Vanguard Group Inc. Purchases 130,745 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)
Vanguard Group Inc. increased its position in Madison Square Garden Sports Corp. (NYSE:MSGS – Free Report) by 7.5% in the third quarter, Holdings Channel reports. The fund owned 1,867,989 shares of the company’s stock after acquiring an additional 130,745 shares during the quarter. Vanguard Group Inc. owned approximately 0.08% of Madison Square Garden Sports worth […] Vanguard Group Inc. increased its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 7.5% in the third quarter. The fund now owns 1,867,989 shares of the company’s stock and has acquired an additional 130,745 shares. Vanguard Group owned approximately 0.08% of the stock, worth $329,326,000 at the end of the most recent reporting period. Other large investors have also recently modified their holdings of MSGS. JPMorgan Chase & Co. boosted their position in shares of Madison Square Gard Sports by 39.1%. Raymond James & Associates raised its stake in Madison square Garden Sports by 160.6% in first quarter. COO David Hopkinson sold 937 shares of MSGG stock in a transaction on Thursday, valued at $180,100.77.
Published : a month ago by Defense World Staff in Finance
Vanguard Group Inc. increased its position in Madison Square Garden Sports Corp. (NYSE:MSGS – Free Report) by 7.5% in the third quarter, Holdings Channel.com reports. The fund owned 1,867,989 shares of the company’s stock after acquiring an additional 130,745 shares during the quarter. Vanguard Group Inc. owned approximately 0.08% of Madison Square Garden Sports worth $329,326,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of MSGS. JPMorgan Chase & Co. boosted its position in shares of Madison Square Garden Sports by 39.1% in the first quarter. JPMorgan Chase & Co. now owns 47,202 shares of the company’s stock valued at $8,467,000 after acquiring an additional 13,267 shares during the period. Raymond James & Associates raised its stake in Madison Square Garden Sports by 160.6% in the first quarter. Raymond James & Associates now owns 3,174 shares of the company’s stock valued at $569,000 after purchasing an additional 1,956 shares in the last quarter. US Bancorp DE raised its stake in Madison Square Garden Sports by 76.4% in the first quarter. US Bancorp DE now owns 614 shares of the company’s stock valued at $111,000 after purchasing an additional 266 shares in the last quarter. Citigroup Inc. raised its stake in Madison Square Garden Sports by 98.6% in the first quarter. Citigroup Inc. now owns 2,951 shares of the company’s stock valued at $529,000 after purchasing an additional 1,465 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Madison Square Garden Sports by 16.1% in the first quarter. Bank of Montreal Can now owns 32,415 shares of the company’s stock valued at $5,822,000 after purchasing an additional 4,499 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors.
Shares of MSGS opened at $184.78 on Thursday. The firm’s 50 day simple moving average is $187.17 and its 200 day simple moving average is $179.24. The company has a market capitalization of $4.43 billion, a P/E ratio of 116.21 and a beta of 0.95. Madison Square Garden Sports Corp. has a 1-year low of $164.79 and a 1-year high of $215.79.
In other Madison Square Garden Sports news, Chairman James Lawrence Dolan sold 18,000 shares of Madison Square Garden Sports stock in a transaction that occurred on 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 transaction, the chairman now directly owns 164,583 shares of the company’s stock, valued at $30,592,688.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO David G. Hopkinson sold 937 shares of Madison Square Garden Sports stock in a transaction 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 transaction, the chief operating officer now directly owns 2,385 shares of the company’s stock, valued at $458,420.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman James Lawrence Dolan sold 18,000 shares of Madison Square Garden Sports stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $185.88, for a total transaction of $3,345,840.00. Following the completion of the transaction, the chairman now directly owns 164,583 shares in the company, valued at $30,592,688.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,176 shares of company stock valued at $8,661,793. 22.28% of the stock is currently owned by corporate insiders.
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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Topics: Markets