Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 54.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,022 shares of the company's stock after selling 32,500 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.11% of Madison Square Garden Sports worth $4,913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MSGS. JPMorgan Chase & Co. lifted its stake in shares of Madison Square Garden Sports by 39.1% during the 1st quarter. JPMorgan Chase & Co. now owns 47,202 shares of the company's stock worth $8,467,000 after acquiring an additional 13,267 shares during the last quarter. Raymond James & Associates lifted its position in shares of Madison Square Garden Sports by 160.6% during the first quarter. Raymond James & Associates now owns 3,174 shares of the company's stock worth $569,000 after purchasing an additional 1,956 shares during the last quarter. US Bancorp DE grew its holdings in shares of Madison Square Garden Sports by 76.4% in the first quarter. US Bancorp DE now owns 614 shares of the company's stock worth $111,000 after purchasing an additional 266 shares during the last quarter. Citigroup Inc. increased its stake in Madison Square Garden Sports by 98.6% in the 1st quarter. Citigroup Inc. now owns 2,951 shares of the company's stock worth $529,000 after buying an additional 1,465 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Madison Square Garden Sports by 16.1% during the 1st quarter. Bank of Montreal Can now owns 32,415 shares of the company's stock valued at $5,822,000 after buying an additional 4,499 shares in the last quarter. Institutional investors own 68.94% of the company's stock.

Insider Activity

In other news, COO David G. Hopkinson sold 937 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $192.21, for a total value of $180,100.77. Following the completion of 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 the SEC website. In related news, Chairman James Lawrence Dolan sold 8,236 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $190.25, for a total transaction of $1,566,899.00. Following the sale, the chairman now owns 221,586 shares of the company's stock, valued at $42,156,736.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO David G. Hopkinson sold 937 shares of the business's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $192.21, for a total transaction of $180,100.77. Following the completion of the transaction, the chief operating officer now owns 2,385 shares of the company's stock, valued at $458,420.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,176 shares of company stock worth $8,661,793. Company insiders own 22.28% of the company's stock.

Madison Square Garden Sports Stock Performance

Madison Square Garden Sports stock traded up $0.72 during trading hours on Friday, hitting $179.89. The company had a trading volume of 85,132 shares, compared to its average volume of 102,386. The firm has a market cap of $4.31 billion, a P/E ratio of 113.14 and a beta of 0.94. The company has a 50-day moving average price of $185.30 and a two-hundred day moving average price of $179.87. Madison Square Garden Sports Corp. has a 1 year low of $164.79 and a 1 year high of $215.79.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.22. The company had revenue of $326.90 million for the quarter, compared to analysts' expectations of $325.86 million. Madison Square Garden Sports had a negative return on equity of 11.27% and a net margin of 4.38%. Madison Square Garden Sports's revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 earnings per share. As a group, equities research analysts anticipate that Madison Square Garden Sports Corp. will post 2.11 EPS 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 two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.