Edgestream Partners L.P. Makes New $1.23 Million Investment in Madison Square Garden Sports Corp. (NYSE:MSGS)

Edgestream Partners L.P. bought a new position in Madison Square Garden Sports Corp. (NYSE:MSGS) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,534 shares of the company’s stock, valued at approximately $1,229,000.

Other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in shares of Madison Square Garden Sports by 738.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 176 shares of the company’s stock worth $34,000 after buying an additional 155 shares during the last quarter. State of Wyoming acquired a new stake in shares of Madison Square Garden Sports during the 4th quarter worth approximately $34,000. Resources Management Corp CT ADV acquired a new stake in shares of Madison Square Garden Sports during the 1st quarter worth approximately $37,000. Harbour Investments Inc. increased its holdings in shares of Madison Square Garden Sports by 42.9% during the 1st quarter. Harbour Investments Inc. now owns 233 shares of the company’s stock worth $45,000 after buying an additional 70 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in Madison Square Garden Sports in the 3rd quarter valued at approximately $66,000. 73.51% of the stock is owned by hedge funds and other institutional investors.

Madison Square Garden Sports Stock Performance

Madison Square Garden Sports stock opened at $172.11 on Tuesday. The firm has a 50 day moving average price of $174.37 and a 200 day moving average price of $182.71. The company has a market capitalization of $4.11 billion, a PE ratio of 93.54 and a beta of 0.92. Madison Square Garden Sports Corp. has a fifty-two week low of $147.77 and a fifty-two week high of $215.79.

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.