Millennium Management LLC Sells 18,397 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Millennium Management LLC decreased its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 42.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,141 shares of the company's stock after selling 18,397 shares during the period. Millennium Management LLC owned approximately 0.10% of Madison Square Garden Sports worth $5,674,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP increased its stake in Madison Square Garden Sports by 81.4% during the 4th 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 period. Fifth Third Bancorp grew its stake in shares of Madison Square Garden Sports by 119.0% in the 4th quarter. Fifth Third Bancorp now owns 138 shares of the company's stock worth $31,000 after purchasing an additional 75 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Madison Square Garden Sports in the 4th quarter worth approximately $43,000. Headlands Technologies LLC grew 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 worth $60,000 after purchasing an additional 244 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Madison Square Garden Sports by 423.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 272 shares of the company's stock worth $62,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company's stock.

Madison Square Garden Sports Trading Up 0.1%

Shares of MSGS traded up $0.21 during midday trading on Friday, hitting $189.84. The stock had a trading volume of 114,113 shares, compared to its average volume of 113,534. Madison Square Garden Sports Corp. has a fifty-two week low of $173.26 and a fifty-two week high of $237.99. The business has a 50-day simple moving average of $191.15 and a two-hundred day simple moving average of $206.53. The firm has a market cap of $4.56 billion, a P/E ratio of 80.10 and a beta of 0.78.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported ($0.59) EPS for the quarter, missing the consensus estimate of $1.48 by ($2.07). The company had revenue of $424.20 million for 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%. The business's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 earnings per share. On average, analysts expect that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Susquehanna assumed 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 objective on the stock. JPMorgan Chase & Co. lowered their price objective 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. Guggenheim reaffirmed a "buy" rating and issued a $314.00 price objective on shares of Madison Square Garden Sports in a research note on Tuesday, May 6th. Macquarie lifted their price objective 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. Finally, Morgan Stanley decreased their target price on shares of 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Madison Square Garden Sports presently has an average rating of "Moderate Buy" and an average price target of $252.60.

Insider Buying and Selling

In related news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 5,097 shares in the company, valued at approximately $968,022.24. This trade represents a 86.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 18.05% of the stock is currently owned by corporate insiders.

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.