Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,021 shares of the company’s stock after selling 57 shares during the period. State of Alaska Department of Revenue owned 0.05% of Madison Square Garden Sports worth $2,712,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in shares of Madison Square Garden Sports by 119.0% during the 4th quarter. Fifth Third Bancorp now owns 138 shares of the company’s stock worth $31,000 after acquiring an additional 75 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Madison Square Garden Sports in the fourth quarter valued at approximately $43,000. Venturi Wealth Management LLC increased its stake in Madison Square Garden Sports by 31.2% in the third quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock valued at $46,000 after purchasing an additional 53 shares during the last quarter. Versant Capital Management Inc raised its holdings in Madison Square Garden Sports by 35.3% during the fourth quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock worth $53,000 after purchasing an additional 61 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Madison Square Garden Sports by 326.5% during the 3rd quarter. Blue Trust Inc. now owns 418 shares of the company’s stock worth $87,000 after buying an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Analyst Ratings Changes

Separately, Macquarie increased 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 report on Tuesday, November 5th.

Madison Square Garden Sports Stock Performance

MSGS opened at $205.35 on Monday. Madison Square Garden Sports Corp. has a one year low of $178.35 and a one year high of $237.99. The stock has a market capitalization of $4.92 billion, a P/E ratio of 86.64 and a beta of 0.91. The business’s 50-day simple moving average is $221.69 and its 200-day simple moving average is $215.05.

Madison Square Garden Sports (NYSE:MSGS) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $357.80 million for the quarter, compared to analyst estimates of $352.68 million. Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $0.59 EPS. On average, equities research analysts forecast that Madison Square Garden Sports Corp. will post 0.73 EPS for the current fiscal 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.