Point72 Hong Kong Ltd Has $864,000 Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Point72 Hong Kong Ltd decreased its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 10.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,149 shares of the company’s stock after selling 463 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Madison Square Garden Sports were worth $864,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Verition Fund Management LLC grew its holdings in Madison Square Garden Sports by 68.5% during the 3rd quarter. Verition Fund Management LLC now owns 6,519 shares of the company’s stock worth $1,358,000 after acquiring an additional 2,650 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of Madison Square Garden Sports during the third quarter worth $249,000. BNP Paribas Financial Markets increased its holdings in Madison Square Garden Sports by 69.9% in the third quarter. BNP Paribas Financial Markets now owns 33,961 shares of the company’s stock valued at $7,073,000 after purchasing an additional 13,972 shares during the last quarter. FMR LLC lifted its stake in Madison Square Garden Sports by 11.3% in the third quarter. FMR LLC now owns 1,669 shares of the company’s stock valued at $348,000 after buying an additional 169 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Madison Square Garden Sports during the third quarter worth about $861,000. 68.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Macquarie upped their price target on Madison Square Garden Sports from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th.

Madison Square Garden Sports Stock Up 0.4 %

Shares of MSGS stock opened at $229.95 on Monday. Madison Square Garden Sports Corp. has a 12-month low of $167.08 and a 12-month high of $232.58. The firm has a fifty day moving average of $219.42 and a 200-day moving average of $203.86. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 79.02 and a beta of 0.92.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings results on Friday, November 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $43.71 million. During the same period in the prior year, the company earned ($0.79) earnings per share. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. Research analysts expect 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.