SageView Advisory Group LLC boosted its position in Madison Square Garden Sports Corp. (NYSE:MSGS – Free Report) by 535.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,566 shares of the company’s stock after acquiring an additional 7,218 shares during the quarter. SageView Advisory Group LLC’s holdings in Madison Square Garden Sports were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of MSGS. Quadrant Capital Group LLC boosted its holdings in Madison Square Garden Sports by 40.8% in the 4th quarter. Quadrant Capital Group LLC now owns 449 shares of the company’s stock valued at $82,000 after purchasing an additional 130 shares during the period. Cape Investment Advisory Inc. boosted its holdings in Madison Square Garden Sports by 400.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 500 shares of the company’s stock valued at $91,000 after purchasing an additional 400 shares during the period. Quent Capital LLC boosted its holdings in Madison Square Garden Sports by 312.4% in the 1st quarter. Quent Capital LLC now owns 565 shares of the company’s stock valued at $104,000 after purchasing an additional 428 shares during the period. BNP Paribas bought a new stake in Madison Square Garden Sports in the 1st quarter valued at $111,000. Finally, Cerity Partners LLC bought a new stake in Madison Square Garden Sports in the 4th quarter valued at $206,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.
Madison Square Garden Sports Stock Down 0.1 %
Madison Square Garden Sports stock traded down $0.15 during mid-day trading on Friday, reaching $196.38. The company had a trading volume of 12,162 shares, compared to its average volume of 121,136. The company has a 50 day moving average of $188.69 and a 200-day moving average of $186.48. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 200.55 and a beta of 0.96. Madison Square Garden Sports Corp. has a 52 week low of $164.79 and a 52 week high of $215.79.
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 two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.
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