Venturi Wealth Management LLC Has $46,000 Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Venturi Wealth Management LLC grew its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 31.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 223 shares of the company’s stock after purchasing an additional 53 shares during the period. Venturi Wealth Management LLC’s holdings in Madison Square Garden Sports were worth $46,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MSGS. EverSource Wealth Advisors LLC grew its stake in Madison Square Garden Sports by 80.6% during the first quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock worth $42,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC grew its position in Madison Square Garden Sports by 179.8% during the 2nd quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock worth $49,000 after acquiring an additional 169 shares during the last quarter. Blue Trust Inc. increased its holdings in Madison Square Garden Sports by 326.5% during 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. Dnca Finance acquired a new stake in Madison Square Garden Sports during the 2nd quarter valued at $113,000. Finally, EntryPoint Capital LLC bought a new position in Madison Square Garden Sports in the 1st quarter valued at $116,000. Institutional investors own 68.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Macquarie increased their target price on 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 Activity

In related news, CEO James Lawrence Dolan sold 629 shares of the firm’s stock in a transaction dated 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 owns 10,192 shares in the company, valued at $2,133,185.60. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 22.10% of the company’s stock.

Madison Square Garden Sports Trading Down 1.7 %

MSGS opened at $218.86 on Friday. Madison Square Garden Sports Corp. has a 1-year low of $166.26 and a 1-year high of $230.69. The stock has a market capitalization of $5.24 billion, a PE ratio of 75.21 and a beta of 0.92. The firm has a 50-day moving average price of $215.00 and a two-hundred day moving average price of $200.83.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings results on Friday, November 1st. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.86) by $0.55. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The business had revenue of $53.31 million during the quarter, compared to analyst estimates of $43.71 million. During the same quarter last year, the business posted ($0.79) earnings per share. Madison Square Garden Sports’s revenue for the quarter was up 23.8% compared to the same quarter last year. On average, research analysts predict that Madison Square Garden Sports Corp. will post 0.81 EPS for the current year.

About Madison Square Garden Sports

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.