909 Shares in Madison Square Garden Sports Corp. (NYSE:MSGS) Purchased by First Bank & Trust

First Bank & Trust bought a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) during the 4th quarter, Holdings Channel.com reports. The firm bought 909 shares of the company’s stock, valued at approximately $205,000.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Madison Square Garden Sports by 1.2% in the 3rd quarter. State Street Corp now owns 549,108 shares of the company’s stock worth $114,357,000 after purchasing an additional 6,640 shares during the period. Geode Capital Management LLC raised its holdings in shares of Madison Square Garden Sports by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 273,222 shares of the company’s stock worth $56,916,000 after purchasing an additional 1,913 shares during the period. Systematic Financial Management LP raised its holdings in shares of Madison Square Garden Sports by 13.3% in the 3rd quarter. Systematic Financial Management LP now owns 124,327 shares of the company’s stock worth $25,893,000 after purchasing an additional 14,591 shares during the period. Empirical Asset Management LLC purchased a new position in shares of Madison Square Garden Sports in the 4th quarter worth about $26,120,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Madison Square Garden Sports by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 111,855 shares of the company’s stock worth $23,295,000 after purchasing an additional 3,784 shares during the period. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

Madison Square Garden Sports Stock Performance

MSGS stock opened at $205.74 on Friday. Madison Square Garden Sports Corp. has a 1 year low of $178.35 and a 1 year high of $237.99. The firm has a market cap of $4.94 billion, a P/E ratio of 86.81 and a beta of 0.91. The stock has a 50-day simple moving average of $217.81 and a 200-day simple moving average of $215.58.

Madison Square Garden Sports (NYSE:MSGS) last posted its earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The company had revenue of $357.80 million during the quarter, compared to analyst estimates of $352.68 million. During the same quarter last year, the business posted $0.59 EPS. Madison Square Garden Sports’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts predict that Madison Square Garden Sports Corp. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Macquarie raised their price objective 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.

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.