Pullen Investment Management LLC Increases Stock Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Pullen Investment Management LLC grew its position in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 46.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,431 shares of the company's stock after acquiring an additional 2,347 shares during the quarter. Pullen Investment Management LLC's holdings in Madison Square Garden Sports were worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Putney Financial Group LLC purchased a new position in shares of Madison Square Garden Sports in the fourth quarter valued at $28,000. Allworth Financial LP lifted its position in 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 purchasing an additional 57 shares during the last quarter. Fifth Third Bancorp increased its holdings 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 buying an additional 75 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Madison Square Garden Sports during the 4th quarter valued at about $43,000. Finally, Headlands Technologies LLC raised its position in shares of Madison Square Garden Sports by 1,016.7% during the 4th quarter. Headlands Technologies LLC now owns 268 shares of the company's stock valued at $60,000 after buying an additional 244 shares in the last quarter. Institutional investors own 68.94% of the company's stock.

Insider Buying and Selling at Madison Square Garden Sports

In other Madison Square Garden Sports 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 stock was 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 of the company's stock, valued at $968,022.24. The trade was a 86.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.05% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MSGS shares. Macquarie boosted their price objective on 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 cut 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 report on Monday, May 5th. Susquehanna assumed coverage on Madison Square Garden Sports in a research report on Monday, April 28th. They issued a "positive" rating and a $254.00 price target for the company. Guggenheim reaffirmed a "buy" rating and set a $314.00 price objective on shares of Madison Square Garden Sports in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. reduced 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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $252.60.

Madison Square Garden Sports Trading Down 0.3%

Shares of MSGS stock traded down $0.63 on Friday, reaching $189.01. 28,822 shares of the company's stock were exchanged, compared to its average volume of 113,358. The company's fifty day simple moving average is $191.30 and its 200 day simple moving average is $206.99. The stock has a market capitalization of $4.54 billion, a PE ratio of 79.75 and a beta of 0.78. 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 issued its 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 company 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%. The firm'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 earnings per share. As a group, sell-side analysts predict that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Madison Square Garden Sports Company 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.