International Assets Investment Management LLC Buys Shares of 2,364 Madison Square Garden Sports Corp. (NYSE:MSGS)

International Assets Investment Management LLC purchased a new stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,364 shares of the company’s stock, valued at approximately $430,000.

Other hedge funds also recently modified their holdings of the company. NBC Securities Inc. acquired a new position in shares of Madison Square Garden Sports during the 3rd quarter valued at $62,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Madison Square Garden Sports during the 3rd quarter valued at $102,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of Madison Square Garden Sports by 418.9% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,100 shares of the company’s stock valued at $194,000 after purchasing an additional 888 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Madison Square Garden Sports by 7.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,152 shares of the company’s stock valued at $203,000 after purchasing an additional 81 shares during the period. Finally, Johnson Investment Counsel Inc. acquired a new position in shares of Madison Square Garden Sports during the 3rd quarter valued at $212,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman James Lawrence Dolan sold 18,000 shares of Madison Square Garden Sports stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $185.88, for a total value of $3,345,840.00. Following the transaction, the chairman now directly owns 164,583 shares in the company, valued at approximately $30,592,688.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman James Lawrence Dolan sold 18,000 shares of Madison Square Garden Sports stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $185.88, for a total transaction of $3,345,840.00. Following the transaction, the chairman now owns 164,583 shares in the company, valued at $30,592,688.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO David G. Hopkinson sold 937 shares of Madison Square Garden Sports stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $192.21, for a total value of $180,100.77. Following the transaction, the chief operating officer now owns 2,385 shares in the company, valued at approximately $458,420.85. The disclosure for this sale can be found here. Insiders have sold 46,176 shares of company stock worth $8,661,793 in the last three months. 22.28% of the stock is currently owned by insiders.

Madison Square Garden Sports Stock Performance

Shares of MSGS stock opened at $187.45 on Friday. The stock has a market cap of $4.49 billion, a PE ratio of 117.89 and a beta of 0.94. The business’s fifty day moving average is $184.82 and its 200-day moving average is $180.13. Madison Square Garden Sports Corp. has a 1 year low of $164.79 and a 1 year high of $215.79.

Madison Square Garden Sports (NYSE:MSGS) last issued its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.22. The business 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%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. Equities research analysts predict that Madison Square Garden Sports Corp. will post 2.11 earnings per share for the current year.

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