Madison Square Garden Sports Corp. (NYSE:MSGS – Get Free Report) insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $189.92, for a total transaction of $6,044,204.00. Following the completion of the sale, the insider now directly owns 5,097 shares of the company’s stock, valued at $968,022.24. The trade was a 86.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Madison Square Garden Sports Stock Performance
Shares of NYSE:MSGS opened at $188.89 on Friday. Madison Square Garden Sports Corp. has a 52 week low of $178.35 and a 52 week high of $237.99. The company has a market capitalization of $4.54 billion, a PE ratio of 79.70 and a beta of 0.91. The company has a 50 day moving average price of $208.64 and a two-hundred day moving average price of $215.29.
Madison Square Garden Sports (NYSE:MSGS – Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). The company had revenue of $357.80 million during the quarter, compared to analyst estimates of $352.68 million. Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 EPS. On average, sell-side analysts forecast that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Separately, Macquarie upped their target price on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th.
View Our Latest Analysis on Madison Square Garden Sports
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.
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