Nisa Investment Advisors LLC Sells 200 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Nisa Investment Advisors LLC cut its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,652 shares of the company’s stock after selling 200 shares during the period. Nisa Investment Advisors LLC’s holdings in Madison Square Garden Sports were worth $599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Herbst Group LLC increased its stake in shares of Madison Square Garden Sports by 16.5% during the fourth quarter. Herbst Group LLC now owns 15,617 shares of the company’s stock valued at $3,524,000 after buying an additional 2,212 shares during the period. Empirical Asset Management LLC purchased a new position in Madison Square Garden Sports during the 4th quarter valued at about $26,120,000. Argent Capital Management LLC raised its holdings in shares of Madison Square Garden Sports by 39.4% in the 4th quarter. Argent Capital Management LLC now owns 3,028 shares of the company’s stock valued at $683,000 after purchasing an additional 856 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Madison Square Garden Sports by 8.6% in the 4th quarter. Park Avenue Securities LLC now owns 4,263 shares of the company’s stock worth $962,000 after purchasing an additional 339 shares during the period. Finally, Miracle Mile Advisors LLC bought a new position in shares of Madison Square Garden Sports during the fourth quarter valued at approximately $4,153,000. Institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Down 0.7 %

Shares of Madison Square Garden Sports stock opened at $220.08 on Wednesday. The company has a 50 day moving average price of $224.10 and a 200 day moving average price of $214.10. The firm has a market capitalization of $5.27 billion, a P/E ratio of 75.63 and a beta of 0.91. Madison Square Garden Sports Corp. has a 52 week low of $178.35 and a 52 week high of $237.99.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings results on Friday, November 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.55. The business had revenue of $53.31 million during 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%. The business’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.79) earnings per share. As a group, research analysts anticipate that Madison Square Garden Sports Corp. will post 0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Macquarie upped their target price on Madison Square Garden Sports from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th.

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.