Madison Square Garden Sports Corp. (NYSE:MSGS) Stock Holdings Lessened by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lowered its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 0.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 588,655 shares of the company’s stock after selling 201 shares during the period. Madison Square Garden Sports accounts for 1.4% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 8th largest holding. Gamco Investors INC. ET AL’s holdings in Madison Square Garden Sports were worth $132,848,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its stake in shares of Madison Square Garden Sports by 1.2% in the third quarter. State Street Corp now owns 549,108 shares of the company’s stock valued at $114,357,000 after buying an additional 6,640 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of Madison Square Garden Sports in the fourth quarter worth $1,032,000. Proficio Capital Partners LLC bought a new position in Madison Square Garden Sports during the 4th quarter valued at $3,413,000. Levin Capital Strategies L.P. grew its stake in Madison Square Garden Sports by 118.5% in the fourth quarter. Levin Capital Strategies L.P. now owns 3,039 shares of the company’s stock worth $686,000 after purchasing an additional 1,648 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in Madison Square Garden Sports in the fourth quarter worth $16,844,000. 68.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Madison Square Garden Sports

In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $189.92, for a total transaction of $6,044,204.00. Following the completion of the sale, the insider now directly owns 5,097 shares of the company’s stock, valued at $968,022.24. This represents a 86.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 22.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Macquarie lifted their price target on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th.

Madison Square Garden Sports Stock Down 0.1 %

Shares of NYSE:MSGS opened at $190.24 on Tuesday. Madison Square Garden Sports Corp. has a fifty-two week low of $173.26 and a fifty-two week high of $237.99. The company has a market cap of $4.57 billion, a PE ratio of 80.27 and a beta of 0.81. The company’s 50-day moving average price is $196.95 and its 200 day moving average price is $212.95.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The business had revenue of $357.80 million for the quarter, compared to analyst estimates of $352.68 million. Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 EPS. As a group, equities analysts anticipate that Madison Square Garden Sports Corp. will post 0.73 EPS 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.