Caxton Associates LP Acquires Shares of 2,902 Madison Square Garden Sports Corp. (NYSE:MSGS)

Caxton Associates LP purchased a new stake in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,902 shares of the company's stock, valued at approximately $655,000.

A number of other hedge funds also recently made changes to their positions in MSGS. Advisors Capital Management LLC lifted its position in shares of Madison Square Garden Sports by 0.5% in the 4th quarter. Advisors Capital Management LLC now owns 10,606 shares of the company's stock worth $2,394,000 after purchasing an additional 48 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Madison Square Garden Sports by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 8,172 shares of the company's stock worth $1,844,000 after purchasing an additional 50 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Madison Square Garden Sports by 9.2% in the 4th quarter. Quadrant Capital Group LLC now owns 650 shares of the company's stock worth $147,000 after purchasing an additional 55 shares during the period. Allworth Financial LP lifted its position in shares of Madison Square Garden Sports by 81.4% in the 4th quarter. Allworth Financial LP now owns 127 shares of the company's stock worth $28,000 after purchasing an additional 57 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Madison Square Garden Sports by 2.2% in the 4th quarter. NewEdge Advisors LLC now owns 2,914 shares of the company's stock worth $658,000 after purchasing an additional 62 shares during the period. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Madison Square Garden Sports Stock Up 1.7%

MSGS stock traded up $3.17 during midday trading on Monday, reaching $194.97. 19,884 shares of the company's stock traded hands, compared to its average volume of 113,097. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 82.19 and a beta of 0.78. The firm's fifty day moving average price is $191.27 and its 200-day moving average price is $209.65. Madison Square Garden Sports Corp. has a 52 week low of $173.26 and a 52 week high of $237.99.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported ($0.59) EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($2.07). The business had revenue of $424.20 million for the quarter, compared to the consensus estimate of $436.84 million. Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.57 EPS. Analysts forecast that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MSGS. Morgan Stanley dropped their price target on shares of Madison Square Garden Sports from $235.00 to $215.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Susquehanna assumed coverage on shares of Madison Square Garden Sports in a research note on Monday, April 28th. They issued a "positive" rating and a $254.00 price objective for the company. Guggenheim reiterated a "buy" rating and issued a $314.00 price objective on shares of Madison Square Garden Sports in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price objective on shares of Madison Square Garden Sports from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Macquarie lifted their price objective on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Madison Square Garden Sports currently has a consensus rating of "Moderate Buy" and an average price target of $252.60.

Insider Buying and Selling at Madison Square Garden Sports

In related news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $189.92, for a total value of $6,044,204.00. Following the transaction, the insider now directly owns 5,097 shares of the company's stock, valued at approximately $968,022.24. The trade was a 86.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.05% of the stock is currently owned by company insiders.

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 development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.