Clearbridge Investments LLC Has $134.51 Million Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Clearbridge Investments LLC decreased its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 2.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 714,993 shares of the company’s stock after selling 18,370 shares during the quarter. Clearbridge Investments LLC owned 2.99% of Madison Square Garden Sports worth $134,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MSGS. EverSource Wealth Advisors LLC boosted its holdings in shares of Madison Square Garden Sports by 80.6% in the first quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock worth $42,000 after buying an additional 100 shares during the period. GAMMA Investing LLC boosted its stake in Madison Square Garden Sports by 179.8% in the 2nd quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock worth $49,000 after purchasing an additional 169 shares during the period. Quent Capital LLC grew its position in Madison Square Garden Sports by 312.4% during the 1st quarter. Quent Capital LLC now owns 565 shares of the company’s stock worth $104,000 after purchasing an additional 428 shares in the last quarter. BNP Paribas acquired a new stake in Madison Square Garden Sports during the 1st quarter valued at $111,000. Finally, Dnca Finance purchased a new stake in shares of Madison Square Garden Sports in the second quarter valued at $113,000. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Performance

MSGS stock opened at $208.82 on Wednesday. The stock has a market cap of $5.00 billion, a P/E ratio of 213.08 and a beta of 0.94. The firm has a 50 day simple moving average of $203.00 and a 200 day simple moving average of $192.68. Madison Square Garden Sports Corp. has a 52 week low of $164.79 and a 52 week high of $213.26.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.33 by $0.73. The business had revenue of $227.25 million for the quarter, compared to analysts’ expectations of $167.71 million. Madison Square Garden Sports had a net margin of 5.72% and a negative return on equity of 18.69%. Madison Square Garden Sports’s revenue was up 79.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.39) EPS. Sell-side analysts predict that Madison Square Garden Sports Corp. will post 1.39 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Transactions at Madison Square Garden Sports

In related 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 completion of the sale, the chief executive officer now owns 10,192 shares of the company’s stock, valued at approximately $2,133,185.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 22.28% of the company’s stock.

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.