Madison Square Garden Sports Corp. (NYSE:MSGS) Position Increased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 56.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,237 shares of the company's stock after acquiring an additional 6,606 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.08% of Madison Square Garden Sports worth $4,116,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Allworth Financial LP lifted its stake 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 valued at $28,000 after purchasing an additional 57 shares in the last quarter. Fifth Third Bancorp raised its holdings in Madison Square Garden Sports by 119.0% in the fourth quarter. Fifth Third Bancorp now owns 138 shares of the company's stock valued at $31,000 after buying an additional 75 shares during the period. Heck Capital Advisors LLC acquired a new position in Madison Square Garden Sports during the fourth quarter valued at approximately $43,000. Headlands Technologies LLC grew its stake in Madison Square Garden Sports by 1,016.7% during the fourth quarter. Headlands Technologies LLC now owns 268 shares of the company's stock worth $60,000 after buying an additional 244 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in Madison Square Garden Sports by 423.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 272 shares of the company's stock worth $62,000 after buying an additional 220 shares during the period. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MSGS shares. Macquarie lifted their target price on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Morgan Stanley decreased their target price on Madison Square Garden Sports from $235.00 to $215.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. lowered their target price on 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. 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 price target on the stock. Finally, Guggenheim restated a "buy" rating and issued a $314.00 price target on shares of Madison Square Garden Sports in a report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $252.60.

Madison Square Garden Sports Stock Down 2.6%

Shares of Madison Square Garden Sports stock traded down $5.07 during trading hours on Wednesday, hitting $191.57. 117,747 shares of the company's stock traded hands, compared to its average volume of 113,151. Madison Square Garden Sports Corp. has a twelve month low of $173.26 and a twelve month high of $237.99. The company has a market cap of $4.60 billion, a PE ratio of 80.83 and a beta of 0.78. The stock has a 50 day simple moving average of $191.88 and a 200-day simple moving average of $208.50.

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

Insider Buying and Selling

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 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 directly owns 5,097 shares of the company's stock, valued at $968,022.24. The trade was a 86.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 18.05% of the company's stock.

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.