Aigen Investment Management LP Acquires New Shares in Madison Square Garden Sports Corp. (NYSE:MSGS)

Aigen Investment Management LP bought a new stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,196 shares of the company’s stock, valued at approximately $457,000.

Other large investors have also modified their holdings of the company. Point72 Asset Management L.P. increased its holdings in Madison Square Garden Sports by 1,231.8% during the second quarter. Point72 Asset Management L.P. now owns 246,374 shares of the company’s stock valued at $46,350,000 after buying an additional 227,874 shares during the period. Bank of Montreal Can increased its holdings in shares of Madison Square Garden Sports by 139.2% in the 2nd 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 during the period. Ariel Investments LLC raised its position in shares of 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 acquiring an additional 33,031 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Madison Square Garden Sports by 306.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 39,187 shares of the company’s stock worth $7,372,000 after purchasing an additional 29,547 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in Madison Square Garden Sports by 3.7% during the first quarter. Gamco Investors INC. ET AL now owns 594,169 shares of the company’s stock valued at $109,636,000 after purchasing an additional 21,149 shares in the last quarter. Institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Trading Up 0.1 %

NYSE MSGS opened at $222.56 on Friday. Madison Square Garden Sports Corp. has a 12-month low of $166.26 and a 12-month high of $230.69. The firm’s fifty day simple moving average is $214.31 and its two-hundred day simple moving average is $200.46. The firm has a market capitalization of $5.33 billion, a P/E ratio of 76.41 and a beta of 0.92.

Madison Square Garden Sports (NYSE:MSGS) last announced its earnings results on Friday, November 1st. The company reported ($0.31) earnings per share 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 for the quarter, compared to the consensus estimate of $43.71 million. During the same period in the previous year, the business earned ($0.79) EPS. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. As a group, sell-side analysts predict that Madison Square Garden Sports Corp. will post 0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Macquarie increased 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.

Insider Transactions at Madison Square Garden Sports

In other news, CEO James Lawrence Dolan sold 629 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.30, for a total transaction of $131,649.70. Following the sale, the chief executive officer now directly owns 10,192 shares of the company’s stock, valued at $2,133,185.60. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.