Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Acquired by Wellington Management Group LLP
Wellington Management Group LLP lifted its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS – Free Report) by 61.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 44,851 shares of the company’s stock after purchasing an additional 17,139 shares during the quarter. Wellington Management Group LLP’s holdings in Madison Square Garden […] Wellington Management Group LLP increased its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 61.8% in the 3rd quarter. The institutional investor now owns 44,851 shares of the company’s stock after purchasing an additional 17,139 shares during the same period. Wellington Management Group LLC’ holdings in MSGS were worth $7,907,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley raised its position in shares of MSGS by 51.0%. Shares of Madison Square Gard Sports stock opened at $182.27 on Monday.
Published : a month ago by Defense World Staff in Finance
Wellington Management Group LLP lifted its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS – Free Report) by 61.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 44,851 shares of the company’s stock after purchasing an additional 17,139 shares during the quarter. Wellington Management Group LLP’s holdings in Madison Square Garden Sports were worth $7,907,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSGS. T. Rowe Price Investment Management Inc. acquired a new position in Madison Square Garden Sports during the fourth quarter valued at $60,500,000. Norges Bank acquired a new position in Madison Square Garden Sports during the fourth quarter valued at $47,578,000. Dendur Capital LP acquired a new position in shares of Madison Square Garden Sports in the third quarter worth about $22,302,000. Nomura Holdings Inc. raised its position in shares of Madison Square Garden Sports by 62.5% in the first quarter. Nomura Holdings Inc. now owns 302,300 shares of the company’s stock worth $58,903,000 after acquiring an additional 116,300 shares during the period. Finally, Morgan Stanley raised its position in shares of Madison Square Garden Sports by 51.0% in the third quarter. Morgan Stanley now owns 336,413 shares of the company’s stock worth $59,310,000 after acquiring an additional 113,696 shares during the period. 73.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of Madison Square Garden Sports stock opened at $182.27 on Monday. The firm has a 50-day simple moving average of $187.28 and a two-hundred day simple moving average of $179.01. The company has a market cap of $4.37 billion, a P/E ratio of 114.64 and a beta of 0.95. Madison Square Garden Sports Corp. has a fifty-two week low of $164.79 and a fifty-two week high of $215.79.
In other news, Chairman James Lawrence Dolan sold 18,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $185.88, for a total transaction of $3,345,840.00. Following the completion of the sale, the chairman now owns 164,583 shares of the company’s stock, valued at $30,592,688.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO David G. Hopkinson sold 937 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $192.21, for a total transaction 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 SEC, which can be accessed through this hyperlink. Also, Chairman James Lawrence Dolan sold 18,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $185.88, for a total transaction of $3,345,840.00. Following the sale, the chairman now directly owns 164,583 shares of the company’s stock, valued at approximately $30,592,688.04. The disclosure for this sale can be found here. Insiders sold 46,176 shares of company stock valued at $8,661,793 over the last 90 days. Corporate insiders own 22.28% of the company’s stock.
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.
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