Nisa Investment Advisors LLC Lowers Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Nisa Investment Advisors LLC lowered its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 23.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,957 shares of the company’s stock after selling 900 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Madison Square Garden Sports were worth $538,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of Madison Square Garden Sports by 61.8% during the third quarter. Wellington Management Group LLP now owns 44,851 shares of the company’s stock worth $7,907,000 after buying an additional 17,139 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Madison Square Garden Sports by 206.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 9,610 shares of the company’s stock valued at $1,747,000 after purchasing an additional 6,472 shares in the last quarter. Amalgamated Bank boosted its holdings in Madison Square Garden Sports by 188.5% in the 3rd quarter. Amalgamated Bank now owns 8,096 shares of the company’s stock valued at $1,427,000 after purchasing an additional 5,290 shares in the last quarter. Northern Trust Corp boosted its holdings in Madison Square Garden Sports by 7.8% in the 3rd quarter. Northern Trust Corp now owns 226,994 shares of the company’s stock valued at $40,019,000 after purchasing an additional 16,497 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Madison Square Garden Sports by 6,319.0% in the 3rd quarter. Principal Financial Group Inc. now owns 88,711 shares of the company’s stock valued at $15,640,000 after purchasing an additional 87,329 shares in the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Trading Down 0.9 %

Shares of MSGS opened at $178.87 on Thursday. Madison Square Garden Sports Corp. has a twelve month low of $164.79 and a twelve month high of $215.79. The stock’s 50 day moving average is $185.76 and its two-hundred day moving average is $179.80. The firm has a market capitalization of $4.28 billion, a PE ratio of 112.50 and a beta of 0.94.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.22. Madison Square Garden Sports had a negative return on equity of 11.27% and a net margin of 4.38%. The company had revenue of $326.90 million for the quarter, compared to analyst estimates of $325.86 million. During the same quarter in the previous year, the company earned $0.84 EPS. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, sell-side analysts predict that Madison Square Garden Sports Corp. will post 2.11 EPS for the current year.

Insider Buying and Selling at Madison Square Garden Sports

In other news, COO David G. Hopkinson sold 937 shares of Madison Square Garden Sports stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $192.21, for a total transaction of $180,100.77. Following the completion of the sale, the chief operating officer now directly owns 2,385 shares in the company, valued at approximately $458,420.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO David G. Hopkinson sold 937 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $192.21, for a total transaction of $180,100.77. Following the sale, the chief operating officer now owns 2,385 shares of the company’s stock, valued at approximately $458,420.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman James Lawrence Dolan sold 19,003 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $187.81, for a total value of $3,568,953.43. Following the sale, the chairman now directly owns 182,583 shares in the company, valued at approximately $34,290,913.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,176 shares of company stock valued at $8,661,793. 22.28% of the stock is owned by corporate insiders.

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