Diversify Advisory Services LLC Buys Shares of 1,218 Madison Square Garden Sports Corp. (NYSE:MSGS)

Diversify Advisory Services LLC purchased a new position in Madison Square Garden Sports Corp. (NYSE:MSGSFree Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,218 shares of the company’s stock, valued at approximately $224,000.

A number of other hedge funds have also recently made changes to their positions in MSGS. Raymond James & Associates increased its stake in Madison Square Garden Sports by 0.7% during the 4th quarter. Raymond James & Associates now owns 9,131 shares of the company’s stock valued at $1,660,000 after purchasing an additional 61 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Madison Square Garden Sports by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 8,245 shares of the company’s stock valued at $1,499,000 after acquiring an additional 80 shares in the last quarter. Quadrant Capital Group LLC raised 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 worth $82,000 after acquiring an additional 130 shares during the last quarter. Yousif Capital Management LLC boosted its stake in Madison Square Garden Sports by 2.4% during the 4th quarter. Yousif Capital Management LLC now owns 8,474 shares of the company’s stock valued at $1,541,000 after purchasing an additional 201 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in Madison Square Garden Sports by 3.7% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 6,378 shares of the company’s stock valued at $1,160,000 after purchasing an additional 229 shares during the last quarter. 68.94% of the stock is owned by institutional investors.

Madison Square Garden Sports Price Performance

MSGS stock opened at $194.74 on Monday. The stock has a market capitalization of $4.66 billion, a P/E ratio of 198.71 and a beta of 0.96. Madison Square Garden Sports Corp. has a 1-year low of $164.79 and a 1-year high of $215.79. The business has a fifty day moving average price of $187.04 and a 200-day moving average price of $185.56.

Madison Square Garden Sports (NYSE:MSGSGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($1.21). Madison Square Garden Sports had a negative return on equity of 7.23% and a net margin of 2.59%. The business had revenue of $430.00 million during the quarter, compared to analysts’ expectations of $420.76 million. During the same period last year, the firm posted $2.18 EPS. Madison Square Garden Sports’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, analysts anticipate that Madison Square Garden Sports Corp. will post 1.91 earnings per share for the current year.

Madison Square Garden Sports Profile

(Free Report)

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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Institutional Ownership by Quarter for Madison Square Garden Sports (NYSE:MSGS)

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