Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by Blue Trust Inc.

Blue Trust Inc. cut its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 39.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 255 shares of the company’s stock after selling 163 shares during the quarter. Blue Trust Inc.’s holdings in Madison Square Garden Sports were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MSGS. Empirical Asset Management LLC bought a new position in Madison Square Garden Sports during the fourth quarter worth $26,120,000. Harbor Capital Advisors Inc. increased its holdings in shares of Madison Square Garden Sports by 75.1% in the third quarter. Harbor Capital Advisors Inc. now owns 68,632 shares of the company’s stock valued at $14,293,000 after buying an additional 29,445 shares in the last quarter. Tabor Asset Management LP purchased a new position in Madison Square Garden Sports in the 3rd quarter worth about $5,558,000. Algert Global LLC boosted its position in Madison Square Garden Sports by 535.4% during the 3rd quarter. Algert Global LLC now owns 31,459 shares of the company’s stock worth $6,552,000 after acquiring an additional 26,508 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Madison Square Garden Sports by 526.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 27,101 shares of the company’s stock valued at $5,644,000 after acquiring an additional 22,772 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Macquarie increased their price target on shares of Madison Square Garden Sports from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th.

Madison Square Garden Sports Stock Down 0.2 %

Shares of NYSE MSGS opened at $202.61 on Tuesday. Madison Square Garden Sports Corp. has a 12 month low of $178.35 and a 12 month high of $237.99. The business’s 50 day moving average is $216.51 and its two-hundred day moving average is $216.12. The company has a market cap of $4.86 billion, a P/E ratio of 85.49 and a beta of 0.91.

Madison Square Garden Sports (NYSE:MSGS) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The firm had revenue of $357.80 million for the quarter, compared to the consensus estimate of $352.68 million. Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Sell-side analysts expect that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

About Madison Square Garden Sports

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.