19,609 Shares in Madison Square Garden Sports Corp. (NYSE:MSGS) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 19,609 shares of the company's stock, valued at approximately $4,425,000. Raymond James Financial Inc. owned 0.08% of Madison Square Garden Sports at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MSGS. Empirical Asset Management LLC bought a new position in Madison Square Garden Sports during the fourth quarter worth $26,120,000. Tabor Asset Management LP acquired a new stake in shares of Madison Square Garden Sports during the 3rd quarter worth about $5,558,000. Jacobs Levy Equity Management Inc. boosted 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 worth $5,644,000 after buying an additional 22,772 shares during the period. Miracle Mile Advisors LLC acquired a new position in Madison Square Garden Sports in the 4th quarter valued at about $4,153,000. Finally, Proficio Capital Partners LLC bought a new position in Madison Square Garden Sports in the 4th quarter valued at about $3,413,000. 68.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Macquarie boosted their price objective on Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th.

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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 firm's stock in a transaction 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 transaction, the insider now owns 5,097 shares in the company, valued at $968,022.24. This trade represents a 86.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 22.10% of the company's stock.

Madison Square Garden Sports Price Performance

MSGS traded down $3.52 during trading on Friday, hitting $195.18. The stock had a trading volume of 191,569 shares, compared to its average volume of 108,795. The company has a 50 day moving average price of $204.81 and a 200-day moving average price of $214.66. Madison Square Garden Sports Corp. has a one year low of $178.35 and a one year high of $237.99. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 82.35 and a beta of 0.91.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its earnings results 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). Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The business had revenue of $357.80 million during the quarter, compared to the consensus estimate of $352.68 million. During the same period in the previous year, the firm posted $0.59 EPS. The company's revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts predict that Madison Square Garden Sports Corp. will post 0.73 EPS for the current fiscal year.

Madison Square Garden Sports Company 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 development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.