Eagle Asset Management Inc. Sells 592 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Eagle Asset Management Inc. lowered its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 8.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,070 shares of the company’s stock after selling 592 shares during the quarter. Eagle Asset Management Inc.’s holdings in Madison Square Garden Sports were worth $1,380,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 100 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Madison Square Garden Sports by 31.2% in the third quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock worth $46,000 after buying an additional 53 shares during the period. GAMMA Investing LLC lifted its stake in shares of 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. boosted 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 acquiring an additional 320 shares during the period. Finally, Dnca Finance bought a new position in Madison Square Garden Sports in the 2nd quarter valued at $113,000. 68.94% of the stock is owned by hedge funds and other institutional investors.

Madison Square Garden Sports Price Performance

Shares of MSGS stock opened at $229.42 on Tuesday. The company has a market capitalization of $5.49 billion, a P/E ratio of 78.84 and a beta of 0.92. The company’s 50-day simple moving average is $217.66 and its two-hundred day simple moving average is $202.65. Madison Square Garden Sports Corp. has a one year low of $166.26 and a one year high of $232.58.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings data on Friday, November 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.86) by $0.55. The company had revenue of $53.31 million for the quarter, compared to analysts’ expectations of $43.71 million. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. Madison Square Garden Sports’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.79) earnings per share. On average, research analysts expect that Madison Square Garden Sports Corp. will post 0.81 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Macquarie boosted their target price on shares of Madison Square Garden Sports from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th.

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.