Verition Fund Management LLC Has $1.36 Million Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Verition Fund Management LLC boosted its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 68.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,519 shares of the company’s stock after buying an additional 2,650 shares during the quarter. Verition Fund Management LLC’s holdings in Madison Square Garden Sports were worth $1,358,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC grew its stake 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 valued at $46,000 after purchasing an additional 53 shares in the last quarter. GAMMA Investing LLC grew its stake in Madison Square Garden Sports by 179.8% in the second quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $49,000 after purchasing an additional 169 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Madison Square Garden Sports by 326.5% during the 3rd quarter. Blue Trust Inc. now owns 418 shares of the company’s stock worth $87,000 after acquiring an additional 320 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Madison Square Garden Sports during the 3rd quarter worth approximately $119,000. Finally, Quent Capital LLC boosted its stake in shares of Madison Square Garden Sports by 271.3% during the 3rd 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. Institutional investors and hedge funds own 68.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Macquarie lifted their target price 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 Trading Up 0.3 %

Shares of NYSE MSGS opened at $230.23 on Friday. Madison Square Garden Sports Corp. has a 12 month low of $168.32 and a 12 month high of $232.58. The stock has a 50 day moving average of $221.71 and a 200-day moving average of $205.08. The company has a market capitalization of $5.51 billion, a P/E ratio of 79.12 and a beta of 0.91.

Madison Square Garden Sports (NYSE:MSGS) last released its quarterly earnings results on Friday, November 1st. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.86) by $0.55. The business had revenue of $53.31 million during the quarter, compared to analysts’ expectations of $43.71 million. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.79) EPS. Analysts predict that Madison Square Garden Sports Corp. will post 0.81 EPS for the current fiscal year.

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.