Systematic Financial Management LP Buys 14,591 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Systematic Financial Management LP raised its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 13.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,327 shares of the company’s stock after purchasing an additional 14,591 shares during the quarter. Systematic Financial Management LP’s holdings in Madison Square Garden Sports were worth $25,893,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. 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. Creative Planning boosted its stake in shares of Madison Square Garden Sports by 2.5% during the 3rd quarter. Creative Planning now owns 2,542 shares of the company’s stock worth $529,000 after acquiring an additional 61 shares during the period. Arizona State Retirement System boosted its stake in shares of Madison Square Garden Sports by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 4,349 shares of the company’s stock worth $818,000 after acquiring an additional 83 shares during the period. Pullen Investment Management LLC boosted its stake 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 acquiring an additional 98 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Madison Square Garden Sports by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the company’s stock worth $1,580,000 after acquiring an additional 100 shares during the period. 68.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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 0.9 %

Shares of NYSE MSGS opened at $231.76 on Thursday. 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 $220.86 and a 200-day moving average of $204.61. The company has a market capitalization of $5.55 billion, a P/E ratio of 79.64 and a beta of 0.91.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings data on Friday, November 1st. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.55. The business had revenue of $53.31 million for the quarter, compared to analyst estimates of $43.71 million. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. Madison Square Garden Sports’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company 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.