Mutual of America Capital Management LLC Has $523,000 Stake in Madison Square Garden Sports Corp. (NYSE:MSGS)

Mutual of America Capital Management LLC reduced its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 8.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,513 shares of the company’s stock after selling 232 shares during the period. Mutual of America Capital Management LLC’s holdings in Madison Square Garden Sports were worth $523,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Venturi Wealth Management LLC grew its holdings in shares of Madison Square Garden Sports by 31.2% during the third quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock valued at $46,000 after buying an additional 53 shares in the last quarter. Creative Planning boosted its position in Madison Square Garden Sports by 2.5% during the 3rd quarter. Creative Planning now owns 2,542 shares of the company’s stock worth $529,000 after acquiring an additional 61 shares during the period. Arizona State Retirement System grew its stake in Madison Square Garden Sports by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 4,349 shares of the company’s stock valued at $818,000 after acquiring an additional 83 shares in the last quarter. Pullen Investment Management LLC increased its holdings in shares of Madison Square Garden Sports by 2.3% in the 2nd quarter. Pullen Investment Management LLC now owns 4,419 shares of the company’s stock valued at $831,000 after purchasing an additional 98 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Madison Square Garden Sports by 80.6% in the first quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock worth $42,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Macquarie boosted their price objective 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.

Madison Square Garden Sports Stock Up 0.6 %

Madison Square Garden Sports stock opened at $230.37 on Wednesday. Madison Square Garden Sports Corp. has a 12 month low of $166.26 and a 12 month high of $232.58. The stock has a market cap of $5.52 billion, a P/E ratio of 79.17 and a beta of 0.92. The company’s fifty day simple moving average is $218.12 and its 200-day simple moving average is $202.94.

Madison Square Garden Sports (NYSE:MSGS) last issued its earnings results on Friday, November 1st. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company posted ($0.79) earnings per share. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. On average, equities research analysts expect that Madison Square Garden Sports Corp. will post 0.81 earnings per share for the current fiscal year.

Madison Square Garden Sports Company 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.