4,133 Shares in Madison Square Garden Sports Corp. (NYSE:MSGS) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,133 shares of the company’s stock, valued at approximately $861,000.

A number of other institutional investors also recently added to or reduced their stakes in MSGS. Garner Asset Management Corp acquired a new stake in shares of Madison Square Garden Sports in the 3rd quarter valued at $639,000. Algert Global LLC lifted its holdings in Madison Square Garden Sports by 535.4% during the 3rd quarter. Algert Global LLC now owns 31,459 shares of the company’s stock valued at $6,552,000 after purchasing an additional 26,508 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Madison Square Garden Sports by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 111,855 shares of the company’s stock worth $23,295,000 after buying an additional 3,784 shares during the last quarter. EagleClaw Capital Managment LLC increased its holdings in shares of Madison Square Garden Sports by 2.0% during the third quarter. EagleClaw Capital Managment LLC now owns 13,695 shares of the company’s stock worth $2,852,000 after buying an additional 275 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of Madison Square Garden Sports in the third quarter valued at approximately $1,964,000. 68.94% of the stock is owned by institutional investors and hedge funds.

Madison Square Garden Sports Stock Down 0.5 %

Madison Square Garden Sports stock opened at $229.28 on Thursday. Madison Square Garden Sports Corp. has a 12-month low of $166.26 and a 12-month high of $232.58. The stock has a 50-day simple moving average of $218.57 and a 200 day simple moving average of $203.13. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 78.79 and a beta of 0.92.

Madison Square Garden Sports (NYSE:MSGS) last announced 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. The company had revenue of $53.31 million for the quarter, compared to analyst estimates of $43.71 million. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. Madison Square Garden Sports’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.79) earnings per share. As a group, sell-side analysts anticipate that Madison Square Garden Sports Corp. will post 0.81 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Macquarie increased their price target on Madison Square Garden Sports from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th.

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.