UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $9.91 Million Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 43,926 shares of the company's stock after acquiring an additional 5,864 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of Madison Square Garden Sports worth $9,913,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MSGS. Vanguard Group Inc. boosted its holdings in Madison Square Garden Sports by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 1,945,194 shares of the company's stock valued at $438,991,000 after acquiring an additional 33,641 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake 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 valued at $112,526,000 after purchasing an additional 473,090 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Madison Square Garden Sports by 16.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 255,339 shares of the company's stock valued at $57,625,000 after purchasing an additional 36,799 shares during the period. Norges Bank acquired a new stake in Madison Square Garden Sports in the 4th quarter valued at approximately $54,052,000. Finally, Dimensional Fund Advisors LP increased its position in Madison Square Garden Sports by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 222,090 shares of the company's stock worth $50,124,000 after buying an additional 9,979 shares during the period. 68.94% of the stock is owned by institutional investors.

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 the business's stock in a transaction on 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 transaction, the insider now owns 5,097 shares of the company's stock, valued at approximately $968,022.24. The trade was a 86.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 18.05% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Guggenheim reiterated a "buy" rating and set a $314.00 target price on shares of Madison Square Garden Sports in a research note on Tuesday, May 6th. JPMorgan Chase & Co. cut their price target 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. Susquehanna began coverage on 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. Macquarie boosted their price objective on Madison Square Garden Sports from $240.00 to $250.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley reduced their target price on Madison Square Garden Sports from $235.00 to $215.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Madison Square Garden Sports currently has a consensus rating of "Moderate Buy" and a consensus price target of $252.60.

Madison Square Garden Sports Stock Down 0.0%

MSGS traded down $0.02 during midday trading on Tuesday, reaching $189.74. 44,404 shares of the company's stock were exchanged, compared to its average volume of 113,243. The business has a 50-day simple moving average of $190.97 and a two-hundred day simple moving average of $206.33. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 80.06 and a beta of 0.78. Madison Square Garden Sports Corp. has a one year low of $173.26 and a one year high of $237.99.

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