Horizon Kinetics Asset Management LLC Sells 45 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Horizon Kinetics Asset Management LLC cut its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 0.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,491 shares of the company’s stock after selling 45 shares during the quarter. Horizon Kinetics Asset Management LLC owned 0.13% of Madison Square Garden Sports worth $6,350,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Venturi Wealth Management LLC grew its stake in shares of Madison Square Garden Sports by 31.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock worth $46,000 after buying an additional 53 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Madison Square Garden Sports by 80.6% during the first quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock worth $42,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC raised its position in Madison Square Garden Sports by 179.8% during 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 during the period. Blue Trust Inc. lifted its stake in shares of Madison Square Garden Sports by 326.5% in the 3rd quarter. Blue Trust Inc. now owns 418 shares of the company’s stock valued at $87,000 after purchasing an additional 320 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Madison Square Garden Sports in the 3rd quarter worth approximately $119,000. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Trading Up 0.6 %

MSGS stock opened at $229.83 on Monday. The stock has a market cap of $5.50 billion, a PE ratio of 78.98 and a beta of 0.92. Madison Square Garden Sports Corp. has a 12 month low of $166.26 and a 12 month high of $230.69. The company has a 50-day moving average price of $217.19 and a 200 day moving average price of $202.37.

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, beating the consensus estimate of ($0.86) by $0.55. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. The business had revenue of $53.31 million during the quarter, compared to analyst estimates of $43.71 million. During the same quarter in the previous year, the business earned ($0.79) earnings per share. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. Sell-side analysts forecast that Madison Square Garden Sports Corp. will post 0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised 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.

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.