From MarketBeat:

SG Americas Securities LLC saw a massive increase in its holdings in Madison Square Garden Sports Corp. during the 3rd quarter. The firm now owns 12,360 shares of the company’s stock, worth $2,179,000, after acquiring an additional 11,683 shares. Institutional investors own 73.51% of the company’s stock.

Madison Square Garden Sports opened at $181.48 on Thursday, with a 12-month low of $164.79 and a high of $215.79. The company has a market cap of $4.34 billion, a P/E ratio of 98.63, and a beta of 0.89.

In the 3rd quarter, Madison Square Garden Sports reported ($0.79) EPS for the quarter, beating analysts’ consensus estimates of ($1.56) by $0.77. The company had a net margin of 5.16% and a negative return on equity of 13.23%. The business had revenue of $43.05 million during the quarter.

Madison Square Garden Sports Corp. operates as a professional sports company in the U.S. It owns and operates the New York Knickerbockers of the NBA and the New York Rangers of the NHL. The company’s other professional franchises include two development league teams, the Hartford Wolf Pack of the AHL and the Westchester Knicks of the NBA G League.

Madison Square Garden Sports is rated as a “hold” among analysts despite its financial performance. However, top-rated analysts have identified five other stocks as better buys.



Read more: SG Americas Securities LLC Acquires 11,683 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)