Gilder Gagnon Howe & Co. LLC decreased its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 15.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 85,242 shares of the company's stock after selling 15,245 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 0.36% of Madison Square Garden Sports worth $19,237,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in MSGS. Barclays PLC lifted its position in Madison Square Garden Sports by 8.4% during the 3rd quarter. Barclays PLC now owns 14,668 shares of the company's stock valued at $3,056,000 after acquiring an additional 1,131 shares during the period. Sanctuary Advisors LLC bought a new position in Madison Square Garden Sports in the 3rd quarter worth about $264,000. Franklin Resources Inc. grew its position in Madison Square Garden Sports by 1.3% during the 3rd quarter. Franklin Resources Inc. now owns 99,847 shares of the company's stock valued at $21,706,000 after purchasing an additional 1,326 shares during the last quarter. Inspire Trust Co. N.A. grew its holdings in shares of Madison Square Garden Sports by 18.6% during the third quarter. Inspire Trust Co. N.A. now owns 7,000 shares of the company's stock valued at $1,458,000 after buying an additional 1,100 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in Madison Square Garden Sports by 35.3% in the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company's stock worth $53,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company's stock.
Insider Buying and Selling at Madison Square Garden Sports
In other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $189.92, for a total transaction of $6,044,204.00. Following the completion of the sale, the insider now directly owns 5,097 shares in the company, valued at approximately $968,022.24. The trade was a 86.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 22.10% of the company's stock.
Madison Square Garden Sports Stock Performance
Shares of MSGS traded down $1.84 during mid-day trading on Tuesday, hitting $193.56. 157,027 shares of the stock were exchanged, compared to its average volume of 112,967. Madison Square Garden Sports Corp. has a 52-week low of $173.26 and a 52-week high of $237.99. The company has a market cap of $4.65 billion, a PE ratio of 81.67 and a beta of 0.81. The firm has a 50-day moving average of $193.30 and a two-hundred day moving average of $211.36.
Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). The company 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 company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 EPS. On average, sell-side analysts predict that Madison Square Garden Sports Corp. will post 0.73 EPS for the current year.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on MSGS shares. Macquarie boosted their price objective on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Susquehanna initiated coverage on shares of Madison Square Garden Sports in a research report on Monday. They set a "positive" rating and a $254.00 price target for the company.
Read Our Latest Stock Analysis on MSGS
About Madison Square Garden Sports
(
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. 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.
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