Madison Square Garden Sports Corp. (NYSE:MSGS) Stock Holdings Increased by Exchange Traded Concepts LLC


Exchange Traded Concepts LLC increased its stake in Madison Square Garden Sports Corp. (NYSE: MSGSFree report) by 206.2% during the fourth quarter, Holdings channel reports. The firm owned 9,610 shares of the company’s stock after acquiring an additional 6,472 shares during the period. Exchange Traded Concepts LLC’s holdings in Madison Square Garden Sports were worth $1,747,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. West Tower Group LLC bought a new stake in shares of Madison Square Garden Sports in the 2nd quarter valued at about $27,000. Tower Research Capital LLC TRC boosted its holdings in shares of Madison Square Garden Sports by 738.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 176 shares of the company’s stock worth $34,000 after buying an additional 155 shares in the last quarter. State of Wyoming acquired a new stake in shares of Madison Square Garden Sports during the fourth quarter valued at approximately $34,000. Harbor Investments Inc. raised its stake in shares of Madison Square Garden Sports by 42.9% during the first quarter. Harbor Investments Inc. now owns 233 shares of the company’s stock valued at $45,000 after purchasing an additional 70 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of Madison Square Garden Sports during the second quarter valued at approximately $49,000. 73.51% of the shares are currently owned by institutional investors.

The price of Madison Square Garden sports

The actions of MSGS opened at $182.54 on Friday. Madison Square Garden Sports Corp. it has a 52-week low of $164.79 and a 52-week high of $215.79. The company’s 50-day simple moving average is $186.80 and its 200-day simple moving average is $178.72. The company has a market cap of $4.37 billion, a P/E ratio of 114.81 and a beta of 0.95.

Madison Square Garden SportsNYSE: MSGSGet a free report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.22. Madison Square Garden Sports had a net margin of 4.38% and a negative return on equity of 11.27%. The business had revenue of $326.90 million for the quarter, compared to analyst estimates of $325.86 million. During the same quarter in the previous year, the business earned $0.84 earnings per share. The company’s revenues fell by 7.6% compared to the same quarter last year. Sell-side analysts predict that Madison Square Garden Sports Corp. will post 2.11 EPS for the current fiscal year.

Insider Activities

In related news, Chairman James Lawrence Dolan sold 8,236 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $190.25, for a total transaction of $1,566,899.00. Following the transaction, the chairman now directly owns 221,586 shares of the company’s stock, valued at $42,156,736.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In related news, COO David G. Hopkinson sold 937 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $192.21, for a total transaction of $180,100.77. Following the transaction, the chief operating officer now directly owns 2,385 shares of the company’s stock, valued at $458,420.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, Chairman James Lawrence Dolan sold 8,236 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $190.25, for a total transaction of $1,566,899.00. Following the transaction, the chairman now directly owns 221,586 shares in the company, valued at $42,156,736.50. The disclosure for this sale can be found here. Insiders have sold 46,176 shares of company stock worth $8,661,793 over the last 90 days. 22.28% of the shares are owned by company insiders.

Madison Square Garden Sports Company Profile

(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. His other professional franchises include two developmental league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.

See also

Want to see what other hedge funds are holding MSGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Madison Square Garden Sports Corp. (NYSE: MSGSFree report).

Institutional ownership by quarter for Madison Square Garden Sports (NYSE:MSGS)



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