Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI boosted its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 1,953.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 9,941 shares of the company’s stock after buying an additional 9,457 shares during the period. National Bank of Canada FI’s holdings in Madison Square Garden Sports were worth $2,070,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its stake in shares of 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 in the last quarter. Blue Trust Inc. increased its stake in Madison Square Garden Sports by 326.5% during the third 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 acquired a new stake in shares of Madison Square Garden Sports during the third quarter worth $119,000. Quent Capital LLC raised its stake in Madison Square Garden Sports by 271.3% during the third quarter. Quent Capital LLC now owns 609 shares of the company’s stock worth $127,000 after acquiring an additional 445 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Madison Square Garden Sports by 142.6% during the 3rd quarter. GAMMA Investing LLC now owns 638 shares of the company’s stock worth $133,000 after purchasing an additional 375 shares during the period. 68.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Macquarie boosted 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 report on Tuesday, November 5th.

Madison Square Garden Sports Trading Up 0.2 %

NYSE MSGS opened at $235.10 on Friday. The company has a 50-day moving average price of $223.67 and a two-hundred day moving average price of $206.72. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 80.79 and a beta of 0.91. Madison Square Garden Sports Corp. has a 52 week low of $171.61 and a 52 week high of $235.19.

Madison Square Garden Sports (NYSE:MSGS) last posted its earnings results on Friday, November 1st. The company reported ($0.31) EPS for the quarter, beating 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 analysts’ expectations of $43.71 million. During the same period last year, the firm earned ($0.79) EPS. The firm’s revenue was up 23.8% compared to the same quarter last year. As a group, equities research analysts expect that Madison Square Garden Sports Corp. will post 0.81 earnings per share for the current fiscal year.

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.