Sei Investments Co. Sells 1,006 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Sei Investments Co. decreased its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 16.2% during the fourth quarter, HoldingsChannel reports. The fund owned 5,215 shares of the company’s stock after selling 1,006 shares during the quarter. Sei Investments Co.’s holdings in Madison Square Garden Sports were worth $1,177,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of Madison Square Garden Sports by 81.4% during the 4th quarter. Allworth Financial LP now owns 127 shares of the company’s stock worth $28,000 after purchasing an additional 57 shares during the period. Versant Capital Management Inc raised its position in Madison Square Garden Sports by 35.3% in the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock worth $53,000 after purchasing an additional 61 shares during the period. Fifth Third Bancorp lifted its stake in Madison Square Garden Sports by 119.0% in the fourth quarter. Fifth Third Bancorp now owns 138 shares of the company’s stock worth $31,000 after purchasing an additional 75 shares during the last quarter. Xponance Inc. boosted its position in shares of Madison Square Garden Sports by 8.4% during the fourth quarter. Xponance Inc. now owns 1,105 shares of the company’s stock valued at $249,000 after buying an additional 86 shares during the period. Finally, Central Pacific Bank Trust Division grew its stake in shares of Madison Square Garden Sports by 2.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 5,100 shares of the company’s stock valued at $1,151,000 after buying an additional 100 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

Analyst Ratings Changes

Separately, Macquarie raised their price target on Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th.

Madison Square Garden Sports Trading Down 1.5 %

NYSE:MSGS opened at $178.26 on Tuesday. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 75.22 and a beta of 0.81. Madison Square Garden Sports Corp. has a twelve month low of $173.26 and a twelve month high of $237.99. The stock has a fifty day simple moving average of $201.39 and a 200-day simple moving average of $214.08.

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

Insider Activity at Madison Square Garden Sports

In other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the firm’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 transaction, the insider now directly owns 5,097 shares in the company, valued at $968,022.24. This trade represents a 86.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 22.10% of the stock is owned by company insiders.

Madison Square Garden Sports Company 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.