Tabor Asset Management LP Has $12.12 Million Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Tabor Asset Management LP raised its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 101.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,721 shares of the company's stock after purchasing an additional 27,032 shares during the quarter. Madison Square Garden Sports makes up 5.8% of Tabor Asset Management LP's holdings, making the stock its 2nd biggest position. Tabor Asset Management LP owned about 0.22% of Madison Square Garden Sports worth $12,124,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MSGS. Barclays PLC increased its position in Madison Square Garden Sports by 8.4% during the 3rd quarter. Barclays PLC now owns 14,668 shares of the company's stock worth $3,056,000 after buying an additional 1,131 shares during the period. Park Avenue Securities LLC increased its position in Madison Square Garden Sports by 8.6% during the 4th quarter. Park Avenue Securities LLC now owns 4,263 shares of the company's stock worth $962,000 after buying an additional 339 shares during the period. Herbst Group LLC increased its position in Madison Square Garden Sports by 16.5% during the 4th quarter. Herbst Group LLC now owns 15,617 shares of the company's stock worth $3,524,000 after buying an additional 2,212 shares during the period. SG Americas Securities LLC bought a new position in Madison Square Garden Sports during the 4th quarter worth $685,000. Finally, Exchange Traded Concepts LLC increased its position in Madison Square Garden Sports by 4.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,725 shares of the company's stock worth $1,969,000 after buying an additional 354 shares during the period. Institutional investors own 68.94% of the company's stock.

Madison Square Garden Sports Stock Up 0.2%

Shares of MSGS stock traded up $0.47 during mid-day trading on Friday, reaching $190.72. 79,208 shares of the stock traded hands, compared to its average volume of 113,203. The stock's fifty day simple moving average is $191.91 and its two-hundred day simple moving average is $208.02. Madison Square Garden Sports Corp. has a 1-year low of $173.26 and a 1-year high of $237.99. The company 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 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). Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The firm had revenue of $424.20 million for the quarter, compared to analyst estimates of $436.84 million. During the same period in the previous year, the business posted $1.57 earnings per share. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that Madison Square Garden Sports Corp. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MSGS. Morgan Stanley decreased their price target 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. JPMorgan Chase & Co. decreased 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. Guggenheim reiterated a "buy" rating and issued a $314.00 target price on shares of Madison Square Garden Sports in a research report on Tuesday, May 6th. Macquarie lifted their target price 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. Finally, Susquehanna began 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 on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Madison Square Garden Sports presently has an average 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 Madison Square Garden Sports stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.