Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Purchased by LGT Capital Partners LTD.

LGT Capital Partners LTD. grew its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 27.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,000 shares of the company’s stock after purchasing an additional 7,500 shares during the quarter. LGT Capital Partners LTD.’s holdings in Madison Square Garden Sports were worth $6,364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of MSGS. Vanguard Group Inc. boosted its stake in Madison Square Garden Sports by 7.5% in the third 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. Ariel Investments LLC lifted its holdings in shares of Madison Square Garden Sports by 5.1% in the 1st quarter. Ariel Investments LLC now owns 1,122,903 shares of the company’s stock valued at $201,403,000 after purchasing an additional 54,891 shares during the last quarter. BlackRock Inc. boosted its position in shares of Madison Square Garden Sports by 1.0% in the 1st quarter. BlackRock Inc. now owns 777,860 shares of the company’s stock valued at $151,566,000 after purchasing an additional 7,364 shares during the period. Gamco Investors INC. ET AL increased its position in Madison Square Garden Sports by 0.7% during the first quarter. Gamco Investors INC. ET AL now owns 641,995 shares of the company’s stock worth $115,148,000 after buying an additional 4,297 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Madison Square Garden Sports by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 523,511 shares of the company’s stock valued at $102,007,000 after buying an additional 6,414 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman James Lawrence Dolan sold 8,236 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $190.25, for a total value of $1,566,899.00. Following the completion of the transaction, the chairman now directly owns 221,586 shares of the company’s stock, valued at approximately $42,156,736.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Madison Square Garden Sports news, Chairman James Lawrence Dolan sold 8,236 shares of Madison Square Garden Sports stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $190.25, for a total value of $1,566,899.00. Following the completion of the sale, the chairman now directly owns 221,586 shares of the company’s stock, valued at approximately $42,156,736.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $192.21, for a total transaction of $180,100.77. Following the completion of the sale, the chief operating officer now owns 2,385 shares of the company’s stock, valued at $458,420.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,176 shares of company stock worth $8,661,793. 22.28% of the stock is owned by insiders.

Madison Square Garden Sports Price Performance

Shares of Madison Square Garden Sports stock opened at $184.46 on Friday. Madison Square Garden Sports Corp. has a 12 month low of $164.79 and a 12 month high of $215.79. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 116.01 and a beta of 0.95. The firm’s fifty day simple moving average is $187.09 and its 200-day simple moving average is $179.27.

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

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.