Madison Square Garden Sports (MSGS) to Release Quarterly Earnings on Thursday

Posted by Defense World Staff on Aug 15th, 2023

Madison Square Garden Sports (NYSE:MSGS – Get Free Report) is scheduled to be issuing its 06/30/2023 quarterly earnings data before the market opens on Thursday, August 17th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Madison Square Garden Sports Stock Performance

Shares of Madison Square Garden Sports stock opened at $208.78 on Tuesday. Madison Square Garden Sports has a 52 week low of $136.61 and a 52 week high of $215.79. The stock has a 50 day moving average price of $191.37 and a two-hundred day moving average price of $190.63. The stock has a market capitalization of $4.99 billion, a PE ratio of 61.41 and a beta of 0.92.

Institutional Trading of Madison Square Garden Sports

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ergoteles LLC bought a new stake in Madison Square Garden Sports in the 2nd quarter worth about $372,000. Tudor Investment Corp Et Al grew its holdings in shares of Madison Square Garden Sports by 167.2% in the second quarter. Tudor Investment Corp Et Al now owns 21,788 shares of the company’s stock valued at $4,097,000 after acquiring an additional 13,633 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its position in shares of Madison Square Garden Sports by 21.2% during the second quarter. Schonfeld Strategic Advisors LLC now owns 7,021 shares of the company’s stock valued at $1,320,000 after acquiring an additional 1,227 shares during the last quarter. Marshall Wace LLP bought a new stake in Madison Square Garden Sports during the second quarter worth $4,362,000. Finally, Cerity Partners LLC boosted its position in Madison Square Garden Sports by 22.4% in the second quarter. Cerity Partners LLC now owns 1,557 shares of the company’s stock worth $293,000 after purchasing an additional 285 shares during the last quarter. 66.26% of the stock is owned by institutional investors.

Madison Square Garden Sports Company Profile

(Get Free Report)

Madison Square Garden Sports Corp. operates as a professional sports company. 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.