XTX Topco Ltd Invests $884,000 in Madison Square Garden Sports Corp. (NYSE:MSGS)

XTX Topco Ltd purchased a new position in Madison Square Garden Sports Corp. (NYSE:MSGS) during the 2nd quarter, HoldingsChannel reports. The fund purchased 4,698 shares of the company’s stock, valued at approximately $884,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Treasurer of the State of North Carolina lifted its stake in Madison Square Garden Sports by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 8,245 shares of the company’s stock worth $1,499,000 after purchasing an additional 80 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Madison Square Garden Sports by 1.9% in the second quarter. Arizona State Retirement System now owns 4,349 shares of the company’s stock valued at $818,000 after purchasing an additional 83 shares during the last quarter. Pullen Investment Management LLC lifted its position in Madison Square Garden Sports by 2.3% during the second quarter. Pullen Investment Management LLC now owns 4,419 shares of the company’s stock worth $831,000 after buying an additional 98 shares in the last quarter. Swiss National Bank boosted its stake in Madison Square Garden Sports by 0.3% during the first quarter. Swiss National Bank now owns 30,633 shares of the company’s stock worth $5,652,000 after buying an additional 100 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Madison Square Garden Sports by 80.6% in the 1st 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. 68.94% of the stock is owned by hedge funds and other institutional investors.

Madison Square Garden Sports Price Performance

NYSE:MSGS opened at $207.02 on Friday. The company’s 50-day moving average is $201.63 and its two-hundred day moving average is $191.49. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 211.24 and a beta of 0.94. Madison Square Garden Sports Corp. has a 1-year low of $164.79 and a 1-year high of $213.26.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.73. Madison Square Garden Sports had a negative return on equity of 18.69% and a net margin of 5.72%. The company had revenue of $227.25 million during the quarter, compared to analyst estimates of $167.71 million. During the same period in the prior year, the business posted ($0.39) earnings per share. The firm’s revenue for the quarter was up 79.1% compared to the same quarter last year. As a group, equities analysts anticipate that Madison Square Garden Sports Corp. will post 1.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Madison Square Garden Sports news, CEO James Lawrence Dolan sold 629 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.30, for a total value of $131,649.70. Following the transaction, the chief executive officer now owns 10,192 shares of the company’s stock, valued at $2,133,185.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Macquarie lowered their price target on shares of Madison Square Garden Sports from $240.00 to $235.00 and set an “outperform” rating on the stock in a research report on Friday, August 16th.

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.