Madison Square Garden Sports Corp. (NYSE:MSGS) Receives Consensus Rating of “Buy” from Analysts

Madison Square Garden Sports Corp. (NYSE:MSGS) has been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $210.20.

Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Madison Square Garden Sports from a “hold” rating to a “sell” rating in a research report on Thursday, August 19th. Wolfe Research restated a “buy” rating and set a $207.00 price objective on shares of Madison Square Garden Sports in a report on Friday, August 20th.

Several hedge funds have recently modified their holdings of the business. Bbva USA purchased a new stake in shares of Madison Square Garden Sports during the 2nd quarter worth $26,000. Pinnacle Holdings LLC acquired a new position in Madison Square Garden Sports during the 1st quarter valued at about $29,000. FORA Capital LLC acquired a new position in Madison Square Garden Sports during the 1st quarter valued at about $45,000. Rockefeller Capital Management L.P. increased its position in Madison Square Garden Sports by 67.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 368 shares of the company’s stock valued at $63,000 after buying an additional 148 shares in the last quarter. Finally, Alpha Paradigm Partners LLC increased its position in Madison Square Garden Sports by 217.9% during the 1st quarter. Alpha Paradigm Partners LLC now owns 496 shares of the company’s stock valued at $89,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 68.16% of the company’s stock.

NYSE:MSGS traded up $0.28 during trading hours on Thursday, reaching $183.13. The stock had a trading volume of 951 shares, compared to its average volume of 200,334. The stock has a market capitalization of $4.42 billion, a PE ratio of -299.75 and a beta of 0.99. The company has a 50 day moving average price of $168.41 and a two-hundred day moving average price of $177.33. Madison Square Garden Sports has a 52 week low of $140.15 and a 52 week high of $207.09.

Madison Square Garden Sports (NYSE:MSGS) last released its earnings results on Wednesday, August 18th. The company reported $2.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.76) by $2.79. The firm had revenue of $146.90 million for the quarter, compared to the consensus estimate of $120.21 million. Madison Square Garden Sports had a negative return on equity of 34.95% and a negative net margin of 3.36%. The company’s revenue for the quarter was up 1998.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($3.27) EPS. Sell-side analysts anticipate that Madison Square Garden Sports will post 0.29 EPS for the current fiscal year.

About Madison Square Garden Sports

Madison Square Garden Sports Corp. is a professional sports company. It owns and operates a portfolio of assets featuring some of the teams in all of sports, including the New York Knickerbockers (the Knicks) of the National Basketball Association (NBA) and the New York Rangers (the Rangers) of the National Hockey League (NHL).

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Analyst Recommendations for Madison Square Garden Sports (NYSE:MSGS)

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