F. Dolan 2009 Revocabl Charles Sells 31,825 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS) Stock

Madison Square Garden Sports Corp. (NYSE:MSGS) insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $189.92, for a total value of $6,044,204.00. Following the completion of the transaction, the insider now directly owns 5,097 shares in the company, valued at approximately $968,022.24. The trade was a 86.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Madison Square Garden Sports Stock Up 0.4 %

Shares of MSGS opened at $188.57 on Thursday. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 79.57 and a beta of 0.91. Madison Square Garden Sports Corp. has a 52-week low of $178.35 and a 52-week high of $237.99. The business’s 50 day moving average is $210.08 and its two-hundred day moving average is $215.63.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $357.80 million for the quarter, compared to analyst estimates of $352.68 million. Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. On average, equities analysts expect that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Macquarie upped their target price on Madison Square Garden Sports from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th.

Institutional Investors Weigh In On Madison Square Garden Sports

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Capital Management LLC raised its position in shares of Madison Square Garden Sports by 0.5% during the 4th quarter. Advisors Capital Management LLC now owns 10,606 shares of the company’s stock valued at $2,394,000 after acquiring an additional 48 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Madison Square Garden Sports by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 8,172 shares of the company’s stock valued at $1,844,000 after acquiring an additional 50 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Madison Square Garden Sports by 31.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock valued at $46,000 after acquiring an additional 53 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Madison Square Garden Sports by 9.2% during the 4th quarter. Quadrant Capital Group LLC now owns 650 shares of the company’s stock valued at $147,000 after acquiring an additional 55 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Madison Square Garden Sports by 81.4% during the 4th quarter. Allworth Financial LP now owns 127 shares of the company’s stock valued at $28,000 after acquiring an additional 57 shares in the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

Madison Square Garden Sports Company Profile

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 development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.