Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Purchased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division raised its position in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 29.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,600 shares of the company's stock after purchasing an additional 1,500 shares during the period. Central Pacific Bank Trust Division's holdings in Madison Square Garden Sports were worth $1,285,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Advisors Capital Management LLC lifted its position in shares of Madison Square Garden Sports by 0.5% in the fourth quarter. Advisors Capital Management LLC now owns 10,606 shares of the company's stock valued at $2,394,000 after acquiring an additional 48 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Madison Square Garden Sports by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 8,172 shares of the company's stock valued at $1,844,000 after acquiring an additional 50 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Madison Square Garden Sports by 9.2% in the fourth quarter. Quadrant Capital Group LLC now owns 650 shares of the company's stock valued at $147,000 after acquiring an additional 55 shares in the last quarter. Allworth Financial LP lifted its position in shares of Madison Square Garden Sports by 81.4% in the fourth quarter. Allworth Financial LP now owns 127 shares of the company's stock valued at $28,000 after acquiring an additional 57 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Madison Square Garden Sports by 2.2% in the fourth quarter. NewEdge Advisors LLC now owns 2,914 shares of the company's stock valued at $658,000 after acquiring an additional 62 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company's stock.

Madison Square Garden Sports Trading Up 0.1%

Shares of Madison Square Garden Sports stock traded up $0.21 during trading hours on Friday, reaching $189.84. The stock had a trading volume of 114,113 shares, compared to its average volume of 113,534. The firm has a 50 day simple moving average of $191.15 and a two-hundred day simple moving average of $206.53. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 80.10 and a beta of 0.78. Madison Square Garden Sports Corp. has a 1 year low of $173.26 and a 1 year high of $237.99.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported ($0.59) EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($2.07). The firm had revenue of $424.20 million during 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 business's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 earnings per share. Sell-side analysts forecast that Madison Square Garden Sports Corp. will post 0.73 EPS for the current year.

Insider Transactions at Madison Square Garden Sports

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Susquehanna assumed coverage on Madison Square Garden Sports in a research report on Monday, April 28th. They set a "positive" rating and a $254.00 target price on the stock. Macquarie increased their target price on Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their target price on Madison Square Garden Sports from $240.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Morgan Stanley reduced their target price on 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. Finally, Guggenheim reiterated a "buy" rating and set a $314.00 target price on shares of Madison Square Garden Sports in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $252.60.

Madison Square Garden Sports Company 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.