Trading Up 0.2 %

Shares of MSGS stock opened at $235.10 on Friday. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 80.79 and a beta of 0.91. The business’s 50-day moving average price is $223.67 and its 200-day moving average price is $206.72. Madison Square Garden Sports Corp. has a 12 month low of $171.61 and a 12 month high of $235.19.

Madison Square Garden Sports (NYSE:MSGS) last posted its earnings results on Friday, November 1st. The company reported ($0.31) earnings per share for the quarter, topping 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 firm had revenue of $53.31 million for the quarter, compared to analyst estimates of $43.71 million. During the same period in the previous year, the firm posted ($0.79) EPS. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. On average, sell-side analysts predict that Madison Square Garden Sports Corp. will post 0.81 earnings per share for the current fiscal year.

About Madison Square Garden Sports

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.