Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Bought by Creative Planning

Creative Planning boosted its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 2.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,542 shares of the company’s stock after purchasing an additional 61 shares during the period. Creative Planning’s holdings in Madison Square Garden Sports were worth $529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of MSGS. Norden Group LLC acquired a new position in shares of Madison Square Garden Sports in the first quarter worth about $555,000. FORA Capital LLC acquired a new position in shares of Madison Square Garden Sports in the first quarter worth about $361,000. Texas Permanent School Fund Corp raised its position in shares of Madison Square Garden Sports by 1.5% in the first quarter. Texas Permanent School Fund Corp now owns 14,614 shares of the company’s stock worth $2,697,000 after acquiring an additional 222 shares during the period. Duality Advisers LP acquired a new position in shares of Madison Square Garden Sports in the first quarter worth about $690,000. Finally, Swiss National Bank raised its position in shares of Madison Square Garden Sports by 0.3% in the first quarter. Swiss National Bank now owns 30,633 shares of the company’s stock worth $5,652,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 68.94% of the company’s stock.

Insider Transactions at Madison Square Garden Sports

In related news, CEO James Lawrence Dolan sold 629 shares of the company’s stock in a transaction dated 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 owns 10,192 shares of the company’s stock, valued at approximately $2,133,185.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 22.10% of the company’s stock.

Analysts Set New Price Targets

Separately, Macquarie upped their price objective on shares of Madison Square Garden Sports from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday.

Madison Square Garden Sports Stock Up 0.9 %

MSGS stock opened at $217.86 on Wednesday. The stock has a market capitalization of $5.22 billion, a P/E ratio of 74.87 and a beta of 0.92. The firm has a 50-day simple moving average of $211.97 and a 200-day simple moving average of $198.59. Madison Square Garden Sports Corp. has a 52 week low of $166.26 and a 52 week high of $227.66.

Madison Square Garden Sports (NYSE:MSGS) last released its earnings results on Friday, November 1st. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.55. The business had revenue of $53.31 million during the quarter, compared to analysts’ expectations of $43.71 million. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The company’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.79) earnings per share. On average, analysts expect that Madison Square Garden Sports Corp. will post 1.42 earnings per share 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 development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.