The price of Madison Square Garden Sports Corp. (NYSE:MSGS) shares last traded on Wall Street rose 0.24% to $212.75.
MSGS stock price is now 15.10% away from the 50-day moving average and 18.49% away from the 200-day moving average. The market capitalization of the company currently stands at $4.55B.
In other news, Hopkinson David G., President & COO sold 414 shares of the company’s stock on May 11. The stock was sold for $79,662 at an average price of $192.42. Upon completion of the transaction, the President & COO now directly owns 215 shares in the company, valued at $45741.25. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 10, President & COO Hopkinson David G. sold 344 shares of the business’s stock. A total of $65,000 was realized by selling the stock at an average price of $188.82. This leaves the insider owning 629 shares of the company worth $0.13 million. 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 MILLENNIUM MANAGEMENT LLC during the first quarter worth $28,305,000. NNS HOLDING invested $28,210,000 in shares of MSGS during the first quarter. In the first quarter, WOODSON CAPITAL MANAGEMENT, LP acquired a new stake in Madison Square Garden Sports Corp. valued at approximately $16,382,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in MSGS for approximately $9,426,000. ENGINEERS GATE MANAGER LP purchased a new stake in MSGS valued at around $7,076,000 in the second quarter. In total, there are 370 active investors with 81.50% ownership of the company’s stock.
A candlestick chart of Madison Square Garden Sports Corp. (NYSE: MSGS) showed a price of $212.25 on Monday morning. During the past 12 months, Madison Square Garden Sports Corp. has had a low of $130.49 and a high of $213.54. According to the stock market information, the enterprise value for the company is $6.16B, which is based on a 62.61 price-to-earnings ratio, a 3.70 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for MSGS is $185.37 and a two-hundred day moving average price translates $179.95 for the stock.
The latest earnings results from Madison Square Garden Sports Corp. (NYSE: MSGS) was released for Mar, 2023. According to the Entertainment Company, earnings per share came in at $2.18, beating analysts’ expectations of $1.75 by 0.43. This compares to $0.98 EPS in the same period last year. The net profit margin was 8.80% and return on equity was -31.50% for MSGS. The company reported revenue of $382.74 million for the quarter, compared to $337.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.31 percent. For the current quarter, analysts expect MSGS to generate $123.77M in revenue.
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.
