Madison Square Garden Sports Corp. (NYSE:MSGS) COO David G. Hopkinson Sells 937 Shares

Madison Square Garden Sports Corp. (NYSE:MSGSGet Free Report) COO David G. Hopkinson sold 937 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $192.21, for a total transaction of $180,100.77. Following the transaction, the chief operating officer now owns 2,385 shares in the company, valued at $458,420.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Madison Square Garden Sports Stock Performance

Shares of Madison Square Garden Sports stock opened at $191.56 on Tuesday. Madison Square Garden Sports Corp. has a 1 year low of $164.79 and a 1 year high of $215.79. The firm’s 50-day simple moving average is $181.36 and its 200-day simple moving average is $180.16. The firm has a market cap of $4.58 billion, a PE ratio of 120.48 and a beta of 0.96.

Madison Square Garden Sports (NYSE:MSGSGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.22. The firm had revenue of $326.90 million for the quarter, compared to analysts’ expectations of $325.86 million. Madison Square Garden Sports had a negative return on equity of 11.27% and a net margin of 4.38%. Madison Square Garden Sports’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. On average, equities analysts predict that Madison Square Garden Sports Corp. will post 2.11 earnings per share for the current year.

Hedge Funds Weigh In On Madison Square Garden Sports

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Madison Square Garden Sports by 7.5% during the third quarter. Vanguard Group Inc. now owns 1,867,989 shares of the company’s stock worth $329,326,000 after purchasing an additional 130,745 shares during the period. Ariel Investments LLC lifted its holdings in Madison Square Garden Sports by 5.1% in the first quarter. Ariel Investments LLC now owns 1,122,903 shares of the company’s stock worth $201,403,000 after acquiring an additional 54,891 shares during the last quarter. BlackRock Inc. lifted its holdings in Madison Square Garden Sports by 1.0% in the first quarter. BlackRock Inc. now owns 777,860 shares of the company’s stock worth $151,566,000 after acquiring an additional 7,364 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Madison Square Garden Sports by 0.7% during the first quarter. Gamco Investors INC. ET AL now owns 641,995 shares of the company’s stock valued at $115,148,000 after purchasing an additional 4,297 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Madison Square Garden Sports by 1.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 523,511 shares of the company’s stock worth $102,007,000 after purchasing an additional 6,414 shares during the period. Institutional investors and hedge funds own 73.51% of the company’s stock.

Madison Square Garden Sports Company Profile

(Get Free Report)

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

Further Reading

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