Algert Global LLC Acquires 26,508 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Algert Global LLC boosted its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 535.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,459 shares of the company’s stock after buying an additional 26,508 shares during the period. Algert Global LLC owned approximately 0.13% of Madison Square Garden Sports worth $6,552,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MSGS. Point72 Asset Management L.P. grew its holdings in shares of Madison Square Garden Sports by 1,231.8% during the 2nd 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 grew its holdings in shares of Madison Square Garden Sports by 139.2% during the 2nd quarter. Bank of Montreal Can now owns 89,166 shares of the company’s stock worth $16,900,000 after purchasing an additional 51,897 shares in the last quarter. Ariel Investments LLC grew its holdings in shares of Madison Square Garden Sports by 3.5% during the 2nd quarter. Ariel Investments LLC now owns 970,156 shares of the company’s stock worth $182,515,000 after purchasing an additional 33,031 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Madison Square Garden Sports by 306.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 39,187 shares of the company’s stock valued at $7,372,000 after buying an additional 29,547 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Madison Square Garden Sports by 10.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 211,100 shares of the company’s stock valued at $39,716,000 after buying an additional 19,585 shares in the last quarter. 68.94% of the stock is owned by institutional investors.

Madison Square Garden Sports Stock Performance

Shares of MSGS opened at $229.83 on Friday. The stock has a fifty day moving average price of $217.19 and a two-hundred day moving average price of $202.29. Madison Square Garden Sports Corp. has a 52-week low of $166.26 and a 52-week high of $230.69. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 78.98 and a beta of 0.92.

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, topping analysts’ consensus estimates of ($0.86) by $0.55. The company 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 firm’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.79) earnings per share. As a group, research analysts predict that Madison Square Garden Sports Corp. will post 0.81 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Macquarie boosted 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.

Insider Activity at Madison Square Garden Sports

In other Madison Square Garden Sports news, CEO James Lawrence Dolan sold 629 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.30, for a total value of $131,649.70. Following the completion of the transaction, the chief executive officer now directly owns 10,192 shares of the company’s stock, valued at approximately $2,133,185.60. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.10% of the stock is currently owned by corporate insiders.

About Madison Square Garden Sports

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.