In yesterday’s Wall Street session, Madison Square Garden Sports Corp. (NYSE:MSGS) shares traded at $147.92, down -0.80% from the previous session.
6 analysts cover Madison Square Garden Sports Corp. (NYSE:MSGS), according to research data. The consensus rating among analysts is ‘Buy’. MSGS stock price is now 1.01% away from the 50-day moving average and -3.83% away from the 200-day moving average. The market capitalization of the company currently stands at $3.60B.
The stock has received a hold rating from 1 analysts and a buy rating from 5.
On December 15, 2021, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $230 to quote $200, while ‘Barclays’ rates the stock as ‘Overweight’.
In other news, Lustgarten Andrew, President & CEO bought 6,000 shares of the company’s stock on Mar 04. The stock was bought for $996,000 at an average price of $166.00. Upon completion of the transaction, the President & CEO now directly owns 6,000 shares in the company, valued at $0.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29, Director Cohen Joseph bought 102 shares of the business’s stock. A total of $17,881 was incurred on buying the stock at an average price of $175.30. This leaves the insider owning 611 shares of the company worth $90379.12. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MSGS stock. A new stake in Madison Square Garden Sports Corp. shares was purchased by CANTOR FITZGERALD, L. P. during the first quarter worth $5,460,000. MAN GROUP PLC invested $5,278,000 in shares of MSGS during the first quarter. In the first quarter, LEVERAGE PARTNERS ABSOLUTE RETURN FUND SPC acquired a new stake in Madison Square Garden Sports Corp. valued at approximately $2,958,000. CONCENTRIC CAPITAL STRATEGIES, LP acquired a new stake in MSGS for approximately $2,533,000. CIBC WORLD MARKETS CORP purchased a new stake in MSGS valued at around $1,627,000 in the second quarter. In total, there are 347 active investors with 79.70% ownership of the company’s stock.
On Tuesday morning Madison Square Garden Sports Corp. (NYSE: MSGS) stock kicked off with the opening price of $150.09. During the past 12 months, Madison Square Garden Sports Corp. has had a low of $130.49 and a high of $186.87. The fifty day moving average price for MSGS is $150.18 and a two-hundred day moving average price translates $160.24 for the stock.
The latest earnings results from Madison Square Garden Sports Corp. (NYSE: MSGS) was released for Sep, 2022. The net profit margin was 6.00% and return on equity was -27.90% for MSGS. The company reported revenue of $24.09 million for the quarter, compared to $18.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.17 percent.
Moreover, the firm recently paid out its quarterly dividend on 10/31/2022. Investors who held shares on 10/17/2022 were paid a $7.00 dividend.
Madison Square Garden Sports Corp.(MSGS) Company Profile
Madison Square Garden Sports Corp. operates as a professional sports company. 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. It also owns Knicks Gaming, an esports franchise that competes in the NBA 2K League, as well as a controlling interest in Counter Logic Gaming, a North American esports organization. In addition, the company operates two professional sports team performance centers, the Madison Square Garden Training Center in Greenburgh and the CLG Performance Center in Los Angeles. The company was formerly known as The Madison Square Garden Company. Madison Square Garden Sports Corp. was incorporated in 2015 and is based in New York, New York.