E&G Advisors LP Takes Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

E&G Advisors LP bought a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 900 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors have also added to or reduced their stakes in MSGS. Harbor Capital Advisors Inc. grew its holdings in shares of Madison Square Garden Sports by 75.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 68,632 shares of the company’s stock worth $14,293,000 after purchasing an additional 29,445 shares during the last quarter. State Street Corp increased its holdings in shares of Madison Square Garden Sports by 1.2% during the third quarter. State Street Corp now owns 549,108 shares of the company’s stock worth $114,357,000 after buying an additional 6,640 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Madison Square Garden Sports in the third quarter valued at approximately $861,000. Sanctuary Advisors LLC bought a new position in shares of Madison Square Garden Sports in the third quarter valued at approximately $264,000. Finally, Garner Asset Management Corp acquired a new position in shares of Madison Square Garden Sports in the 3rd quarter worth approximately $639,000. 68.94% of the stock is owned by institutional investors and hedge funds.

Madison Square Garden Sports Trading Down 1.1 %

Madison Square Garden Sports stock opened at $217.47 on Tuesday. Madison Square Garden Sports Corp. has a 1-year low of $178.35 and a 1-year high of $237.99. The company has a fifty day simple moving average of $223.60 and a 200 day simple moving average of $214.71. The company has a market cap of $5.21 billion, a P/E ratio of 74.73 and a beta of 0.91.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings results on Friday, November 1st. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $53.31 million during the quarter, compared to the consensus estimate of $43.71 million. During the same period last year, the company earned ($0.79) earnings per share. The business’s revenue was up 23.8% compared to the same quarter last year. On average, equities research analysts forecast that Madison Square Garden Sports Corp. will post 0.81 EPS for the current year.

Analyst Ratings Changes

Separately, Macquarie boosted their price objective on shares of 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.