State of Alaska Department of Revenue Sells 271 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

State of Alaska Department of Revenue cut its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,078 shares of the company’s stock after selling 271 shares during the quarter. State of Alaska Department of Revenue owned about 0.05% of Madison Square Garden Sports worth $2,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Madison Square Garden Sports by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,939,705 shares of the company’s stock worth $357,914,000 after buying an additional 12,813 shares in the last quarter. Ariel Investments LLC boosted its position in shares of Madison Square Garden Sports by 3.5% during the 2nd quarter. Ariel Investments LLC now owns 970,156 shares of the company’s stock valued at $182,515,000 after acquiring an additional 33,031 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Madison Square Garden Sports by 3.7% during the first 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 increased its position in shares of Madison Square Garden Sports by 0.4% in the second quarter. Gabelli Funds LLC now owns 415,288 shares of the company’s stock worth $78,128,000 after purchasing an additional 1,488 shares during the last quarter. Finally, Point72 Asset Management L.P. raised 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 valued at $46,350,000 after purchasing an additional 227,874 shares in the last quarter. 68.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Macquarie lowered their price objective on shares of Madison Square Garden Sports from $240.00 to $235.00 and set an “outperform” rating on the stock in a research report on Friday, August 16th.

Insider Buying and Selling

In other Madison Square Garden Sports news, CEO James Lawrence Dolan sold 629 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.30, for a total transaction of $131,649.70. Following the completion of the sale, the chief executive officer now directly owns 10,192 shares in the company, valued at $2,133,185.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 22.10% of the stock is owned by corporate insiders.

Madison Square Garden Sports Stock Down 0.5 %

Shares of MSGS stock opened at $222.70 on Friday. The firm has a market cap of $5.33 billion, a P/E ratio of 91.65 and a beta of 0.93. The business has a 50-day moving average price of $211.57 and a two-hundred day moving average price of $197.81. Madison Square Garden Sports Corp. has a 12-month low of $165.78 and a 12-month high of $227.66.

Madison Square Garden Sports (NYSE:MSGS) last released its earnings results on Tuesday, August 13th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.73. The company had revenue of $227.25 million during the quarter, compared to the consensus estimate of $167.71 million. Madison Square Garden Sports had a negative return on equity of 18.69% and a net margin of 5.72%. Madison Square Garden Sports’s quarterly revenue was up 79.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.39) EPS. As a group, research analysts expect that Madison Square Garden Sports Corp. will post 1.42 EPS for the current fiscal year.

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