Horizon Kinetics Asset Management LLC Trims Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Horizon Kinetics Asset Management LLC trimmed its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 0.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,491 shares of the company’s stock after selling 45 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Madison Square Garden Sports were worth $6,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in shares of 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 during the period. Creative Planning raised its position in Madison Square Garden Sports by 2.5% during the 3rd quarter. Creative Planning now owns 2,542 shares of the company’s stock valued at $529,000 after purchasing an additional 61 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Madison Square Garden Sports by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 4,349 shares of the company’s stock worth $818,000 after buying an additional 83 shares during the period. Pullen Investment Management LLC grew its position in shares of Madison Square Garden Sports by 2.3% during the 2nd quarter. Pullen Investment Management LLC now owns 4,419 shares of the company’s stock worth $831,000 after buying an additional 98 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Madison Square Garden Sports by 80.6% in the first quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock valued at $42,000 after acquiring an additional 100 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Madison Square Garden Sports Stock Up 0.6 %

Shares of MSGS stock opened at $229.83 on Monday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 78.98 and a beta of 0.92. Madison Square Garden Sports Corp. has a 52-week low of $166.26 and a 52-week high of $230.69. The company’s 50 day moving average is $217.19 and its 200 day moving average is $202.37.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings results on Friday, November 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.86) by $0.55. The business had revenue of $53.31 million for the quarter, compared to the consensus estimate 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 business’s revenue was up 23.8% compared to the same quarter last year. During the same period last year, the business posted ($0.79) EPS. Analysts anticipate that Madison Square Garden Sports Corp. will post 0.81 EPS for the current fiscal year.

Madison Square Garden Sports 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.