1 week Ago By Defense World Staff
JPMorgan Chase & Co. decreased its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS – Free Report) by 4.
1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 102,802 shares of the company’s stock after selling 4,399 shares during the period. JPMorgan Chase & Co.
owned approximately 0.43% of Madison Square Garden Sports worth $23,200,000 at the end of the most recent quarter. Several other hedge funds have also recently modified their holdings of MSGS.
Vanguard Group Inc. lifted its position in Madison Square Garden Sports by 1.8% during the 4th quarter.
Vanguard Group Inc. now owns 1,945,194 shares of the company’s stock worth $438,991,000 after acquiring an additional 33,641 shares during the period. State Street Corp lifted its holdings in shares of Madison Square Garden Sports by 1.
2% during the third quarter. State Street Corp now owns 549,108 shares of the company’s stock worth $114,357,000 after purchasing an additional 6,640 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Madison Square Garden Sports by 0.
7% during the third quarter. Geode Capital Management LLC now owns 273,222 shares of the company’s stock worth $56,916,000 after purchasing an additional 1,913 shares during the period. Empirical Asset Management LLC purchased a new stake in Madison Square Garden Sports in the fourth quarter valued at approximately $26,120,000.
Finally, Charles Schwab Investment Management Inc. increased its holdings in Madison Square Garden Sports by 3.3% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 115,530 shares of the company’s stock worth $26,073,000 after buying an additional 3,675 shares during the period. Institutional investors and hedge funds own 68.
94% of the company’s stock. Insider Transactions at Madison Square Garden SportsIn other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the stock in a transaction on Monday, March 10th.
The shares were sold at an average price of $189.92, for a total transaction of $6,044,204.00.
Following the transaction, the insider now directly owns 5,097 shares of the company’s stock, valued at $968,022.24. This trade represents a 86.
20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.
10% of the company’s stock. Madison Square Garden Sports Trading Up 7.0 %Shares of NYSE:MSGS opened at $187.
96 on Thursday. Madison Square Garden Sports Corp. has a 12-month low of $173.
26 and a 12-month high of $237.99. The business has a 50 day moving average of $198.
32 and a two-hundred day moving average of $213.28. The company has a market capitalization of $4.
51 billion, a PE ratio of 79.31 and a beta of 0.81.
Madison Square Garden Sports (NYSE:MSGS – Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.
30 by ($0.25). The firm had revenue of $357.
80 million for the quarter, compared to analysts’ expectations of $352.68 million. Madison Square Garden Sports had a net margin of 5.
33% and a negative return on equity of 20.50%. Madison Square Garden Sports’s revenue for the quarter was up 9.
5% compared to the same quarter last year. During the same period last year, the firm earned $0.59 earnings per share.
Equities research analysts predict that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.
Wall Street Analyst Weigh InSeparately, Macquarie increased their price target on Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th.
Get Our Latest Analysis on Madison Square Garden SportsAbout 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.Featured StoriesFive stocks we like better than Madison Square Garden SportsHow to Evaluate a Stock Before Buying Quantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreNatural Gas Prices Continue To Rally, These Stocks Should BenefitAre Tariffs Threatening Disney’s Comeback Story?Procter & Gamble (NYSE:PG) Pulls Back After Shaky GuidanceIs Alphabet a Generational Buying Opportunity at These Levels?.
