DekaBank Deutsche Girozentrale Takes $119,000 Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

DekaBank Deutsche Girozentrale acquired a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 577 shares of the company’s stock, valued at approximately $119,000.

Several other large investors have also bought and sold shares of MSGS. EverSource Wealth Advisors LLC lifted its holdings in shares of Madison Square Garden Sports by 80.6% in the first quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock worth $42,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC lifted its stake in 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. Blue Trust Inc. boosted its position in Madison Square Garden Sports by 326.5% in the third quarter. Blue Trust Inc. now owns 418 shares of the company’s stock valued at $87,000 after buying an additional 320 shares in the last quarter. BNP Paribas bought a new stake in shares of Madison Square Garden Sports during the first quarter worth $111,000. Finally, Dnca Finance acquired a new position in shares of Madison Square Garden Sports during the second quarter worth $113,000. 68.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Macquarie cut their price objective on Madison Square Garden Sports from $240.00 to $235.00 and set an “outperform” rating on the stock in a report on Friday, August 16th.

Madison Square Garden Sports Price Performance

Madison Square Garden Sports stock opened at $220.99 on Monday. The business has a 50 day moving average of $211.81 and a 200-day moving average of $198.34. Madison Square Garden Sports Corp. has a 1 year low of $166.26 and a 1 year high of $227.66. The company has a market capitalization of $5.29 billion, a P/E ratio of 75.94 and a beta of 0.92.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings results on Friday, November 1st. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.55. Madison Square Garden Sports had a net margin of 5.72% and a negative return on equity of 18.69%. The company had revenue of $53.31 million for the quarter, compared to analyst estimates of $43.71 million. During the same quarter in the previous year, the business earned ($0.79) earnings per share. Madison Square Garden Sports’s revenue was up 23.8% compared to the same quarter last year. Equities analysts anticipate that Madison Square Garden Sports Corp. will post 1.42 EPS for the current year.

Insiders Place Their Bets

In other news, CEO James Lawrence Dolan sold 629 shares of the firm’s stock in a transaction dated 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 22.10% of the company’s stock.

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