Crossmark Global Holdings Inc. Purchases 393 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Crossmark Global Holdings Inc. increased its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 35.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,510 shares of the company’s stock after purchasing an additional 393 shares during the period. Crossmark Global Holdings Inc.’s holdings in Madison Square Garden Sports were worth $314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of Madison Square Garden Sports in the second quarter worth about $1,427,000. OFI Invest Asset Management bought a new stake in Madison Square Garden Sports in the second quarter valued at $831,000. Harbor Capital Advisors Inc. increased its position in Madison Square Garden Sports by 75.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 68,632 shares of the company’s stock valued at $14,293,000 after purchasing an additional 29,445 shares during the period. Point72 DIFC Ltd purchased a new stake in Madison Square Garden Sports in the second quarter worth about $543,000. Finally, Swiss National Bank raised its holdings in Madison Square Garden Sports by 0.3% in the first quarter. Swiss National Bank now owns 30,633 shares of the company’s stock worth $5,652,000 after purchasing an additional 100 shares in the last quarter. 68.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at Madison Square Garden Sports

In related news, CEO James Lawrence Dolan sold 629 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.30, for a total value of $131,649.70. Following the transaction, the chief executive officer now directly owns 10,192 shares of the company’s stock, valued at approximately $2,133,185.60. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 22.10% of the company’s stock.

Madison Square Garden Sports Trading Down 1.7 %

Shares of MSGS opened at $218.86 on Monday. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 75.21 and a beta of 0.92. Madison Square Garden Sports Corp. has a 12 month low of $166.26 and a 12 month high of $230.69. The business’s fifty day simple moving average is $215.00 and its two-hundred day simple moving average is $201.04.

Madison Square Garden Sports (NYSE:MSGS) last announced 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. The firm had revenue of $53.31 million during the quarter, compared to analyst estimates of $43.71 million. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.79) earnings per share. As a group, research analysts forecast that Madison Square Garden Sports Corp. will post 0.81 EPS 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.