Invesco Ltd. Has $18.79 Million Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Invesco Ltd. raised its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,258 shares of the company's stock after acquiring an additional 4,918 shares during the period. Invesco Ltd. owned approximately 0.35% of Madison Square Garden Sports worth $18,790,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC grew its position in Madison Square Garden Sports by 8.4% in the 3rd quarter. Barclays PLC now owns 14,668 shares of the company's stock worth $3,056,000 after purchasing an additional 1,131 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Madison Square Garden Sports by 0.7% during the third quarter. Geode Capital Management LLC now owns 273,222 shares of the company's stock valued at $56,916,000 after purchasing an additional 1,913 shares during the period. Sanctuary Advisors LLC acquired a new stake in Madison Square Garden Sports during the third quarter worth $264,000. Franklin Resources Inc. lifted its holdings in shares of Madison Square Garden Sports by 1.3% during the 3rd quarter. Franklin Resources Inc. now owns 99,847 shares of the company's stock worth $21,706,000 after acquiring an additional 1,326 shares during the period. Finally, Inspire Trust Co. N.A. increased its stake in Madison Square Garden Sports by 18.6% in the third quarter. Inspire Trust Co. N.A. now owns 7,000 shares of the company's stock valued at $1,458,000 after acquiring an additional 1,100 shares during the period. 68.94% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of Madison Square Garden Sports stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $189.92, for a total value of $6,044,204.00. Following the completion of the transaction, the insider now directly owns 5,097 shares of the company's stock, valued at $968,022.24. The trade was a 86.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 22.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Macquarie lifted their price objective on 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 Up 1.2 %

NYSE:MSGS traded up $2.34 during trading hours on Thursday, reaching $191.91. The company had a trading volume of 7,730 shares, compared to its average volume of 112,736. The firm has a market capitalization of $4.61 billion, a PE ratio of 80.95 and a beta of 0.81. The stock has a 50-day moving average of $194.22 and a two-hundred day moving average of $211.85. Madison Square Garden Sports Corp. has a one year low of $173.26 and a one year high of $237.99.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $357.80 million during the quarter, compared to the consensus estimate 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 firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. As a group, sell-side analysts expect that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.

Madison Square Garden Sports 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.