Quantinno Capital Management LP Has $2.80 Million Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Quantinno Capital Management LP increased its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 25.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,411 shares of the company's stock after purchasing an additional 2,524 shares during the period. Quantinno Capital Management LP owned approximately 0.05% of Madison Square Garden Sports worth $2,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MSGS. T. Rowe Price Investment Management Inc. lifted its holdings in Madison Square Garden Sports by 1,854.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 498,607 shares of the company's stock worth $112,526,000 after purchasing an additional 473,090 shares during the last quarter. Norges Bank acquired a new stake in Madison Square Garden Sports during the 4th quarter worth approximately $54,052,000. Wealthfront Advisers LLC acquired a new stake in Madison Square Garden Sports during the 4th quarter worth approximately $16,844,000. Balyasny Asset Management L.P. lifted its holdings in 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 worth $28,787,000 after purchasing an additional 60,112 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Madison Square Garden Sports by 377.1% during the 4th quarter. First Trust Advisors LP now owns 57,879 shares of the company's stock worth $13,062,000 after purchasing an additional 45,748 shares during the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $189.92, for a total value of $6,044,204.00. Following the sale, 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 filing with the SEC, which is accessible through this link. 18.05% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on MSGS. Guggenheim reaffirmed a "buy" rating and issued a $314.00 price objective on shares of Madison Square Garden Sports in a report on Tuesday, May 6th. Susquehanna began coverage on Madison Square Garden Sports in a report on Monday, April 28th. They issued a "positive" rating and a $254.00 price objective for the company. Macquarie lifted their price objective on Madison Square Garden Sports from $240.00 to $250.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Morgan Stanley dropped their price objective 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. Finally, JPMorgan Chase & Co. dropped their price objective on Madison Square Garden Sports from $240.00 to $230.00 and set an "overweight" rating for the company in a report on Monday, May 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Madison Square Garden Sports presently has a consensus rating of "Moderate Buy" and an average price target of $252.60.

Madison Square Garden Sports Stock Performance

Madison Square Garden Sports stock opened at $198.32 on Tuesday. Madison Square Garden Sports Corp. has a 52 week low of $173.26 and a 52 week high of $237.99. The stock has a market capitalization of $4.76 billion, a P/E ratio of 83.68 and a beta of 0.78. The stock has a fifty day moving average of $191.67 and a 200-day moving average of $208.58.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported ($0.59) earnings per share 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 the consensus estimate 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 company's revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 EPS. On average, research analysts forecast that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.

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.

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