Victory Capital Management Inc. Has $12.09 Million Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Victory Capital Management Inc. decreased its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 28.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,072 shares of the company’s stock after selling 22,724 shares during the period. Victory Capital Management Inc. owned 0.24% of Madison Square Garden Sports worth $12,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 12,813 shares in the last quarter. Ariel Investments LLC boosted its holdings in Madison Square Garden Sports by 3.5% in the second quarter. Ariel Investments LLC now owns 970,156 shares of the company’s stock worth $182,515,000 after acquiring an additional 33,031 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Madison Square Garden Sports by 3.7% in the first quarter. Gamco Investors INC. ET AL now owns 594,169 shares of the company’s stock worth $109,636,000 after acquiring an additional 21,149 shares in the last quarter. Gabelli Funds LLC boosted its holdings in 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 acquiring an additional 1,488 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings 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 worth $46,350,000 after acquiring an additional 227,874 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Analyst Ratings Changes

Separately, Macquarie increased their price target on Madison Square Garden Sports from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th.

Insiders Place Their Bets

In other Madison Square Garden Sports news, CEO James Lawrence Dolan sold 629 shares of the firm’s stock in a transaction 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 directly owns 10,192 shares of the company’s stock, valued at $2,133,185.60. This trade represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 22.10% of the company’s stock.

Madison Square Garden Sports Trading Up 0.9 %

Shares of MSGS opened at $224.24 on Thursday. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 77.06 and a beta of 0.92. The stock has a 50 day moving average of $216.18 and a 200 day moving average of $201.71. Madison Square Garden Sports Corp. has a 12 month low of $166.26 and a 12 month high of $230.69.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings results on Friday, November 1st. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.86) by $0.55. The company had revenue of $53.31 million during the quarter, compared to the consensus estimate of $43.71 million. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. Madison Square Garden Sports’s revenue was up 23.8% on a year-over-year basis. During the same period last year, the business posted ($0.79) earnings per share. As a group, equities research analysts predict that Madison Square Garden Sports Corp. will post 0.81 earnings per share for the current year.

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