Manchester Capital Management LLC Has $71,000 Stock Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Manchester Capital Management LLC decreased its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 24.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 315 shares of the company’s stock after selling 100 shares during the quarter. Manchester Capital Management LLC’s holdings in Madison Square Garden Sports were worth $71,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fifth Third Bancorp raised its stake in shares of Madison Square Garden Sports by 119.0% during the 4th quarter. Fifth Third Bancorp now owns 138 shares of the company’s stock worth $31,000 after purchasing an additional 75 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Madison Square Garden Sports during the 4th quarter worth about $43,000. Venturi Wealth Management LLC raised its stake in shares of Madison Square Garden Sports by 31.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock worth $46,000 after purchasing an additional 53 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Madison Square Garden Sports by 35.3% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock worth $53,000 after purchasing an additional 61 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Madison Square Garden Sports by 326.5% during the 3rd quarter. Blue Trust Inc. now owns 418 shares of the company’s stock worth $87,000 after purchasing an additional 320 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Up 0.3 %

Shares of NYSE MSGS opened at $211.70 on Friday. Madison Square Garden Sports Corp. has a 12 month low of $178.35 and a 12 month high of $237.99. The company has a market cap of $5.07 billion, a P/E ratio of 89.32 and a beta of 0.91. The business’s 50 day moving average is $219.66 and its two-hundred day moving average is $215.44.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The firm had revenue of $357.80 million for the quarter, compared to analyst estimates of $352.68 million. During the same period in the previous year, the business posted $0.59 EPS. Madison Square Garden Sports’s revenue for the quarter was up 9.5% compared to the same quarter last year. Sell-side analysts expect that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Macquarie raised their price objective 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.

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.