Pullen Investment Management LLC Acquires 3,313 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Pullen Investment Management LLC lifted its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 44.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,744 shares of the company's stock after buying an additional 3,313 shares during the quarter. Madison Square Garden Sports makes up 1.3% of Pullen Investment Management LLC's holdings, making the stock its 19th largest holding. Pullen Investment Management LLC's holdings in Madison Square Garden Sports were worth $2,092,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MSGS. Allworth Financial LP grew its holdings in shares of Madison Square Garden Sports by 81.4% during the fourth quarter. Allworth Financial LP now owns 127 shares of the company's stock valued at $28,000 after buying an additional 57 shares during the last quarter. Putney Financial Group LLC acquired a new position in shares of Madison Square Garden Sports during the 4th quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new stake in Madison Square Garden Sports during the fourth quarter worth $43,000. Headlands Technologies LLC raised its stake in shares of Madison Square Garden Sports by 1,016.7% in the 4th quarter. Headlands Technologies LLC now owns 268 shares of the company's stock valued at $60,000 after acquiring an additional 244 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Madison Square Garden Sports by 423.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 272 shares of the company's stock worth $62,000 after acquiring an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 68.94% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Macquarie lifted their price target 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. Morgan Stanley reduced their target price 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. 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. 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 price objective on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $252.60.

Madison Square Garden Sports Price Performance

NYSE:MSGS traded down $2.11 during mid-day trading on Friday, reaching $187.38. The stock had a trading volume of 168,782 shares, compared to its average volume of 114,670. The stock has a market cap of $4.50 billion, a P/E ratio of 79.06 and a beta of 0.77. The business's 50 day moving average is $190.89 and its 200 day moving average is $204.34. Madison Square Garden Sports Corp. has a fifty-two week low of $173.26 and a fifty-two week high of $237.99.

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

Madison Square Garden Sports 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.