Harbor Capital Advisors Inc. Raises Stake in Madison Square Garden Sports Corp. (NYSE:MSGS)

Harbor Capital Advisors Inc. boosted its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 75.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 68,632 shares of the company’s stock after purchasing an additional 29,445 shares during the period. Madison Square Garden Sports makes up 0.6% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 22nd largest holding. Harbor Capital Advisors Inc. owned about 0.29% of Madison Square Garden Sports worth $14,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. US Bancorp DE boosted its holdings in shares of Madison Square Garden Sports by 8.4% in the third quarter. US Bancorp DE now owns 2,530 shares of the company’s stock valued at $527,000 after acquiring an additional 196 shares in the last quarter. Pullen Investment Management LLC boosted its holdings in shares of Madison Square Garden Sports by 15.0% in the third 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 in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Madison Square Garden Sports in the third quarter valued at about $119,000. Argent Capital Management LLC boosted its holdings in shares of Madison Square Garden Sports by 15.0% in the third quarter. Argent Capital Management LLC now owns 2,172 shares of the company’s stock valued at $452,000 after acquiring an additional 283 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Madison Square Garden Sports by 326.5% in the third quarter. Blue Trust Inc. now owns 418 shares of the company’s stock valued at $87,000 after acquiring an additional 320 shares in the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.

Madison Square Garden Sports Stock Down 0.8 %

Shares of NYSE MSGS opened at $220.99 on Friday. Madison Square Garden Sports Corp. has a 52 week low of $166.26 and a 52 week high of $227.66. The firm has a 50-day moving average price of $211.81 and a 200 day moving average price of $198.20. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 75.94 and a beta of 0.92.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings data on Friday, November 1st. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.86) by $0.55. Madison Square Garden Sports had a net margin of 5.72% and a negative return on equity of 18.69%. The firm had revenue of $53.31 million during the quarter, compared to analysts’ expectations of $43.71 million. During the same quarter last year, the business earned ($0.79) earnings per share. The business’s revenue for the quarter was up 23.8% compared to the same quarter last year. Equities research analysts expect that Madison Square Garden Sports Corp. will post 1.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Macquarie lowered their target price on shares of Madison Square Garden Sports from $240.00 to $235.00 and set an “outperform” rating on the stock in a report on Friday, August 16th.

Insider Activity at Madison Square Garden Sports

In related news, CEO James Lawrence Dolan sold 629 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.30, for a total value of $131,649.70. Following the completion of the sale, the chief executive officer now owns 10,192 shares in the company, valued at $2,133,185.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 22.10% of the company’s stock.

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.