1,132 Shares in Madison Square Garden Sports Corp. (NYSE:MSGS) Purchased by Cerity Partners LLC

Cerity Partners LLC acquired a new stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,132 shares of the company’s stock, valued at approximately $206,000.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Madison Square Garden Sports by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,867,989 shares of the company’s stock valued at $329,326,000 after acquiring an additional 130,745 shares in the last quarter. Dendur Capital LP acquired a new stake in shares of Madison Square Garden Sports during the third quarter worth $22,302,000. Principal Financial Group Inc. lifted its position in shares of Madison Square Garden Sports by 6,319.0% in the 3rd quarter. Principal Financial Group Inc. now owns 88,711 shares of the company’s stock worth $15,640,000 after buying an additional 87,329 shares during the last quarter. Rubric Capital Management LP acquired a new position in shares of Madison Square Garden Sports in the 3rd quarter valued at about $14,723,000. Finally, Bank of New York Mellon Corp grew its position in shares of Madison Square Garden Sports by 92.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 137,585 shares of the company’s stock valued at $24,256,000 after buying an additional 66,272 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Up 0.6 %

Shares of NYSE MSGS opened at $187.96 on Tuesday. The firm’s 50-day moving average price is $184.74 and its two-hundred day moving average price is $180.30. Madison Square Garden Sports Corp. has a 52-week low of $164.79 and a 52-week high of $215.79. The stock has a market capitalization of $4.50 billion, a P/E ratio of 118.21 and a beta of 0.94.

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, beating analysts’ consensus estimates of $0.37 by $0.22. Madison Square Garden Sports had a negative return on equity of 11.27% and a net margin of 4.38%. The business had revenue of $326.90 million during the quarter, compared to analyst estimates of $325.86 million. During the same quarter in the previous year, the firm posted $0.84 EPS. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, equities research analysts expect that Madison Square Garden Sports Corp. will post 2.11 earnings per share for the current year.

Insider Buying and Selling at Madison Square Garden Sports

In related news, COO David G. Hopkinson sold 937 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $192.21, for a total value of $180,100.77. Following the completion of the transaction, the chief operating officer now owns 2,385 shares in the company, valued at approximately $458,420.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO David G. Hopkinson sold 937 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $192.21, for a total value of $180,100.77. Following the sale, the chief operating officer now owns 2,385 shares of the company’s stock, valued at approximately $458,420.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman James Lawrence Dolan sold 19,003 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $187.81, for a total value of $3,568,953.43. Following the completion of the sale, the chairman now owns 182,583 shares of the company’s stock, valued at approximately $34,290,913.23. The disclosure for this sale can be found here. Insiders have sold 46,176 shares of company stock valued at $8,661,793 in the last quarter. Corporate insiders own 22.28% of the company’s stock.

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