Shapiro Capital Management LLC Sells 2,510 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Shapiro Capital Management LLC lessened its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,968 shares of the company’s stock after selling 2,510 shares during the quarter. Madison Square Garden Sports comprises 1.6% of Shapiro Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. Shapiro Capital Management LLC owned about 1.16% of Madison Square Garden Sports worth $52,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in MSGS. Charles Schwab Investment Management Inc. boosted its holdings in Madison Square Garden Sports by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,446 shares of the company’s stock worth $18,082,000 after acquiring an additional 4,877 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Madison Square Garden Sports by 9.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 171,864 shares of the company’s stock valued at $31,250,000 after purchasing an additional 14,741 shares during the period. Norges Bank bought a new stake in Madison Square Garden Sports during the 4th quarter valued at $35,002,000. SageView Advisory Group LLC acquired a new position in Madison Square Garden Sports during the fourth quarter worth $253,000. Finally, Cape Investment Advisory Inc. lifted its stake in shares of Madison Square Garden Sports by 400.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 500 shares of the company’s stock valued at $91,000 after buying an additional 400 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Madison Square Garden Sports Stock Down 0.4 %

MSGS stock opened at $206.10 on Tuesday. The stock’s 50 day moving average is $201.80 and its 200-day moving average is $191.68. Madison Square Garden Sports Corp. has a twelve month low of $164.79 and a twelve month high of $213.26. The firm has a market capitalization of $4.94 billion, a PE ratio of 210.31 and a beta of 0.94.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.73. The firm had revenue of $227.25 million for the quarter, compared to the consensus estimate of $167.71 million. Madison Square Garden Sports had a net margin of 5.72% and a negative return on equity of 18.69%. The business’s revenue for the quarter was up 79.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.39) EPS. On average, equities research analysts anticipate that Madison Square Garden Sports Corp. will post 1.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO James Lawrence Dolan sold 629 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.30, for a total value of $131,649.70. Following the transaction, the chief executive officer now owns 10,192 shares in the company, valued at approximately $2,133,185.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.28% of the stock is currently owned by insiders.

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.