Atria Wealth Solutions Inc. Sells 70 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Atria Wealth Solutions Inc. decreased its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,650 shares of the company’s stock after selling 70 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Madison Square Garden Sports were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MSGS. NBC Securities Inc. purchased a new position in Madison Square Garden Sports during the third quarter valued at $62,000. DekaBank Deutsche Girozentrale bought a new position in shares of Madison Square Garden Sports during the 3rd quarter valued at approximately $102,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Madison Square Garden Sports by 418.9% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,100 shares of the company’s stock worth $194,000 after acquiring an additional 888 shares in the last quarter. Cerity Partners LLC bought a new stake in Madison Square Garden Sports during the 4th quarter worth approximately $206,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Madison Square Garden Sports by 7.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,152 shares of the company’s stock valued at $203,000 after purchasing an additional 81 shares in the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.

Madison Square Garden Sports Price Performance

Shares of NYSE MSGS opened at $190.76 on Thursday. The stock has a market cap of $4.57 billion, a PE ratio of 192.78 and a beta of 0.92. Madison Square Garden Sports Corp. has a 1 year low of $164.79 and a 1 year high of $215.79. The firm has a fifty day moving average price of $184.36 and a 200-day moving average price of $180.67.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $2.78 by ($1.21). Madison Square Garden Sports had a net margin of 2.59% and a negative return on equity of 7.23%. The business had revenue of $430.00 million during the quarter, compared to analysts’ expectations of $420.76 million. During the same quarter in the previous year, the firm earned $2.18 earnings per share. Madison Square Garden Sports’s revenue was up 12.4% on a year-over-year basis. On average, research analysts expect that Madison Square Garden Sports Corp. will post 2.11 EPS for the current year.

Insider Buying and Selling at Madison Square Garden Sports

In related news, Chairman James Lawrence Dolan sold 18,000 shares of the stock in a transaction 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 owns 164,583 shares in the company, valued at approximately $30,592,688.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 45,239 shares of company stock worth $8,481,692 in the last quarter. 22.28% of the stock is owned by corporate insiders.

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 two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.