Harbor Capital Advisors Inc. Sells 3,994 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Harbor Capital Advisors Inc. decreased its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,638 shares of the company’s stock after selling 3,994 shares during the period. Madison Square Garden Sports comprises approximately 0.6% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 20th biggest holding. Harbor Capital Advisors Inc. owned approximately 0.27% of Madison Square Garden Sports worth $14,588,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MSGS. Venturi Wealth Management LLC increased 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 last quarter. Versant Capital Management Inc grew its stake in Madison Square Garden Sports by 35.3% in the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock valued at $53,000 after buying an additional 61 shares during the last quarter. Blue Trust Inc. grew its stake in 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 buying an additional 320 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Madison Square Garden Sports in the 3rd quarter valued at about $119,000. Finally, Quent Capital LLC lifted its position in Madison Square Garden Sports by 271.3% during the third quarter. Quent Capital LLC now owns 609 shares of the company’s stock worth $127,000 after acquiring an additional 445 shares during the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Macquarie increased 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 Price Performance

Madison Square Garden Sports stock traded down $2.27 during mid-day trading on Friday, reaching $213.51. 23,401 shares of the company were exchanged, compared to its average volume of 86,426. The company has a fifty day simple moving average of $225.47 and a 200-day simple moving average of $211.69. The firm has a market cap of $5.11 billion, a PE ratio of 73.37 and a beta of 0.91. Madison Square Garden Sports Corp. has a 12 month low of $176.27 and a 12 month high of $237.99.

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