Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in Madison Square Garden Sports Corp. (NYSE:MSGSGet Rating) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,833 shares of the company’s stock after selling 100 shares during the quarter. Swiss National Bank’s holdings in Madison Square Garden Sports were worth $5,260,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. SeaCrest Wealth Management LLC purchased a new position in shares of Madison Square Garden Sports in the 2nd quarter valued at about $27,000. Bank of Nova Scotia purchased a new position in shares of Madison Square Garden Sports in the 2nd quarter valued at about $2,265,000. Y Intercept Hong Kong Ltd boosted its stake in shares of Madison Square Garden Sports by 92.7% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 2,441 shares of the company’s stock valued at $369,000 after buying an additional 1,174 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Madison Square Garden Sports by 33.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,226 shares of the company’s stock valued at $789,000 after buying an additional 1,318 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Madison Square Garden Sports by 15.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 8,015 shares of the company’s stock valued at $1,210,000 after buying an additional 1,068 shares during the period. 63.91% of the stock is owned by institutional investors and hedge funds.

Madison Square Garden Sports Stock Performance

Shares of MSGS opened at $153.75 on Friday. The stock has a 50-day simple moving average of $149.09 and a 200-day simple moving average of $154.45. The stock has a market capitalization of $3.74 billion, a PE ratio of 75.74 and a beta of 0.94. Madison Square Garden Sports Corp. has a 1 year low of $136.61 and a 1 year high of $182.78.

Madison Square Garden Sports (NYSE:MSGSGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported ($0.73) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.02) by $0.29. The business had revenue of $24.09 million during the quarter, compared to analysts’ expectations of $20.68 million. Madison Square Garden Sports had a negative return on equity of 28.22% and a net margin of 6.01%. Analysts predict that Madison Square Garden Sports Corp. will post 1.7 EPS for the current year.

Madison Square Garden Sports Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were paid a dividend of $7.00 per share. This represents a yield of 4.48%. The ex-dividend date was Friday, October 14th.

Madison Square Garden Sports Company Profile

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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.

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Institutional Ownership by Quarter for Madison Square Garden Sports (NYSE:MSGS)

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