The Manufacturers Life Insurance Company Sells 12,727 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

The Manufacturers Life Insurance Company lowered its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGSFree Report) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 226,518 shares of the company’s stock after selling 12,727 shares during the quarter. The Manufacturers Life Insurance Company owned 0.95% of Madison Square Garden Sports worth $41,188,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Madison Square Garden Sports by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,867,989 shares of the company’s stock valued at $329,326,000 after buying an additional 130,745 shares in the last quarter. Northern Trust Corp lifted its stake in shares of 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 during the last quarter. Norges Bank bought a new stake in shares of Madison Square Garden Sports in the 4th quarter valued at approximately $35,002,000. Dimensional Fund Advisors LP boosted its holdings in shares of Madison Square Garden Sports by 9.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 171,864 shares of the company’s stock worth $31,250,000 after purchasing an additional 14,741 shares during the period. Finally, Pinnacle Associates Ltd. increased its position in shares of Madison Square Garden Sports by 0.9% during the 4th quarter. Pinnacle Associates Ltd. now owns 132,762 shares of the company’s stock valued at $24,140,000 after purchasing an additional 1,222 shares during the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.

Madison Square Garden Sports Stock Up 0.7 %

Shares of MSGS opened at $190.89 on Thursday. The business has a fifty day moving average of $185.14 and a 200 day moving average of $183.00. The company has a market cap of $4.57 billion, a PE ratio of 194.79 and a beta of 0.92. Madison Square Garden Sports Corp. has a 52-week low of $164.79 and a 52-week high of $215.79.

Madison Square Garden Sports (NYSE:MSGSGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($1.21). The firm had revenue of $430.00 million during the quarter, compared to the consensus estimate of $420.76 million. Madison Square Garden Sports had a negative return on equity of 7.23% and a net margin of 2.59%. Madison Square Garden Sports’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.18 EPS. As a group, research analysts anticipate that Madison Square Garden Sports Corp. will post 1.91 earnings per share for the current fiscal year.

Madison Square Garden Sports Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Madison Square Garden Sports (NYSE:MSGS)

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