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

Crossmark Global Holdings Inc. boosted its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 35.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,510 shares of the company’s stock after acquiring an additional 393 shares during the period. Crossmark Global Holdings Inc.’s holdings in Madison Square Garden Sports were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MSGS. EverSource Wealth Advisors LLC increased its holdings in shares of Madison Square Garden Sports by 80.6% in the 1st 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% in the second quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock worth $49,000 after acquiring an additional 169 shares in the last quarter. Blue Trust Inc. increased its stake in Madison Square Garden Sports by 326.5% during the third quarter. Blue Trust Inc. now owns 418 shares of the company’s stock worth $87,000 after acquiring an additional 320 shares during the last quarter. Dnca Finance purchased a new stake in Madison Square Garden Sports during the second quarter valued at approximately $113,000. Finally, EntryPoint Capital LLC purchased a new stake in Madison Square Garden Sports during the 1st quarter valued at $116,000. 68.94% of the stock is currently owned by institutional investors.

Insider Transactions at Madison Square Garden Sports

In other Madison Square Garden Sports news, CEO James Lawrence Dolan sold 629 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.30, for a total transaction of $131,649.70. Following the completion of the sale, the chief executive officer now directly owns 10,192 shares of the company’s stock, valued at approximately $2,133,185.60. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 22.10% of the company’s stock.

Madison Square Garden Sports Trading Down 1.7 %

Shares of NYSE:MSGS opened at $218.86 on Monday. The firm’s 50-day moving average is $215.00 and its 200 day moving average is $201.04. Madison Square Garden Sports Corp. has a 12 month low of $166.26 and a 12 month high of $230.69. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 75.21 and a beta of 0.92.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings data 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 company 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) EPS. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. As a group, equities analysts forecast that Madison Square Garden Sports Corp. will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Macquarie lifted 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 research note 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.