D. E. Shaw & Co. Inc. Raises Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

D. E. Shaw & Co. Inc. grew its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 56.8% in the 4th 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 purchasing an additional 6,606 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.08% of Madison Square Garden Sports worth $4,116,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MSGS. Vanguard Group Inc. increased its holdings in Madison Square Garden Sports by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 1,945,194 shares of the company's stock worth $438,991,000 after acquiring an additional 33,641 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Madison Square Garden Sports by 1,854.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 498,607 shares of the company's stock worth $112,526,000 after acquiring an additional 473,090 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Madison Square Garden Sports by 16.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 255,339 shares of the company's stock worth $57,625,000 after acquiring an additional 36,799 shares during the last quarter. Norges Bank purchased a new stake in Madison Square Garden Sports in the 4th quarter worth about $54,052,000. Finally, Dimensional Fund Advisors LP boosted its stake in Madison Square Garden Sports by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 222,090 shares of the company's stock worth $50,124,000 after purchasing an additional 9,979 shares during the period. 68.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on MSGS shares. Macquarie lifted their price target on Madison Square Garden Sports from $240.00 to $250.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Morgan Stanley dropped 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. dropped 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 report on Monday, May 5th. Susquehanna initiated coverage on Madison Square Garden Sports in a research report on Monday, April 28th. They issued a "positive" rating and a $254.00 target price for the company. Finally, Guggenheim reiterated a "buy" rating and issued a $314.00 price objective 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $252.60.

Insider Activity

In related news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the company's stock in a transaction on 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 sale, the insider now directly owns 5,097 shares of the company's stock, valued at $968,022.24. This represents a 86.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 18.05% of the company's stock.

Madison Square Garden Sports Trading Up 0.2%

MSGS stock traded up $0.47 during midday trading on Friday, hitting $190.72. The company had a trading volume of 79,208 shares, compared to its average volume of 113,203. Madison Square Garden Sports Corp. has a 52 week low of $173.26 and a 52 week high of $237.99. The stock's 50 day moving average price is $191.91 and its 200 day moving average price is $208.02. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 80.47 and a beta of 0.78.

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 (EPS) for the quarter, missing the consensus estimate of $1.48 by ($2.07). Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The business had revenue of $424.20 million for the quarter, compared to analysts' expectations of $436.84 million. During the same period last year, the firm posted $1.57 earnings per share. Madison Square Garden Sports's quarterly revenue was down 1.3% on a year-over-year basis. Analysts predict that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.

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.