Park Avenue Securities LLC Buys 642 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Park Avenue Securities LLC raised its stake in Madison Square Garden Sports Corp. (NYSE:MSGSFree Report) by 19.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,924 shares of the company’s stock after buying an additional 642 shares during the period. Park Avenue Securities LLC’s holdings in Madison Square Garden Sports were worth $817,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in Madison Square Garden Sports by 80.6% in the first quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock valued at $42,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Madison Square Garden Sports by 179.8% during the second quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock worth $49,000 after buying an additional 169 shares during the period. Quent Capital LLC increased its position in shares of Madison Square Garden Sports by 312.4% during the first quarter. Quent Capital LLC now owns 565 shares of the company’s stock worth $104,000 after buying an additional 428 shares during the period. BNP Paribas bought a new position in Madison Square Garden Sports during the first quarter worth $111,000. Finally, Dnca Finance acquired a new position in Madison Square Garden Sports in the second quarter valued at $113,000. Institutional investors and hedge funds own 68.94% of the company’s stock.

Insider Buying and Selling

In other Madison Square Garden Sports news, CEO James Lawrence Dolan sold 629 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.30, for a total value of $131,649.70. Following the completion of the sale, the chief executive officer now owns 10,192 shares of the company’s stock, valued at approximately $2,133,185.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 22.28% of the stock is owned by company insiders.

Madison Square Garden Sports Stock Down 0.3 %

Shares of MSGS stock opened at $214.63 on Thursday. The firm has a 50 day moving average of $204.87 and a 200-day moving average of $193.92. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 219.01 and a beta of 0.93. Madison Square Garden Sports Corp. has a 52 week low of $164.79 and a 52 week high of $217.32.

Madison Square Garden Sports (NYSE:MSGSGet Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 5.72% and a negative return on equity of 18.69%. The business’s quarterly revenue was up 79.1% on a year-over-year basis. During the same period last year, the company posted ($0.39) earnings per share. Analysts anticipate that Madison Square Garden Sports Corp. will post 1.39 earnings per share for the current year.

Analyst Ratings Changes

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

Read Our Latest Analysis on MSGS

About Madison Square Garden Sports

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

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

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