XTX Topco Ltd Sells 2,148 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

XTX Topco Ltd lessened its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 45.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,550 shares of the company’s stock after selling 2,148 shares during the period. XTX Topco Ltd’s holdings in Madison Square Garden Sports were worth $531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI lifted its holdings in Madison Square Garden Sports by 1,953.9% during the 3rd quarter. National Bank of Canada FI now owns 9,941 shares of the company’s stock worth $2,070,000 after purchasing an additional 9,457 shares during the last quarter. Tabor Asset Management LP bought a new position in Madison Square Garden Sports during the 3rd quarter worth $5,558,000. State Street Corp lifted 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. Stifel Financial Corp boosted its position in shares of Madison Square Garden Sports by 5.2% in the third quarter. Stifel Financial Corp now owns 40,175 shares of the company’s stock valued at $8,367,000 after acquiring an additional 1,978 shares during the period. Finally, Systematic Financial Management LP grew its stake in shares of Madison Square Garden Sports by 13.3% in the third quarter. Systematic Financial Management LP now owns 124,327 shares of the company’s stock valued at $25,893,000 after acquiring an additional 14,591 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Madison Square Garden Sports Trading Up 0.2 %

Shares of MSGS stock opened at $235.10 on Friday. The stock has a 50 day simple moving average of $223.67 and a 200 day simple moving average of $206.72. Madison Square Garden Sports Corp. has a 1 year low of $171.61 and a 1 year high of $235.19. The stock has a market cap of $5.63 billion, a P/E ratio of 80.79 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) 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 in the prior year, the company posted ($0.79) EPS. The company’s revenue was up 23.8% compared to the same quarter last year. Analysts forecast that Madison Square Garden Sports Corp. will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Macquarie lifted 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 note on Tuesday, November 5th.

Madison Square Garden Sports 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.