Madison Square Garden Sports Corp. Class A Common Stock (New) (MSGS)

NetworkNewsWire Editorial Coverage : The sports industry is undergoing significant transformation, driven by shifts in ownership models, global branding strategies, and increasing investment in community-focused initiatives. Multi-club ownership, a rising trend in professional football (soccer), is gaining attention as organizations seek to optimize resources, develop talent, and expand market reach. Simultaneously, major players in sportswear and event management are realigning priorities to capture evolving consumer demands and enhance operational efficiency. These dynamics are creating opportunities for companies across the sector, from football clubs to global brands. Organizations such as Manchester United PLC (NYSEMANU), Nike Inc. NYSE: NKENYSENKE)(NYSE: UANYSEUA , and Madison Square Garden Sports Corp. (NYSE: MSGSNYSE) are leveraging strategic investments, innovative branding, and organizational restructuring to strengthen their positions. In this context, one emerging player, Brera Holdings PLC (NASDAQ: BREABREA) , is making waves with its unique…

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GREENWICH, Conn., June 03, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 16th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 6, 2024. The symposium will feature discussions with leading companies and organizations across the media ecosystem, with an emphasis on industry dynamics, current trends, and business fundamentals, as well as Sports Investing and Advertising Panels. Attendees will also have the opportunity to meet with management in a one-on-one setting. For those who cannot attend in person, the symposium will also be available via webcast. Investors should contact their relationship person for more information or click on the link below to register.

A relatively low P/E ratio and growth opportunities from the Endeavor merger are the main reasons why the Street sees gains ahead for WWE shareholders

GREENWICH, Conn., May 28, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 16th Annual Media & Entertainment Symposium at the Harvard Club in New York City on Thursday, June 6, 2024. The symposium will feature discussions with leading companies and organizations across the media ecosystem, with an emphasis on industry dynamics, current trends, and business fundamentals, as well as Sports Investing and Advertising Panels. Attendees will also have the opportunity to meet with management in a one-on-one setting. For those who cannot attend in person, the symposium will also be available via webcast. Investors should contact their relationship person for more information or click on the link below to register.

MSG Sports, owner of the New York Knicks and New York Rangers, seems undervalued when compared to the values of the individual teams.

Shares of Madison Square Garden Sports Corp. (NYSEMSGS) traded at a new 52-week high today and are currently trading at $203.06. So far today, approximately 54,718 shares have been exchanged, as compared to an average 30-day volume of 122.75k shares.

Shares of Madison Square Garden Sports Corp. (NYSEMSGS) traded at a new 52-week high today and are currently trading at $197.19. So far today, approximately 20,455 shares have been exchanged, as compared to an average 30-day volume of 123.44k shares.

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Madison Square Garden Sports Corp. (NYSEMSGS) (MSG Sports) and Madison Square Garden Entertainment Corp. NYSE: MSGENYSEMSGE)

Madison Square Garden Sports Corp. (NYSEMSGS) today reported financial results for the fiscal first quarter ended September 30, 2022.

Madison Square Garden Sports Corp. (NYSEMSGS) will issue a press release on Thursday, October 27, 2022 before the market opens, reporting results for its fiscal first quarter ended September 30, 2022.

Madison Square Garden Sports Corp. (NYSEMSGS) announced today a multi-year marketing partnership with Piece of Cake Moving & Storage, naming New York’s fastest growing and highest rated moving company, the first ever Official Moving and Storage Partner of the New York Knicks.

Madison Square Garden Sports Corp. (NYSEMSGS) (MSG Sports), Madison Square Garden Entertainment Corp. NYSE: MSGENYSEMSGE)

Madison Square Garden Sports Corp. (NYSEMSGS) announced today a multi-year marketing partnership with Manhattan West, naming New York City’s newest dynamic destination for food, culture, retail and hospitality an Official Partner of the New York Knicks.

Madison Square Garden Sports Corp. (“MSG Sports”) (NYSEMSGS) today announced its Board of Directors has declared a special, one-time cash dividend of approximately $175 million, or $7.00 per share. The special dividend is payable on October 31, 2022 to MSG Sports shareholders of record on October 17, 2022. In addition, the Company’s Board of Directors has authorized a $75 million accelerated share repurchase (ASR) program, which the Company believes is prudent given the current trading price of its common stock relative to the intrinsic value of the Company’s professional sports teams. The return of value authorized by the Board through these actions totals approximately $250 million.

Madison Square Garden Sports Corp. (NYSEMSGS) (“MSG Sports”) today announced that Andrew Lustgarten, MSG Sports’ President and Chief Executive Officer, is stepping down from his position at the end of the calendar year, and will join MSG Sports’ Board of Directors, effective January 1, 2023. In addition, the Company announced that David Hopkinson, who joined MSG Sports in 2020 as Executive Vice President MSG Sports, President of Team Business Operations, has been named President and Chief Operating Officer, effective immediately.

Sports entertainment and media company World Wrestling Entertainment (NYSEWWE) stock hit two-year highs in August and is up 35% on the year.

Madison Square Garden Sports Corp. (NYSEMSGS) today reported financial results for the fourth quarter and fiscal year ended June 30, 2022.

Madison Square Garden Sports Corp. (NYSEMSGS) will host a conference call to discuss results for its fourth quarter and fiscal year ended June 30, 2022 on Thursday, August 18, 2022 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening.

Madison Square Garden Sports Corp. (NYSEMSGS) today reported financial results for the fiscal third quarter ended March 31, 2022.

Madison Square Garden Sports Corp. (NYSEMSGS) will host a conference call to discuss results for its fiscal third quarter ended March 31, 2022 on Thursday, May 5, 2022 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening.

Madison Square Garden Sports Corp. (NYSEMSGS) today announced Maker’s Mark has become an Official Marketing Sponsor of the New York Knicks.

Madison Square Garden Sports Corp. (NYSEMSGS) announced today a multi-year marketing partnership with Evolve IP, naming the leading international service provider of Work Anywhere™ solutions, an Official Partner of the New York Rangers.