Gilder Gagnon Howe & Co. LLC Grows Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Gilder Gagnon Howe & Co. LLC raised its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 6.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,266 shares of the company’s stock after acquiring an additional 7,676 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 0.56% of Madison Square Garden Sports worth $26,162,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Harbour Investments Inc. raised its holdings in shares of Madison Square Garden Sports by 42.9% in the 1st quarter. Harbour Investments Inc. now owns 233 shares of the company’s stock valued at $45,000 after acquiring an additional 70 shares in the last quarter. Advisors Capital Management LLC raised its holdings in shares of Madison Square Garden Sports by 0.8% during the 1st quarter. Advisors Capital Management LLC now owns 9,712 shares of the company’s stock valued at $1,892,000 after buying an additional 76 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Madison Square Garden Sports by 1.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 8,363 shares of the company’s stock valued at $1,533,000 after buying an additional 81 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Madison Square Garden Sports by 15.2% during the 2nd quarter. Captrust Financial Advisors now owns 638 shares of the company’s stock valued at $96,000 after buying an additional 84 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Madison Square Garden Sports by 4.4% during the 2nd quarter. LPL Financial LLC now owns 2,030 shares of the company’s stock valued at $307,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 73.51% of the company’s stock.

Madison Square Garden Sports Stock Up 0.8 %

Shares of NYSE MSGS traded up $1.34 during trading hours on Tuesday, reaching $173.18. 16,343 shares of the stock traded hands, compared to its average volume of 183,392. The company has a market capitalization of $4.14 billion, a P/E ratio of 90.44 and a beta of 0.95. Madison Square Garden Sports Corp. has a 52-week low of $136.61 and a 52-week high of $215.79. The company’s 50-day simple moving average is $191.10 and its two-hundred day simple moving average is $189.74.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings data on Thursday, August 17th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.41). Madison Square Garden Sports had a net margin of 5.39% and a negative return on equity of 15.56%. The firm had revenue of $126.90 million for the quarter, compared to analysts’ expectations of $120.35 million. During the same period in the prior year, the business posted $1.11 earnings per share. The business’s quarterly revenue was down 27.6% on a year-over-year basis. As a group, sell-side analysts forecast that Madison Square Garden Sports Corp. will post 1.8 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 two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.