Sei Investments Co. Trims Stock Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Sei Investments Co. decreased its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 2.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,129 shares of the company’s stock after selling 108 shares during the quarter. Sei Investments Co.’s holdings in Madison Square Garden Sports were worth $776,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System increased its holdings in Madison Square Garden Sports by 1.9% in the second quarter. Arizona State Retirement System now owns 4,349 shares of the company’s stock valued at $818,000 after buying an additional 83 shares in the last quarter. Pullen Investment Management LLC raised its holdings in Madison Square Garden Sports by 2.3% in the 2nd quarter. Pullen Investment Management LLC now owns 4,419 shares of the company’s stock worth $831,000 after purchasing an additional 98 shares during the period. Swiss National Bank raised its holdings in Madison Square Garden Sports by 0.3% in the 1st quarter. Swiss National Bank now owns 30,633 shares of the company’s stock worth $5,652,000 after purchasing an additional 100 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Madison Square Garden Sports by 80.6% in the first quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock valued at $42,000 after purchasing an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of Madison Square Garden Sports by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the company’s stock valued at $1,580,000 after buying an additional 100 shares in the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

Madison Square Garden Sports Stock Up 0.4 %

Shares of NYSE MSGS opened at $215.25 on Wednesday. Madison Square Garden Sports Corp. has a 52-week low of $164.79 and a 52-week high of $217.32. The company’s 50-day simple moving average is $204.31 and its 200-day simple moving average is $193.54. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 219.64 and a beta of 0.93.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.33 by $0.73. The company had revenue of $227.25 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business earned ($0.39) EPS. Equities research analysts anticipate that Madison Square Garden Sports Corp. will post 1.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Macquarie decreased their target price on 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 Activity at Madison Square Garden Sports

In other news, CEO James Lawrence Dolan sold 629 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.30, for a total value of $131,649.70. Following the transaction, the chief executive officer now directly owns 10,192 shares of the company’s stock, valued at approximately $2,133,185.60. This trade 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 link. 22.28% of the stock is owned by corporate 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.