2,196 Shares in Madison Square Garden Sports Corp. (NYSE:MSGS) Acquired by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,196 shares of the company’s stock, valued at approximately $457,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. 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 worth $46,000 after purchasing an additional 53 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Madison Square Garden Sports by 35.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,510 shares of the company’s stock valued at $314,000 after buying an additional 393 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in 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 acquiring an additional 29,445 shares during the last quarter. US Bancorp DE raised its holdings in shares of Madison Square Garden Sports by 8.4% during the 3rd quarter. US Bancorp DE now owns 2,530 shares of the company’s stock worth $527,000 after acquiring an additional 196 shares in the last quarter. Finally, Pullen Investment Management LLC boosted its position in shares of Madison Square Garden Sports by 15.0% during the 3rd quarter. Pullen Investment Management LLC now owns 5,084 shares of the company’s stock valued at $1,059,000 after acquiring an additional 665 shares during the last quarter. 68.94% of the stock is currently owned by institutional investors.

Madison Square Garden Sports Price Performance

Shares of MSGS stock opened at $222.56 on Friday. The company has a market cap of $5.33 billion, a PE ratio of 76.41 and a beta of 0.92. The stock’s 50 day simple moving average is $214.31 and its two-hundred day simple moving average is $200.46. Madison Square Garden Sports Corp. has a 1 year low of $166.26 and a 1 year high of $230.69.

Madison Square Garden Sports (NYSE:MSGS) last released its quarterly earnings results on Friday, November 1st. The company reported ($0.31) earnings per share 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 company had revenue of $53.31 million for the quarter, compared to analyst estimates of $43.71 million. During the same quarter in the prior year, the firm posted ($0.79) EPS. Madison Square Garden Sports’s quarterly revenue was up 23.8% compared to the same quarter last year. Equities research analysts expect that Madison Square Garden Sports Corp. will post 0.81 EPS for the current year.

Analyst Ratings Changes

Separately, Macquarie boosted their price target 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.

Insider Buying and Selling

In related news, CEO James Lawrence Dolan sold 629 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.30, for a total transaction of $131,649.70. Following the completion of the transaction, the chief executive officer now owns 10,192 shares in the company, valued at $2,133,185.60. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.10% of the stock is owned by corporate insiders.

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.