Raymond James & Associates Purchases 61 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Raymond James & Associates raised its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,131 shares of the company’s stock after purchasing an additional 61 shares during the quarter. Raymond James & Associates’ holdings in Madison Square Garden Sports were worth $1,660,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. bought a new position in shares of Madison Square Garden Sports during the 4th quarter valued at approximately $60,500,000. Norges Bank bought a new position in shares of Madison Square Garden Sports during the 4th quarter valued at approximately $47,578,000. Vanguard Group Inc. grew its stake in shares of Madison Square Garden Sports by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,867,989 shares of the company’s stock valued at $329,326,000 after acquiring an additional 130,745 shares during the period. Dendur Capital LP bought a new position in shares of Madison Square Garden Sports during the 3rd quarter valued at approximately $22,302,000. Finally, Nomura Holdings Inc. grew its stake in shares of Madison Square Garden Sports by 62.5% during the 1st quarter. Nomura Holdings Inc. now owns 302,300 shares of the company’s stock valued at $58,903,000 after acquiring an additional 116,300 shares during the period. 68.94% of the stock is currently owned by institutional investors.

Madison Square Garden Sports Trading Up 0.2 %

Shares of NYSE:MSGS opened at $179.27 on Friday. The stock has a 50 day moving average of $185.52 and a 200 day moving average of $179.80. Madison Square Garden Sports Corp. has a 12-month low of $164.79 and a 12-month high of $215.79. The company has a market cap of $4.29 billion, a PE ratio of 112.75 and a beta of 0.94.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.22. Madison Square Garden Sports had a negative return on equity of 11.27% and a net margin of 4.38%. The company had revenue of $326.90 million for the quarter, compared to analysts’ expectations of $325.86 million. During the same period in the previous year, the firm earned $0.84 EPS. The firm’s revenue was down 7.6% compared to the same quarter last year. Equities research analysts predict that Madison Square Garden Sports Corp. will post 2.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman James Lawrence Dolan sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $185.88, for a total transaction of $3,345,840.00. Following the sale, the chairman now directly owns 164,583 shares of the company’s stock, valued at approximately $30,592,688.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO David G. Hopkinson sold 937 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $192.21, for a total transaction of $180,100.77. Following the sale, the chief operating officer now owns 2,385 shares in the company, valued at approximately $458,420.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman James Lawrence Dolan sold 18,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $185.88, for a total value of $3,345,840.00. Following the sale, the chairman now owns 164,583 shares in the company, valued at approximately $30,592,688.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,176 shares of company stock valued at $8,661,793. Corporate insiders own 22.28% 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 two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.