Vanguard Group Inc. Has $329.33 Million Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Vanguard Group Inc. grew its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 7.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,867,989 shares of the company’s stock after buying an additional 130,745 shares during the quarter. Vanguard Group Inc. owned 7.82% of Madison Square Garden Sports worth $329,326,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Madison Square Garden Sports in the 3rd quarter valued at approximately $1,049,000. Wellington Management Group LLP increased its position in Madison Square Garden Sports by 61.8% during the 3rd quarter. Wellington Management Group LLP now owns 44,851 shares of the company’s stock worth $7,907,000 after purchasing an additional 17,139 shares in the last quarter. American Century Companies Inc. increased its position in Madison Square Garden Sports by 111.7% during the 3rd quarter. American Century Companies Inc. now owns 5,565 shares of the company’s stock worth $981,000 after purchasing an additional 2,936 shares in the last quarter. Public Sector Pension Investment Board acquired a new position in Madison Square Garden Sports during the 3rd quarter worth approximately $3,629,000. Finally, Comerica Bank increased its position in Madison Square Garden Sports by 2.0% during the 3rd quarter. Comerica Bank now owns 7,873 shares of the company’s stock worth $1,388,000 after purchasing an additional 153 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Madison Square Garden Sports Price Performance

MSGS stock opened at $184.78 on Thursday. The company has a 50 day simple moving average of $187.17 and a 200 day simple moving average of $179.24. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 116.21 and a beta of 0.95. Madison Square Garden Sports Corp. has a 1 year low of $164.79 and a 1 year high of $215.79.

Madison Square Garden Sports (NYSE:MSGS) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.22. The business had revenue of $326.90 million during the quarter, compared to analysts’ expectations of $325.86 million. Madison Square Garden Sports had a net margin of 4.38% and a negative return on equity of 11.27%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 EPS. On average, equities research analysts anticipate that Madison Square Garden Sports Corp. will post 2.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Madison Square Garden Sports news, COO David G. Hopkinson sold 937 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $192.21, for a total transaction of $180,100.77. Following the sale, the chief operating officer now directly owns 2,385 shares of the company’s stock, valued at approximately $458,420.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Madison Square Garden Sports news, Chairman James Lawrence Dolan sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $185.88, for a total transaction of $3,345,840.00. Following the sale, the chairman now directly owns 164,583 shares of the company’s stock, valued at approximately $30,592,688.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David G. Hopkinson sold 937 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $192.21, for a total transaction of $180,100.77. Following the sale, the chief operating officer now directly owns 2,385 shares in the company, valued at $458,420.85. The disclosure for this sale can be found here. Insiders sold a total of 46,176 shares of company stock worth $8,661,793 in the last three months. 22.28% of the stock is owned by corporate insiders.

Madison Square Garden Sports Company 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 two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.