Miracle Mile Advisors LLC Invests $4.15 Million in Madison Square Garden Sports Corp. (NYSE:MSGS)

Miracle Mile Advisors LLC acquired a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 18,402 shares of the company’s stock, valued at approximately $4,153,000.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC raised its position in Madison Square Garden Sports by 31.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock valued at $46,000 after purchasing an additional 53 shares during the last quarter. Versant Capital Management Inc raised its position in Madison Square Garden Sports by 35.3% in the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock valued at $53,000 after purchasing an additional 61 shares during the last quarter. Blue Trust Inc. raised its position in Madison Square Garden Sports by 326.5% in the 3rd quarter. Blue Trust Inc. now owns 418 shares of the company’s stock valued at $87,000 after purchasing an additional 320 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Madison Square Garden Sports in the 3rd quarter valued at $119,000. Finally, Quent Capital LLC raised its position in Madison Square Garden Sports by 271.3% in the 3rd quarter. Quent Capital LLC now owns 609 shares of the company’s stock valued at $127,000 after purchasing an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Performance

Shares of MSGS opened at $213.73 on Tuesday. The stock has a market capitalization of $5.12 billion, a P/E ratio of 73.45 and a beta of 0.91. The company’s fifty day moving average is $225.26 and its two-hundred day moving average is $212.40. Madison Square Garden Sports Corp. has a 1 year low of $176.27 and a 1 year high of $237.99.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings data on Friday, November 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.86) by $0.55. The company had revenue of $53.31 million for the quarter, compared to analysts’ expectations of $43.71 million. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. Madison Square Garden Sports’s revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.79) EPS. Sell-side analysts predict that Madison Square Garden Sports Corp. will post 0.81 EPS for the current year.

Analyst Ratings Changes

Separately, Macquarie upped 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.