Victory Capital Management Inc. Sells 22,724 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Victory Capital Management Inc. decreased its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 28.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 58,072 shares of the company's stock after selling 22,724 shares during the period. Victory Capital Management Inc. owned 0.24% of Madison Square Garden Sports worth $12,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Madison Square Garden Sports by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,939,705 shares of the company's stock valued at $357,914,000 after acquiring an additional 12,813 shares during the last quarter. Ariel Investments LLC lifted its stake in Madison Square Garden Sports by 3.5% during the second quarter. Ariel Investments LLC now owns 970,156 shares of the company's stock worth $182,515,000 after purchasing an additional 33,031 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Madison Square Garden Sports by 3.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 594,169 shares of the company's stock worth $109,636,000 after purchasing an additional 21,149 shares in the last quarter. Gabelli Funds LLC lifted its position in Madison Square Garden Sports by 0.4% in the 2nd quarter. Gabelli Funds LLC now owns 415,288 shares of the company's stock worth $78,128,000 after buying an additional 1,488 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Madison Square Garden Sports by 1,231.8% in the second quarter. Point72 Asset Management L.P. now owns 246,374 shares of the company's stock worth $46,350,000 after buying an additional 227,874 shares in the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Madison Square Garden Sports

In other Madison Square Garden Sports news, CEO James Lawrence Dolan sold 629 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.30, for a total value of $131,649.70. Following the transaction, the chief executive officer now directly owns 10,192 shares in the company, valued at approximately $2,133,185.60. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.10% of the stock is owned by corporate insiders.

Madison Square Garden Sports Price Performance

Shares of MSGS opened at $224.24 on Thursday. Madison Square Garden Sports Corp. has a one year low of $166.26 and a one year high of $230.69. The firm has a market capitalization of $5.37 billion, a PE ratio of 77.06 and a beta of 0.92. The company has a 50-day simple moving average of $216.18 and a two-hundred day simple moving average of $201.71.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.86) by $0.55. The business had revenue of $53.31 million for the quarter, compared to analysts' expectations of $43.71 million. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. The firm's quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.79) EPS. Analysts expect that Madison Square Garden Sports Corp. will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Macquarie lifted their price objective on Madison Square Garden Sports from $235.00 to $240.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th.

About Madison Square Garden Sports

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.