Madison Square Garden (MSGS)

• Market cap: $5.41B
• 1 day: 0.70%
• 5 days: -3.80%
• 1 month: 0.47%
• 3 months: 8.85%
• 6 months: 20.20%
• Year to date: 24.61%
• 1 year: 27.87%
• 5 years: 23.52%
• 10 years: 39.29%
• Sector: Consumer Discretionary
• Industry: Miscellaneous Amusement & Recreation

About: Madison Square Garden Sports Corp owns and operates a portfolio of assets featuring some of the recognized sports teams, including the Knicks of the NBA and the Rangers of the NHL. It generates revenue from several sources: ticket sales and a portion of suite rental fees at The Garden and others. It has one operating and reportable segment and one reporting unit for goodwill impairment testing purposes.

Employees: 983

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

48% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 33

5% more funds holding

Funds holding: 304 [Q2] → 320 (+16) [Q3]

5% more capital invested

Capital invested by funds: $3.23B [Q2] → $3.39B (+$167M) [Q3]

4.34% less ownership

Funds ownership: 88.3% [Q2] → 83.96% (-4.34%) [Q3]

10% less repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 105

11% less call options, than puts

Call options by funds: $27.3M | Put options by funds: $30.6M

38% less funds holding in top 10

Funds holding in top 10: 13 [Q2] → 8 (-5) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $240 7% upside
• Avg. target: $240 7% upside
• High target: $240 7% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Macquarie Paul Golding 80% 1-year accuracy 36 / 45 met price target

7% upside $240

Outperform Maintained

6 Nov 2024