EverSource Wealth Advisors LLC Sells 68 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

EverSource Wealth Advisors LLC decreased its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 30.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 156 shares of the company’s stock after selling 68 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Madison Square Garden Sports were worth $31,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in Madison Square Garden Sports by 9.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 171,864 shares of the company’s stock worth $31,250,000 after acquiring an additional 14,741 shares during the last quarter. Stifel Financial Corp raised its holdings in Madison Square Garden Sports by 18.3% in the 4th quarter. Stifel Financial Corp now owns 29,097 shares of the company’s stock worth $5,291,000 after acquiring an additional 4,501 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Madison Square Garden Sports by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 8,245 shares of the company’s stock worth $1,499,000 after purchasing an additional 80 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in Madison Square Garden Sports during the 4th quarter valued at about $452,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in Madison Square Garden Sports by 3.7% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 6,378 shares of the company’s stock worth $1,160,000 after purchasing an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Insider Activity

In other news, CEO James Lawrence Dolan sold 629 shares of the business’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 sale, the chief executive officer now owns 10,192 shares in the company, valued at $2,133,185.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 22.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Macquarie dropped their price objective on shares of 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 Stock Down 0.1 %

Shares of MSGS stock opened at $208.05 on Friday. The stock has a market cap of $4.98 billion, a P/E ratio of 212.30 and a beta of 0.94. The company’s fifty day simple moving average is $202.57 and its two-hundred day simple moving average is $192.25. Madison Square Garden Sports Corp. has a 52 week low of $164.79 and a 52 week high of $213.26.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings data 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 company had revenue of $227.25 million during the quarter, compared to analysts’ expectations of $167.71 million. Madison Square Garden Sports had a negative return on equity of 18.69% and a net margin of 5.72%. Madison Square Garden Sports’s revenue was up 79.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.39) EPS. On average, analysts anticipate that Madison Square Garden Sports Corp. will post 1.39 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.