International Assets Investment Management LLC Buys Shares of 2,364 Madison Square Garden Sports Corp. (NYSE:MSGS)

International Assets Investment Management LLC bought a new stake in Madison Square Garden Sports Corp. (NYSE:MSGS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,364 shares of the company’s stock, valued at approximately $430,000.

Several other large investors also recently bought and sold shares of the company. Arizona State Retirement System grew its holdings in Madison Square Garden Sports by 1.4% in the third quarter. Arizona State Retirement System now owns 4,410 shares of the company’s stock valued at $777,000 after purchasing an additional 61 shares during the last quarter. Raymond James & Associates grew its holdings in Madison Square Garden Sports by 0.7% in the fourth quarter. Raymond James & Associates now owns 9,131 shares of the company’s stock valued at $1,660,000 after purchasing an additional 61 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Madison Square Garden Sports by 7.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,152 shares of the company’s stock valued at $203,000 after purchasing an additional 81 shares during the last quarter. EagleClaw Capital Managment LLC lifted its position in shares of Madison Square Garden Sports by 0.6% in the third quarter. EagleClaw Capital Managment LLC now owns 14,035 shares of the company’s stock valued at $2,474,000 after acquiring an additional 85 shares in the last quarter. Finally, Bank of Nova Scotia lifted its position in shares of Madison Square Garden Sports by 9.1% in the third quarter. Bank of Nova Scotia now owns 2,523 shares of the company’s stock valued at $445,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Insider Activity

In other news, COO David G. Hopkinson sold 937 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $192.21, for a total value of $180,100.77. Following the sale, the chief operating officer now directly owns 2,385 shares in the company, valued at $458,420.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO David G. Hopkinson sold 937 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $192.21, for a total transaction of $180,100.77. Following the transaction, the chief operating officer now directly owns 2,385 shares in the company, valued at $458,420.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman James Lawrence Dolan sold 19,003 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $187.81, for a total value of $3,568,953.43. Following the transaction, the chairman now owns 182,583 shares in the company, valued at $34,290,913.23. The disclosure for this sale can be found here. Insiders have sold 46,176 shares of company stock worth $8,661,793 over the last three months. 22.28% of the stock is currently owned by corporate insiders.

Madison Square Garden Sports Stock Up 0.7 %

Shares of NYSE:MSGS opened at $187.45 on Friday. Madison Square Garden Sports Corp. has a 52-week low of $164.79 and a 52-week high of $215.79. The stock’s fifty day simple moving average is $184.82 and its 200-day simple moving average is $180.13. The company has a market capitalization of $4.49 billion, a P/E ratio of 117.89 and a beta of 0.94.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.22. Madison Square Garden Sports had a negative return on equity of 11.27% and a net margin of 4.38%. The business had revenue of $326.90 million for the quarter, compared to the consensus estimate of $325.86 million. During the same period in the prior year, the business earned $0.84 earnings per share. The business’s revenue was down 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that Madison Square Garden Sports Corp. will post 2.11 earnings per share for the current 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 two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.