Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 14,886.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,278 shares of the company's stock after acquiring an additional 136,362 shares during the period. GAMMA Investing LLC owned 0.57% of Madison Square Garden Sports worth $26,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of Madison Square Garden Sports by 81.4% during the 4th quarter. Allworth Financial LP now owns 127 shares of the company's stock worth $28,000 after purchasing an additional 57 shares during the last quarter. Putney Financial Group LLC acquired a new position in shares of Madison Square Garden Sports in the fourth quarter valued at approximately $28,000. Heck Capital Advisors LLC purchased a new position in shares of Madison Square Garden Sports during the fourth quarter valued at approximately $43,000. Headlands Technologies LLC boosted its position 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 acquiring an additional 244 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position 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 acquiring an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company's stock.

Madison Square Garden Sports Stock Up 0.7%

Shares of MSGS stock traded up $1.41 on Friday, reaching $191.16. 102,709 shares of the stock were exchanged, compared to its average volume of 113,808. The stock has a market cap of $4.59 billion, a P/E ratio of 80.66 and a beta of 0.77. The firm has a 50 day moving average of $190.42 and a two-hundred day moving average of $205.38. 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 posted its quarterly earnings results on Friday, May 2nd. The company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($2.07). The firm had revenue of $424.20 million for the quarter, compared to analysts' expectations of $436.84 million. Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. Madison Square Garden Sports's revenue was down 1.3% on a year-over-year basis. During the same period last year, the firm posted $1.57 EPS. On average, equities research analysts predict that Madison Square Garden Sports Corp. will post 0.73 EPS for the current fiscal year.

Insider Transactions at Madison Square Garden Sports

In related news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of Madison Square Garden Sports stock in a transaction on Monday, March 10th. The shares were sold at an average price of $189.92, for a total transaction of $6,044,204.00. Following the transaction, the insider now owns 5,097 shares in the company, valued at approximately $968,022.24. The trade was a 86.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 18.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MSGS shares. Morgan Stanley cut their price target on Madison Square Garden Sports from $235.00 to $215.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. Macquarie upped their target price on Madison Square Garden Sports from $240.00 to $250.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on Madison Square Garden Sports from $240.00 to $230.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. 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. Finally, Susquehanna assumed coverage on shares of Madison Square Garden Sports in a report on Monday, April 28th. They set a "positive" rating and a $254.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Madison Square Garden Sports currently has an average rating of "Moderate Buy" and an average target price 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.