Madison Square Garden Sports Corp. (NYSE:MSGS) Holdings Raised by Blue Trust Inc.

Blue Trust Inc. boosted its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 326.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 418 shares of the company’s stock after buying an additional 320 shares during the period. Blue Trust Inc.’s holdings in Madison Square Garden Sports were worth $87,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Madison Square Garden Sports by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,939,705 shares of the company’s stock worth $357,914,000 after acquiring an additional 12,813 shares during the period. Ariel Investments LLC boosted its position in shares of Madison Square Garden Sports by 3.5% during the 2nd quarter. Ariel Investments LLC now owns 970,156 shares of the company’s stock valued at $182,515,000 after purchasing an additional 33,031 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Madison Square Garden Sports by 3.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 594,169 shares of the company’s stock worth $109,636,000 after purchasing an additional 21,149 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Madison Square Garden Sports by 0.4% in the 2nd quarter. Gabelli Funds LLC now owns 415,288 shares of the company’s stock worth $78,128,000 after purchasing an additional 1,488 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in Madison Square Garden Sports by 1,231.8% during the second quarter. Point72 Asset Management L.P. now owns 246,374 shares of the company’s stock valued at $46,350,000 after purchasing an additional 227,874 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Macquarie dropped their price target 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 Stock Up 0.3 %

Shares of NYSE MSGS opened at $222.88 on Wednesday. Madison Square Garden Sports Corp. has a 12 month low of $165.65 and a 12 month high of $223.86. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 91.72 and a beta of 0.93. The business has a fifty day simple moving average of $210.96 and a 200-day simple moving average of $197.45.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.73. The company had revenue of $227.25 million during the quarter, compared to analyst estimates 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 in the prior year, the firm earned ($0.39) earnings per share. As a group, sell-side analysts expect that Madison Square Garden Sports Corp. will post 1.42 EPS for the current fiscal year.

Insider Buying and Selling at Madison Square Garden Sports

In other news, CEO James Lawrence Dolan sold 629 shares of the firm’s stock in a transaction 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 $2,133,185.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 22.10% of the company’s stock.

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.