Y Intercept Hong Kong Ltd Has $559,000 Stock Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Y Intercept Hong Kong Ltd raised its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 129.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,682 shares of the company’s stock after buying an additional 1,514 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Madison Square Garden Sports were worth $559,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its holdings in shares of Madison Square Garden Sports by 75.1% in the third quarter. Harbor Capital Advisors Inc. now owns 68,632 shares of the company’s stock valued at $14,293,000 after purchasing an additional 29,445 shares in the last quarter. Point72 DIFC Ltd bought a new position in Madison Square Garden Sports in the 2nd quarter valued at $543,000. Dynamic Technology Lab Private Ltd bought a new position in Madison Square Garden Sports in the 3rd quarter valued at $861,000. Garner Asset Management Corp acquired a new stake in shares of Madison Square Garden Sports in the 3rd quarter valued at $639,000. Finally, Quest Partners LLC bought a new stake in shares of Madison Square Garden Sports during the third quarter worth $1,964,000. 68.94% of the stock is owned by institutional investors.

Madison Square Garden Sports Price Performance

Shares of NYSE:MSGS opened at $235.17 on Friday. The company has a 50 day moving average of $223.67 and a 200-day moving average of $206.88. Madison Square Garden Sports Corp. has a one year low of $171.61 and a one year high of $235.19. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 80.81 and a beta of 0.91.

Madison Square Garden Sports (NYSE:MSGS) last released its earnings results on Friday, November 1st. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.55. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The firm 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) EPS. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. Equities research analysts anticipate that Madison Square Garden Sports Corp. will post 0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Macquarie raised their price target on Madison Square Garden Sports from $235.00 to $240.00 and gave the company an “outperform” rating in a 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.