Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 0.5% during the fourth quarter, HoldingsChannel reports. The fund owned 12,021 shares of the company’s stock after selling 57 shares during the quarter. State of Alaska Department of Revenue’s holdings in Madison Square Garden Sports were worth $2,712,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in Madison Square Garden Sports by 119.0% during the 4th quarter. Fifth Third Bancorp now owns 138 shares of the company’s stock worth $31,000 after purchasing an additional 75 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of Madison Square Garden Sports in the fourth quarter valued at approximately $43,000. Venturi Wealth Management LLC grew its holdings in Madison Square Garden Sports by 31.2% during the third quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock worth $46,000 after acquiring an additional 53 shares during the period. Versant Capital Management Inc raised its position in Madison Square Garden Sports by 35.3% in the fourth quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock worth $53,000 after acquiring an additional 61 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings 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 acquiring an additional 320 shares during the period. 68.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Macquarie raised their price objective on shares of Madison Square Garden Sports from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th.

Madison Square Garden Sports Stock Down 2.4 %

NYSE:MSGS opened at $205.35 on Monday. The company has a market capitalization of $4.92 billion, a PE ratio of 86.64 and a beta of 0.91. Madison Square Garden Sports Corp. has a 52-week low of $178.35 and a 52-week high of $237.99. The stock has a fifty day simple moving average of $221.69 and a 200-day simple moving average of $215.05.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $352.68 million. During the same period last year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities analysts anticipate that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current 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.