Janney Montgomery Scott LLC Sells 250 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Janney Montgomery Scott LLC cut its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGSFree Report) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,537 shares of the company’s stock after selling 250 shares during the period. Janney Montgomery Scott LLC’s holdings in Madison Square Garden Sports were worth $1,007,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of Madison Square Garden Sports during the 3rd quarter valued at approximately $62,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Madison Square Garden Sports during the third quarter worth $102,000. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Madison Square Garden Sports by 418.9% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,100 shares of the company’s stock worth $194,000 after buying an additional 888 shares in the last quarter. Cerity Partners LLC bought a new position in shares of Madison Square Garden Sports in the 4th quarter valued at $206,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings 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 acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Down 0.1 %

Shares of MSGS opened at $182.98 on Friday. The stock has a market cap of $4.38 billion, a PE ratio of 186.71 and a beta of 0.92. Madison Square Garden Sports Corp. has a 12-month low of $164.79 and a 12-month high of $215.79. The business has a 50-day simple moving average of $184.68 and a two-hundred day simple moving average of $182.48.

Madison Square Garden Sports (NYSE:MSGSGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($1.21). Madison Square Garden Sports had a net margin of 2.59% and a negative return on equity of 7.23%. The firm had revenue of $430.00 million during the quarter, compared to analyst estimates of $420.76 million. During the same period in the prior year, the company earned $2.18 EPS. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts expect that Madison Square Garden Sports Corp. will post 1.91 EPS for the current year.

Insider Activity

In related news, Chairman James Lawrence Dolan sold 18,000 shares of the 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 completion of the sale, the chairman now directly owns 164,583 shares in the company, valued at $30,592,688.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 22.28% of the company’s stock.

Madison Square Garden Sports Company Profile

(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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Institutional Ownership by Quarter for Madison Square Garden Sports (NYSE:MSGS)

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