Blue Trust Inc. Has $87,000 Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Blue Trust Inc. raised its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 326.5% in the third quarter, Holdings Channel reports. The firm owned 418 shares of the company’s stock after buying an additional 320 shares during the period. Blue Trust Inc.’s holdings in Madison Square Garden Sports were worth $87,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Madison Square Garden Sports by 80.6% during the first quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock valued at $42,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Madison Square Garden Sports by 179.8% in the 2nd quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $49,000 after purchasing an additional 169 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Madison Square Garden Sports by 312.4% in the 1st quarter. Quent Capital LLC now owns 565 shares of the company’s stock valued at $104,000 after purchasing an additional 428 shares during the last quarter. BNP Paribas bought a new stake in Madison Square Garden Sports in the first quarter worth $111,000. Finally, Dnca Finance acquired a new position in Madison Square Garden Sports during the second quarter worth $113,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Macquarie decreased their price target on Madison Square Garden Sports from $240.00 to $235.00 and set an “outperform” rating for the company in a research note on Friday, August 16th.

Madison Square Garden Sports Stock Up 0.3 %

Shares of MSGS stock opened at $222.88 on Wednesday. Madison Square Garden Sports Corp. has a 12 month low of $165.65 and a 12 month high of $223.86. The company has a market cap of $5.34 billion, a PE ratio of 91.72 and a beta of 0.93. The business’s 50 day moving average is $210.96 and its two-hundred day moving average is $197.45.

Madison Square Garden Sports (NYSE:MSGS) last posted its earnings results on Tuesday, August 13th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.73. The business had revenue of $227.25 million for the quarter, compared to analyst estimates of $167.71 million. Madison Square Garden Sports had a net margin of 5.72% and a negative return on equity of 18.69%. Madison Square Garden Sports’s revenue was up 79.1% compared to the same quarter last year. During the same period last year, the business posted ($0.39) EPS. As a group, equities analysts expect that Madison Square Garden Sports Corp. will post 1.42 EPS for the current fiscal year.

Insider Activity

In other news, CEO James Lawrence Dolan sold 629 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.30, for a total transaction of $131,649.70. Following the completion of the transaction, the chief executive officer now directly owns 10,192 shares in the company, valued at $2,133,185.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.10% of the stock is currently owned by company insiders.

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