Dimensional Fund Advisors LP Boosts Stake in Madison Square Garden Sports Corp. (NYSE:MSGS)

Dimensional Fund Advisors LP grew its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 222,090 shares of the company's stock after buying an additional 9,979 shares during the quarter. Dimensional Fund Advisors LP owned 0.93% of Madison Square Garden Sports worth $50,124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP grew its position in Madison Square Garden Sports by 81.4% in the 4th quarter. Allworth Financial LP now owns 127 shares of the company's stock valued at $28,000 after acquiring an additional 57 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Madison Square Garden Sports by 119.0% in the fourth quarter. Fifth Third Bancorp now owns 138 shares of the company's stock worth $31,000 after purchasing an additional 75 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in Madison Square Garden Sports in the 4th quarter worth about $43,000. Versant Capital Management Inc lifted its holdings in Madison Square Garden Sports by 35.3% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company's stock valued at $53,000 after buying an additional 61 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in Madison Square Garden Sports by 1,016.7% in the 4th quarter. Headlands Technologies LLC now owns 268 shares of the company's stock valued at $60,000 after buying an additional 244 shares during the period. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

Madison Square Garden Sports Stock Performance

NYSE:MSGS opened at $187.79 on Friday. The firm has a 50-day simple moving average of $192.36 and a 200-day simple moving average of $210.72. Madison Square Garden Sports Corp. has a one year low of $173.26 and a one year high of $237.99. The firm has a market cap of $4.51 billion, a P/E ratio of 79.24 and a beta of 0.81.

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

Insider Buying and Selling at Madison Square Garden Sports

In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of Madison Square Garden Sports stock in a transaction that occurred on 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 owns 5,097 shares of the company's stock, valued at $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 is accessible through this link. 22.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MSGS. Macquarie lifted their price target 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. Susquehanna started coverage on Madison Square Garden Sports in a report on Monday, April 28th. They issued a "positive" rating and a $254.00 target price for the company.

Madison Square Garden Sports Profile

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.

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