Madison Square Garden Sports (MSGS)
Operates the Knicks and Rangers franchise systems and monetizes games, media rights, and partnerships.
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Owns and operates the New York Knicks and New York Rangers franchise systems, with revenue from games, suites, sponsorships, merchandise, media rights, and league distributions. Operates as a single segment concentrated in the United States, under Dolan family voting control.
Owns and operates the New York Knicks and New York Rangers, together with the Westchester Knicks and Hartford Wolf Pack development affiliates. Both major-league teams play home games at Madison Square Garden, and the MSG Training Center supports the franchise systems.
Combines major-league teams with development affiliates and a shared training center, while monetizing games through tickets, suites, sponsorship and signage, food, beverages, merchandise, local media rights, and league distributions. The business is concentrated in the United States and reported as one segment.
Results depend on home-game schedules, team performance, league economics, and national media agreements. Operations also depend on arena licenses with a related company and local media-rights arrangements tied to MSG Networks. Dolan family super-voting shares shape corporate control, while league approvals constrain transactions involving the franchises. A proposed Knicks-Rangers separation remained conditional at the context cut-off.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 14, 2026 | Seaport Global | Reiterate | Rating: —Target: $435 | Target: $473 |
| Aug 14, 2026 | Guggenheim | Reiterate | Rating: —Target: $522 | Target: $584 |
| Aug 14, 2026 | Susquehanna | Reiterate | Rating: —Target: $430 | Target: $477 |
| Jul 23, 2026 | Guggenheim | Reiterate | Rating: —Target: $477 | Target: $522 |
| Jul 15, 2026 | Morgan Stanley | Upgrade | Target: $295 | Target: $450 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $164.5M · Total debt $1.14B · Total assets $1.54B · Shareholders' equity −$263.3M
- Revenue
- $278.7M
- Operating income
- $30.9M
- Net income
- $28.3M
| Institutions | ≈ 81.07% | 19.52M shares | |
|---|---|---|---|
| 491 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 20.43% | 4.92M shares | |
| 11 holders · as of Sep 17, 2026 | |||
| Strategic holders | 7.00% | 1.68M shares | |
| 10 holders · as of Feb 24, 2026 | |||
| Adds to | 108.50% | ||
24.08M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 108.50%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
James Lawrence Dolan1Insiderdirector, officer, other: Executive Chairman / CEO | 12.42% | 2.98M A | filed Sep 17, 2026 |
BlackRock, Inc.Institution | 8.72% | 2.10M A | as of Jun 30, 2026 |
Silver Lake Group, L.L.C.Institution | 7.89% | 1.90M A | as of Jun 30, 2026 |
Kathleen Margaret DolanInsiderother: Member of 13(d) Group | 7.64% | 1.84M B | filed Feb 24, 2026 |
Starlite Capital IncInstitution | 5.00% | 1.20M A | as of Jun 30, 2026 |
- James Lawrence Dolan's transaction reports restate only vehicles that traded; the 2026 ownership statement (2.98M) plus the 14.9K net shares acquired since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 16, 2026 | Bryan Warner | officer: SVP, Head of Legal | −628 | $393.77 |
| Feb 20, 2026 | Charles P. Dolan | director | −5,659 | $325.26 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Madison Square Garden Sports | $396.62 | +0.03% | $9.63B | 1,250.3 | — | 8.3 | +36.7% |
| Rogers Communications | $33.27 | −0.03% | $18.59B | 4.0 | 13.9 | 1.2 | +3.3% |
| Comcast | $22.42 | −0.02% | $81.37B | 7.4 | 6.5 | 0.7 | −1.2% |
| TKO Group | $188.87 | 0.00% | $14.33B | 65.9 | 33.8 | 2.7 | +18.2% |
| Atlanta Braves Series A | $57.74 | −0.09% | $3.65B | 110.3 | — | 2.6 | −2.3% |
| Manchester United | $20.58 | +0.29% | $3.52B | — | — | 3.9 | +20.8% |
| Median | 36.7 | 13.9 | 2.6 | +3.3% |