Commonwealth Equity Services LLC Has $347,000 Stock Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Commonwealth Equity Services LLC lessened its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,843 shares of the company’s stock after selling 65 shares during the period. Commonwealth Equity Services LLC’s holdings in Madison Square Garden Sports were worth $347,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in Madison Square Garden Sports by 80.6% during the first quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC grew its holdings in Madison Square Garden Sports by 179.8% in the 2nd quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $49,000 after buying an additional 169 shares during the last quarter. Cape Investment Advisory Inc. grew its stake in shares of Madison Square Garden Sports by 400.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 500 shares of the company’s stock worth $91,000 after acquiring an additional 400 shares during the last quarter. Quent Capital LLC increased its position in 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 acquiring an additional 428 shares during the period. Finally, BNP Paribas acquired a new position in Madison Square Garden Sports during the 1st quarter valued at $111,000. 68.94% of the stock is currently owned by institutional investors.

Madison Square Garden Sports Stock Down 0.4 %

Shares of MSGS opened at $206.10 on Tuesday. The stock’s 50-day moving average price is $201.80 and its 200 day moving average price is $191.68. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 210.31 and a beta of 0.94. Madison Square Garden Sports Corp. has a 12-month low of $164.79 and a 12-month high of $213.26.

Madison Square Garden Sports (NYSE:MSGS) last issued its earnings results on Tuesday, August 13th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.73. Madison Square Garden Sports had a negative return on equity of 18.69% and a net margin of 5.72%. The business had revenue of $227.25 million during the quarter, compared to analyst estimates of $167.71 million. During the same period in the prior year, the company posted ($0.39) earnings per share. Madison Square Garden Sports’s revenue was up 79.1% on a year-over-year basis. Equities research analysts expect that Madison Square Garden Sports Corp. will post 1.39 EPS for the current year.

Analyst Upgrades and Downgrades

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

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 value of $131,649.70. Following the sale, the chief executive officer now owns 10,192 shares of the company’s stock, valued at $2,133,185.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 22.28% of the stock is owned by insiders.

Madison Square Garden Sports 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.