Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC decreased its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 21.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,499 shares of the company's stock after selling 3,903 shares during the period. Miracle Mile Advisors LLC owned approximately 0.06% of Madison Square Garden Sports worth $2,823,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its position 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 valued at $112,526,000 after acquiring an additional 473,090 shares during the period. Norges Bank bought a new position in shares of Madison Square Garden Sports during the 4th quarter worth approximately $54,052,000. GAMMA Investing LLC boosted its stake in Madison Square Garden Sports by 14,886.7% in the first quarter. GAMMA Investing LLC now owns 137,278 shares of the company's stock valued at $26,731,000 after acquiring an additional 136,362 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in Madison Square Garden Sports during the fourth quarter valued at about $16,844,000. Finally, Balyasny Asset Management L.P. raised its stake in shares of Madison Square Garden Sports by 89.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 127,556 shares of the company's stock valued at $28,787,000 after purchasing an additional 60,112 shares during the period. Institutional investors and hedge funds own 68.94% of the company's stock.

Madison Square Garden Sports Trading Down 1.0%

Shares of NYSE MSGS traded down $1.85 during mid-day trading on Thursday, reaching $189.39. The company had a trading volume of 135,487 shares, compared to its average volume of 114,260. The firm has a 50 day simple moving average of $190.43 and a two-hundred day simple moving average of $204.92. The stock has a market cap of $4.55 billion, a P/E ratio of 79.91 and a beta of 0.77. Madison Square Garden Sports Corp. has a 52-week low of $173.26 and a 52-week high of $237.99.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported ($0.59) 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 company had revenue of $424.20 million during the quarter, compared to analyst estimates of $436.84 million. During the same quarter last year, the business earned $1.57 EPS. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities analysts expect that Madison Square Garden Sports Corp. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Guggenheim restated a "buy" rating and set a $314.00 target price on shares of Madison Square Garden Sports in a report on Tuesday, May 6th. JPMorgan Chase & Co. cut their price objective on shares of 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 shares of Madison Square Garden Sports in a research note on Monday, April 28th. They issued a "positive" rating and a $254.00 price target on the stock. Morgan Stanley reduced their price objective on Madison Square Garden Sports from $235.00 to $215.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Finally, Macquarie upped their target price on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Madison Square Garden Sports presently has an average rating of "Moderate Buy" and an average price target of $252.60.

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.