Pullen Investment Management LLC Has $1.06 Million Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Pullen Investment Management LLC grew its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 15.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,084 shares of the company’s stock after buying an additional 665 shares during the period. Pullen Investment Management LLC’s holdings in Madison Square Garden Sports were worth $1,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew 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 valued at $42,000 after buying an additional 100 shares during the period. GAMMA Investing LLC lifted its position in Madison Square Garden Sports by 179.8% in the 2nd quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock valued at $49,000 after acquiring an additional 169 shares in the last quarter. Blue Trust Inc. lifted its position 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 acquiring an additional 320 shares in the last quarter. Quent Capital LLC lifted its position in Madison Square Garden Sports by 312.4% in the 1st quarter. Quent Capital LLC now owns 565 shares of the company’s stock valued at $104,000 after acquiring an additional 428 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Madison Square Garden Sports in the 3rd quarter valued at $119,000. Institutional investors and hedge funds own 68.94% of the company’s stock.

Madison Square Garden Sports Trading Up 1.0 %

MSGS opened at $220.01 on Friday. The stock has a market capitalization of $5.27 billion, a P/E ratio of 224.50 and a beta of 0.93. Madison Square Garden Sports Corp. has a 12 month low of $164.79 and a 12 month high of $221.50. The firm’s fifty day simple moving average is $210.35 and its 200 day simple moving average is $196.79.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.33 by $0.73. Madison Square Garden Sports had a net margin of 5.72% and a negative return on equity of 18.69%. The firm had revenue of $227.25 million for the quarter, compared to analysts’ expectations of $167.71 million. During the same period in the previous year, the firm posted ($0.39) EPS. The company’s revenue for the quarter was up 79.1% on a year-over-year basis. On average, equities research analysts predict that Madison Square Garden Sports Corp. will post 1.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Madison Square Garden Sports news, CEO James Lawrence Dolan sold 629 shares of the business’s 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 sale, the chief executive officer now directly owns 10,192 shares of the company’s stock, valued at $2,133,185.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Macquarie cut their price objective on shares of Madison Square Garden Sports from $240.00 to $235.00 and set an “outperform” rating on the stock in a research report on Friday, August 16th.

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.