Madison Square Garden

MSGS

Market cap $9.34B

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Sports Corp. (“MSG Sports”) Executive Chairman and CEO James L. Dolan announced today that Quentin Dolan has been named President, Chief Operating Officer, and Alternate Governor of the New York Rangers, effective immediately. Quentin Dolan most recently served as Senior Vice President, Player Performance and Science Leader, an area he will continue to oversee for both the Rangers and Knicks organizations. As President, Chief Operating Officer, a.

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment”) and Madison Square Garden Sports Corp. (NYSE: MSGS) (“MSG Sports”) announced today an expanded, multi-year marketing partnership with Lexus, extending the luxury automaker's role as an Official Partner across MSG Entertainment's and MSG Sports' portfolio of premier sports and entertainment assets. Lexus remains the Official Luxury Auto Partner and Luxury Vehicle of Madison Square Garden, Radi.

The New York Knicks' first NBA championship in 53 years has put Madison Square Garden Sports Corp. (NYSE:MSGS) back in the spotlight, but one momentum-focused ETF says the market had begun recognizing the opportunity long before the franchise captured the title.

Madison Square Garden (MSGS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

For investors looking to benefit from the long-term value of the Knicks franchise, MSGS is the more direct investment opportunity, while MSGE may appeal to those who prefer a broader entertainment and venue-based business model.

Madison Square Garden Sports Corp. shares are up nearly 100% in the past year, nearing a record high.

John Rogers, Ariel Investments founder, chair, CIO and co-CEO, says MSG stocks have not reflected the value of the Knicks or the Rangers during an interview with Romaine Bostick and Katie Greifeld on "Bloomberg The Close." -------- More on Bloomberg Television and Markets Like this video?

Madison Square Garden Sports Corp. is upgraded to a speculative Buy as the Knicks near their first NBA championship since 1973. MSGS trades at a 17.7% discount to adjusted Forbes private market valuation, with potential for further upside if the Knicks win. A confidential SEC filing advances plans to split MSGS into separate Knicks and Rangers entities, potentially unlocking additional value.

The New York Knicks may have lost Game 3 of the NBA Finals, but they're still ahead by a game, and Wall Street has been cheering them on. Shares of Madison Square Garden Sports (MSGS), the parent company of the Knicks, have been on a rip since the team clinched a playoff spot in late March, soaring more than 20%.

The Knicks' historic playoff run has more than doubled the value of the parent company's stock, sending it to a new all-time high – and analysts are optimistic it could keep climbing after Game 3.