Madison Square Garden Sports Corp. (NYSE:MSGS) Stock Holdings Lifted by Clearline Capital LP

Clearline Capital LP boosted its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 0.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 173,446 shares of the company’s stock after buying an additional 200 shares during the quarter. Madison Square Garden Sports makes up 0.9% of Clearline Capital LP’s investment portfolio, making the stock its 6th largest holding. Clearline Capital LP owned 0.72% of Madison Square Garden Sports worth $32,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of MSGS. EverSource Wealth Advisors LLC lifted its position in shares of Madison Square Garden Sports by 80.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 224 shares of the company’s stock worth $42,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Madison Square Garden Sports by 179.8% during the second quarter. GAMMA Investing LLC now owns 263 shares of the company’s stock worth $49,000 after acquiring an additional 169 shares during the period. Quent Capital LLC boosted its position in Madison Square Garden Sports by 312.4% in the first quarter. Quent Capital LLC now owns 565 shares of the company’s stock worth $104,000 after purchasing an additional 428 shares during the last quarter. BNP Paribas bought a new position in Madison Square Garden Sports in the 1st quarter valued at $111,000. Finally, Dnca Finance purchased a new stake in shares of Madison Square Garden Sports during the 2nd quarter valued at $113,000. 68.94% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO James Lawrence Dolan sold 629 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.30, for a total value of $131,649.70. Following the sale, the chief executive officer now owns 10,192 shares of the company’s stock, valued at $2,133,185.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 22.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Macquarie cut their price target on shares of Madison Square Garden Sports from $240.00 to $235.00 and set an “outperform” rating on the stock in a report on Friday, August 16th.

Madison Square Garden Sports Stock Down 0.1 %

MSGS opened at $208.05 on Friday. The company’s 50-day moving average price is $202.57 and its two-hundred day moving average price is $192.25. Madison Square Garden Sports Corp. has a twelve month low of $164.79 and a twelve month high of $213.26. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 212.30 and a beta of 0.94.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.73. Madison Square Garden Sports had a negative return on equity of 18.69% and a net margin of 5.72%. The company had revenue of $227.25 million during the quarter, compared to the consensus estimate of $167.71 million. During the same quarter in the prior year, the company earned ($0.39) EPS. The firm’s quarterly revenue was up 79.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Madison Square Garden Sports Corp. will post 1.39 earnings per share 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.