Legal & General Group Plc decreased its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,592 shares of the company's stock after selling 2,023 shares during the period. Legal & General Group Plc owned about 0.19% of Madison Square Garden Sports worth $10,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in MSGS. Allworth Financial LP lifted its holdings in 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 in the last quarter. Fifth Third Bancorp raised its position in shares of Madison Square Garden Sports by 119.0% during the 4th quarter. Fifth Third Bancorp now owns 138 shares of the company's stock worth $31,000 after purchasing an additional 75 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in Madison Square Garden Sports in the 4th quarter valued at about $43,000. Versant Capital Management Inc boosted its holdings in Madison Square Garden Sports by 35.3% in the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company's stock worth $53,000 after buying an additional 61 shares during the last quarter. Finally, Headlands Technologies LLC boosted its holdings in Madison Square Garden Sports by 1,016.7% in the 4th quarter. Headlands Technologies LLC now owns 268 shares of the company's stock worth $60,000 after buying an additional 244 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company's stock.
Insider Activity
In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of Madison Square Garden Sports 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 transaction, the insider now owns 5,097 shares in the company, valued at $968,022.24. The trade was a 86.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 22.10% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Macquarie raised their target price on Madison Square Garden Sports from $240.00 to $250.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th.
View Our Latest Report on Madison Square Garden Sports
Madison Square Garden Sports Stock Up 1.4 %
Shares of MSGS opened at $191.52 on Friday. The firm's fifty day moving average is $195.93 and its two-hundred day moving average is $212.53. The stock has a market cap of $4.60 billion, a PE ratio of 80.81 and a beta of 0.81. Madison Square Garden Sports Corp. has a 52-week low of $173.26 and a 52-week high of $237.99.
Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). The business had revenue of $357.80 million for the quarter, compared to analysts' expectations of $352.68 million. Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The firm's revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. As a group, research analysts anticipate that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.
Madison Square Garden Sports Company Profile
(
Free Report)
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.
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