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Dec 28, 2023

ExodusPoint Capital Management LP Has $3.24 Million Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

ExodusPoint Capital Management LP raised its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 39.9% during the 1st quarter, according to the company in its most recent

ExodusPoint Capital Management LP raised its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 39.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,645 shares of the company's stock after buying an additional 4,747 shares during the quarter. ExodusPoint Capital Management LP owned 0.07% of Madison Square Garden Sports worth $3,243,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. acquired a new position in Madison Square Garden Sports in the first quarter valued at approximately $268,000. Envestnet Asset Management Inc. lifted its stake in Madison Square Garden Sports by 10.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,364 shares of the company's stock valued at $850,000 after buying an additional 399 shares during the period. Rhumbline Advisers lifted its stake in Madison Square Garden Sports by 4.8% in the first quarter. Rhumbline Advisers now owns 25,445 shares of the company's stock valued at $4,958,000 after buying an additional 1,165 shares during the period. Resources Management Corp CT ADV acquired a new position in Madison Square Garden Sports in the first quarter valued at approximately $37,000. Finally, Credit Suisse AG lifted its stake in Madison Square Garden Sports by 3.5% in the first quarter. Credit Suisse AG now owns 22,820 shares of the company's stock valued at $4,446,000 after buying an additional 771 shares during the period. 73.51% of the stock is owned by institutional investors and hedge funds.

Shares of MSGS opened at $177.18 on Wednesday. Madison Square Garden Sports Corp. has a 52-week low of $136.61 and a 52-week high of $215.79. The business's 50 day moving average price is $192.40 and its two-hundred day moving average price is $190.63. The firm has a market cap of $4.23 billion, a PE ratio of 93.25 and a beta of 0.92.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last released its quarterly earnings data on Thursday, August 17th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.41). The firm had revenue of $126.90 million for the quarter, compared to the consensus estimate of $120.35 million. Madison Square Garden Sports had a net margin of 5.39% and a negative return on equity of 15.56%. The company's revenue was down 27.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 EPS. Research analysts predict that Madison Square Garden Sports Corp. will post 1.8 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding MSGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report).

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