Argent Capital Management LLC Grows Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Argent Capital Management LLC boosted its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 39.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,028 shares of the company’s stock after purchasing an additional 856 shares during the quarter. Argent Capital Management LLC’s holdings in Madison Square Garden Sports were worth $683,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MSGS. Point72 Asset Management L.P. raised its holdings in Madison Square Garden Sports by 1,231.8% in the second quarter. Point72 Asset Management L.P. now owns 246,374 shares of the company’s stock worth $46,350,000 after purchasing an additional 227,874 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Madison Square Garden Sports by 139.2% during the second quarter. Bank of Montreal Can now owns 89,166 shares of the company’s stock valued at $16,900,000 after acquiring an additional 51,897 shares in the last quarter. Ariel Investments LLC increased its holdings in Madison Square Garden Sports by 3.5% in the 2nd quarter. Ariel Investments LLC now owns 970,156 shares of the company’s stock worth $182,515,000 after buying an additional 33,031 shares during the period. Harbor Capital Advisors Inc. increased its holdings 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 buying an additional 29,445 shares during the period. Finally, Tabor Asset Management LP acquired a new position in Madison Square Garden Sports in the 3rd quarter worth approximately $5,558,000. 68.94% of the stock is currently owned by institutional investors.

Madison Square Garden Sports Stock Performance

NYSE MSGS opened at $215.20 on Thursday. The business has a fifty day moving average price of $225.17 and a 200 day moving average price of $212.58. Madison Square Garden Sports Corp. has a one year low of $176.27 and a one year high of $237.99. The company has a market cap of $5.15 billion, a P/E ratio of 73.95 and a beta of 0.91.

Madison Square Garden Sports (NYSE:MSGS) last issued its earnings results on Friday, November 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, topping 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%. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period last year, the company earned ($0.79) EPS. As a group, sell-side analysts predict that Madison Square Garden Sports Corp. will post 0.81 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Macquarie upped their price objective on 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.

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.