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James L. Dolan, the Executive Chairman and CEO of Madison Square Garden Sports Corp. (NYSE:MSGS), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Dolan disposed of Class A Common Stock valued at approximately $3.06 million. The transactions occurred on March 20, 2025, with sales prices ranging from $193.07 to $200.47 per share. With a current market capitalization of $4.77 billion and a P/E ratio of 84.29, InvestingPro analysis indicates the stock is trading at premium valuations.
The transactions involved multiple trades, with Dolan selling a total of 10,544 shares. Following these transactions, Dolan now directly owns 172,840 shares, with additional shares held indirectly through his spouse and minor children. The sales were executed in several trades, with the highest number of shares sold at a price of $200.47 per share. According to InvestingPro data, the company maintains a moderate debt level with a total debt-to-capital ratio of 0.19, while demonstrating strong revenue growth of 21.45% over the last twelve months.
Investors may note that these sales come as part of Dolan’s ongoing management of his personal holdings in the company, which is known for its sports entertainment assets, including the New York Knicks and New York Rangers. Looking ahead, analysts tracked by InvestingPro maintain a bullish outlook, with price targets ranging from $235 to $314, suggesting potential upside from current levels. Subscribers can access 10+ additional ProTips and comprehensive valuation metrics for MSGS.
In other recent news, Madison Square Garden Sports reported its financial results for the second quarter of fiscal year 2025, showcasing a mixed performance. The company achieved revenues of $357.8 million, surpassing analyst expectations of $353.9 million and reflecting a year-over-year increase from $326.9 million. Despite this, earnings per share (EPS) fell short at $0.05, compared to the anticipated $0.46. The decline in adjusted operating income to $20.2 million, from the previous period’s $37 million, was attributed to increased operating expenses, including team personnel compensation and the NBA luxury tax. Macquarie analyst Paul Golding, following the revenue beat, raised MSG Sports’ stock target to $250, maintaining an Outperform rating. Additionally, the company reported strong sponsorship performance, with new deals and renewals with major partners like Verizon (NYSE:VZ) and Lenovo. Madison Square Garden Sports ended December with a cash balance of over $100 million and maintains a revolving credit facility with $250 million in borrowing capacity. The company also announced a recent carriage agreement between MSG Networks (NYSE:MSGN) and Optimum, relaunching MSGN on Optimum’s video lineups.
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