Cerity Partners LLC Takes Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Cerity Partners LLC bought a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,132 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. NBC Securities Inc. bought a new position in shares of Madison Square Garden Sports in the 3rd quarter worth $62,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Madison Square Garden Sports during the third quarter worth about $102,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Madison Square Garden Sports by 418.9% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,100 shares of the company’s stock worth $194,000 after acquiring an additional 888 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Madison Square Garden Sports by 7.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,152 shares of the company’s stock valued at $203,000 after acquiring an additional 81 shares in the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new position in Madison Square Garden Sports during the 3rd quarter valued at about $212,000. 68.94% of the stock is owned by institutional investors.

Insider Activity

In other Madison Square Garden Sports news, COO David G. Hopkinson sold 937 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $192.21, for a total value of $180,100.77. Following the completion of the transaction, the chief operating officer now owns 2,385 shares in the company, valued at approximately $458,420.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Madison Square Garden Sports news, COO David G. Hopkinson sold 937 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $192.21, for a total transaction of $180,100.77. Following the completion of the transaction, the chief operating officer now directly owns 2,385 shares of the company’s stock, valued at $458,420.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman James Lawrence Dolan sold 19,003 shares of Madison Square Garden Sports stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $187.81, for a total value of $3,568,953.43. Following the completion of the sale, the chairman now directly owns 182,583 shares of the company’s stock, valued at approximately $34,290,913.23. The disclosure for this sale can be found here. Insiders sold a total of 46,176 shares of company stock valued at $8,661,793 over the last three months. Corporate insiders own 22.28% of the company’s stock.

Madison Square Garden Sports Stock Up 0.6 %

Shares of Madison Square Garden Sports stock opened at $187.96 on Tuesday. Madison Square Garden Sports Corp. has a 52 week low of $164.79 and a 52 week high of $215.79. The business has a 50 day moving average price of $184.74 and a 200-day moving average price of $180.30. The company has a market cap of $4.50 billion, a PE ratio of 118.21 and a beta of 0.94.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.22. Madison Square Garden Sports had a negative return on equity of 11.27% and a net margin of 4.38%. The business had revenue of $326.90 million for the quarter, compared to analysts’ expectations of $325.86 million. During the same period last year, the business earned $0.84 EPS. The business’s revenue was down 7.6% on a year-over-year basis. As a group, research analysts anticipate that Madison Square Garden Sports Corp. will post 2.11 EPS for the current year.

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