Madison Square Garden Sports (NYSE:MSGS – Get Free Report) The price target was cut by equity analysts at Macquarie from $240.00 to $235.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Macquarie’s price target would imply a potential upside of 16.87% from the company’s last closing price.
Sports trading at Madison Square Garden rises 0.2%
MSGS stock opened at $201.08 on Friday. Madison Square Garden Sports has a 52-week low of $164.79 and a 52-week high of $213.26. The company has a market cap of $4.82 billion, a P/E ratio of 205.18 and a beta of 0.95. The company’s 50-day average price is $192.97 and its 200-day average price is $188.44.
Madison Square Garden Sports (NYSE:MSGS – Get Free Report) last announced its quarterly earnings results on Tuesday, August 13. The company reported earnings per share (EPS) of $1.06 for the quarter, beating the consensus estimate of $0.33 by $0.73. Madison Square Garden Sports had a net margin of 2.59% and a negative return on equity of 7.23%. The company posted revenue of $227.25 million for the quarter, compared to the consensus estimate of $167.71 million. During the same quarter last year, the company posted earnings per share of ($0.39). The company’s revenue for the quarter increased 79.1% compared to the same quarter last year. On average, equities analysts expect that Madison Square Garden Sports will report earnings per share of $1.87 for the current year.
Institutional trading in Madison Square Garden Sports
Several institutional investors and hedge funds have recently changed their holdings in MSGS. EverSource Wealth Advisors LLC increased its holdings 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 valued at $42,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Madison Square Garden Sports by 179.8% in the second quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $49,000 after buying an additional 169 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Madison Square Garden Sports by 40.8% in the fourth quarter. Quadrant Capital Group LLC now owns 449 shares of the company’s stock valued at $82,000 after buying an additional 130 shares in the last quarter. Cape Investment Advisory Inc. increased its holdings in Madison Square Garden Sports by 400.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 500 shares of the company’s stock valued at $91,000 after purchasing an additional 400 shares in the last quarter. Finally, Quent Capital LLC increased its holdings in Madison Square Garden Sports by 312.4% in the first quarter. Quent Capital LLC now owns 565 shares of the company’s stock valued at $104,000 after purchasing an additional 428 shares in the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.
About Madison Square Garden Sports
(Get free report)
Madison Square Garden Sports Corp. is a professional sports company in the United States. The company owns and operates a portfolio of assets consisting 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 two developmental league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.
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