Clearbridge Investments LLC Has $144.62 Million Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Clearbridge Investments LLC reduced its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 640,834 shares of the company's stock after selling 74,159 shares during the quarter. Clearbridge Investments LLC owned 2.68% of Madison Square Garden Sports worth $144,623,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP increased its position in shares of Madison Square Garden Sports by 81.4% during the fourth quarter. Allworth Financial LP now owns 127 shares of the company's stock valued at $28,000 after purchasing an additional 57 shares during the period. Versant Capital Management Inc boosted its stake in Madison Square Garden Sports by 35.3% during the fourth quarter. Versant Capital Management Inc now owns 234 shares of the company's stock worth $53,000 after buying an additional 61 shares in the last quarter. Fifth Third Bancorp increased its holdings in Madison Square Garden Sports by 119.0% in the 4th quarter. Fifth Third Bancorp now owns 138 shares of the company's stock valued at $31,000 after buying an additional 75 shares during the period. Xponance Inc. raised its stake in shares of Madison Square Garden Sports by 8.4% in the 4th quarter. Xponance Inc. now owns 1,105 shares of the company's stock valued at $249,000 after buying an additional 86 shares in the last quarter. Finally, Insight Inv LLC lifted its holdings in shares of Madison Square Garden Sports by 1.5% during the 3rd quarter. Insight Inv LLC now owns 6,665 shares of the company's stock worth $1,388,000 after acquiring an additional 100 shares during the period. 68.94% of the stock is owned by institutional investors.

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Insider Transactions at Madison Square Garden Sports

In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $189.92, for a total transaction of $6,044,204.00. Following the sale, the insider now owns 5,097 shares in the company, valued at approximately $968,022.24. This represents a 86.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 22.10% of the company's stock.

Madison Square Garden Sports Price Performance

Shares of Madison Square Garden Sports stock traded down $7.74 during midday trading on Thursday, hitting $191.49. 54,825 shares of the company were exchanged, compared to its average volume of 108,932. The firm has a 50 day simple moving average of $203.54 and a 200-day simple moving average of $214.53. Madison Square Garden Sports Corp. has a 52 week low of $178.35 and a 52 week high of $237.99. The firm has a market cap of $4.60 billion, a P/E ratio of 80.66 and a beta of 0.91.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The firm had revenue of $357.80 million during the quarter, compared to the consensus estimate of $352.68 million. During the same period in the previous year, the company posted $0.59 EPS. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts expect that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Macquarie increased their price target on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th.

Madison Square Garden Sports Profile

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 development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.