Inspire Trust Co. N.A. grew its stake in Madison Square Garden Sports Corp. (NYSE:MSGS – Free Report) by 18.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,000 shares of the company’s stock after buying an additional 1,100 shares during the period. Inspire Trust Co. N.A.’s holdings in Madison Square Garden Sports were worth $1,458,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its position in shares of Madison Square Garden Sports by 31.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock worth $46,000 after acquiring an additional 53 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of 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 in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Madison Square Garden Sports during the 3rd quarter worth approximately $119,000. Quent Capital LLC increased its stake in shares of Madison Square Garden Sports by 271.3% in the 3rd quarter. Quent Capital LLC now owns 609 shares of the company’s stock valued at $127,000 after acquiring an additional 445 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Madison Square Garden Sports during the 2nd quarter valued at $132,000. 68.94% of the stock is owned by institutional investors and hedge funds.
Madison Square Garden Sports Price Performance
Shares of Madison Square Garden Sports stock opened at $234.67 on Friday. The business has a 50-day simple moving average of $223.31 and a 200 day simple moving average of $206.37. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 80.64 and a beta of 0.91. Madison Square Garden Sports Corp. has a one year low of $169.98 and a one year high of $235.01.
Wall Street Analyst Weigh In
Separately, Macquarie raised 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 report on Tuesday, November 5th.
Read Our Latest Research Report on Madison Square Garden Sports
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.
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