Thrivent Financial for Lutherans Lowers Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Thrivent Financial for Lutherans cut its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,118 shares of the company’s stock after selling 744 shares during the period. Thrivent Financial for Lutherans’ holdings in Madison Square Garden Sports were worth $2,732,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MSGS. Venturi Wealth Management LLC increased its holdings in shares of Madison Square Garden Sports by 31.2% in the third quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock valued at $46,000 after purchasing an additional 53 shares during the period. EverSource Wealth Advisors LLC grew its position 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 during the last quarter. GAMMA Investing LLC increased its stake in Madison Square Garden Sports by 179.8% in the 2nd quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $49,000 after buying an additional 169 shares during the period. Blue Trust Inc. raised its position in Madison Square Garden Sports by 326.5% during the 3rd quarter. Blue Trust Inc. now owns 418 shares of the company’s stock worth $87,000 after buying an additional 320 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Madison Square Garden Sports in the 3rd quarter worth $119,000. 68.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Madison Square Garden Sports Trading Up 0.6 %

Shares of MSGS stock opened at $230.37 on Wednesday. The stock has a 50 day simple moving average of $218.12 and a 200-day simple moving average of $202.94. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 79.17 and a beta of 0.92. Madison Square Garden Sports Corp. has a 12-month low of $166.26 and a 12-month high of $232.58.

Madison Square Garden Sports (NYSE:MSGS) last released its quarterly earnings data on Friday, November 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.86) by $0.55. The firm had revenue of $53.31 million during the quarter, compared to analysts’ expectations of $43.71 million. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. Madison Square Garden Sports’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.79) earnings per share. On average, equities analysts forecast that Madison Square Garden Sports Corp. will post 0.81 earnings per share for the current fiscal year.

Madison Square Garden Sports 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.