Quadrature Capital Ltd Makes New $348,000 Investment in Madison Square Garden Sports Corp. (NYSE:MSGS)

Quadrature Capital Ltd purchased a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,671 shares of the company’s stock, valued at approximately $348,000.

Several other large investors also recently modified their holdings of the stock. Quantinno Capital Management LP boosted its position in shares of Madison Square Garden Sports by 647.3% during the 3rd quarter. Quantinno Capital Management LP now owns 9,887 shares of the company’s stock worth $2,059,000 after purchasing an additional 8,564 shares in the last quarter. Quarry LP raised its stake in Madison Square Garden Sports by 125.5% during the 3rd quarter. Quarry LP now owns 769 shares of the company’s stock worth $160,000 after buying an additional 428 shares during the period. Parallax Volatility Advisers L.P. boosted its holdings in Madison Square Garden Sports by 15.1% in the third quarter. Parallax Volatility Advisers L.P. now owns 1,359 shares of the company’s stock worth $283,000 after acquiring an additional 178 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Madison Square Garden Sports by 526.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 27,101 shares of the company’s stock valued at $5,644,000 after acquiring an additional 22,772 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Madison Square Garden Sports by 11.0% during the third quarter. HighTower Advisors LLC now owns 19,549 shares of the company’s stock valued at $4,063,000 after acquiring an additional 1,934 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Madison Square Garden Sports Price Performance

NYSE:MSGS opened at $227.77 on Tuesday. Madison Square Garden Sports Corp. has a one year low of $169.98 and a one year high of $232.58. The company has a market cap of $5.46 billion, a PE ratio of 78.27 and a beta of 0.91. The firm has a 50-day moving average of $221.71 and a 200-day moving average of $205.35.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings data on Friday, November 1st. The company reported ($0.31) 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 firm had revenue of $53.31 million during the quarter, compared to the consensus estimate of $43.71 million. The company’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.79) earnings per share. On average, equities research analysts expect that Madison Square Garden Sports Corp. will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.