Mcdonald Partners LLC Lowers Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Mcdonald Partners LLC lessened its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 8.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,434 shares of the company’s stock after selling 309 shares during the quarter. Mcdonald Partners LLC’s holdings in Madison Square Garden Sports were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MSGS. Creative Planning boosted its holdings in Madison Square Garden Sports by 2.5% in the 3rd quarter. Creative Planning now owns 2,542 shares of the company’s stock valued at $529,000 after purchasing an additional 61 shares in the last quarter. Blue Trust Inc. boosted its holdings in Madison Square Garden Sports by 326.5% in the 3rd quarter. Blue Trust Inc. now owns 418 shares of the company’s stock valued at $87,000 after purchasing an additional 320 shares in the last quarter. Argent Capital Management LLC boosted its holdings in Madison Square Garden Sports by 15.0% in the 3rd quarter. Argent Capital Management LLC now owns 2,172 shares of the company’s stock valued at $452,000 after purchasing an additional 283 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Madison Square Garden Sports in the 3rd quarter valued at approximately $119,000. Finally, Pullen Investment Management LLC boosted its holdings in Madison Square Garden Sports by 15.0% in the 3rd quarter. Pullen Investment Management LLC now owns 5,084 shares of the company’s stock valued at $1,059,000 after purchasing an additional 665 shares in the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Trading Up 0.3 %

MSGS stock opened at $211.70 on Tuesday. The firm has a 50 day moving average of $219.34 and a 200-day moving average of $215.62. Madison Square Garden Sports Corp. has a 12-month low of $178.35 and a 12-month high of $237.99. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 89.32 and a beta of 0.91.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $357.80 million for the quarter, compared to analyst estimates of $352.68 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. Madison Square Garden Sports’s revenue was up 9.5% on a year-over-year basis. Sell-side analysts forecast that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Madison Square Garden Sports 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.