Point72 DIFC Ltd Takes Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Point72 DIFC Ltd acquired a new stake in Madison Square Garden Sports Corp. (NYSE:MSGS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,884 shares of the company’s stock, valued at approximately $543,000.

Several other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Madison Square Garden Sports by 9.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 171,864 shares of the company’s stock valued at $31,250,000 after purchasing an additional 14,741 shares during the last quarter. Norges Bank bought a new stake in shares of Madison Square Garden Sports during the 4th quarter worth $35,002,000. SageView Advisory Group LLC acquired a new position in shares of Madison Square Garden Sports in the 4th quarter worth $253,000. Stifel Financial Corp raised its position in shares of Madison Square Garden Sports by 18.3% during the fourth quarter. Stifel Financial Corp now owns 29,097 shares of the company’s stock worth $5,291,000 after purchasing an additional 4,501 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Madison Square Garden Sports by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 8,245 shares of the company’s stock valued at $1,499,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Performance

Shares of NYSE:MSGS opened at $206.21 on Thursday. Madison Square Garden Sports Corp. has a 52 week low of $164.79 and a 52 week high of $213.26. The company has a market cap of $4.94 billion, a PE ratio of 210.42 and a beta of 0.94. The firm has a 50 day simple moving average of $201.95 and a 200 day simple moving average of $191.83.

Madison Square Garden Sports (NYSE:MSGS) last issued its earnings results on Tuesday, August 13th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.33 by $0.73. The business had revenue of $227.25 million during the quarter, compared to analysts’ expectations of $167.71 million. Madison Square Garden Sports had a negative return on equity of 18.69% and a net margin of 5.72%. Madison Square Garden Sports’s revenue was up 79.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.39) earnings per share. On average, equities analysts predict that Madison Square Garden Sports Corp. will post 1.39 earnings per share for the current year.

Insider Buying and Selling at Madison Square Garden Sports

In related news, CEO James Lawrence Dolan sold 629 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.30, for a total transaction of $131,649.70. Following the completion of the sale, the chief executive officer now directly owns 10,192 shares in the company, valued at $2,133,185.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 22.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Macquarie cut their price objective on Madison Square Garden Sports from $240.00 to $235.00 and set an “outperform” rating on the stock in a report on Friday, August 16th.

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.