UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Madison Square Garden Sports Corp. (NYSE:MSGS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,926 shares of the company's stock after buying 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 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Allworth Financial LP increased its stake 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 purchasing an additional 57 shares in the last quarter. Fifth Third Bancorp increased its position in Madison Square Garden Sports by 119.0% during the 4th quarter. Fifth Third Bancorp now owns 138 shares of the company's stock valued at $31,000 after buying an additional 75 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Madison Square Garden Sports during the 4th quarter valued at approximately $43,000. Headlands Technologies LLC raised its stake in Madison Square Garden Sports by 1,016.7% during the fourth quarter. Headlands Technologies LLC now owns 268 shares of the company's stock valued at $60,000 after buying an additional 244 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Madison Square Garden Sports by 423.1% in the fourth 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. 68.94% of the stock is owned by institutional investors.

Madison Square Garden Sports Stock Down 0.3%

MSGS traded down $0.52 during midday trading on Wednesday, hitting $188.82. 151,610 shares of the company traded hands, compared to its average volume of 113,583. The company's 50-day moving average is $190.66 and its 200 day moving average is $206.09. The firm has a market capitalization of $4.53 billion, a PE ratio of 79.67 and a beta of 0.77. 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 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). Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The company had revenue of $424.20 million for the quarter, compared to the consensus estimate of $436.84 million. During the same quarter last year, the company earned $1.57 EPS. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. On average, sell-side analysts predict that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced 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. Morgan Stanley reduced their price objective on shares of Madison Square Garden Sports from $235.00 to $215.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Susquehanna assumed coverage on shares of Madison Square Garden Sports in a report on Monday, April 28th. They issued a "positive" rating and a $254.00 target price for the company. Macquarie increased their price target on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Finally, Guggenheim restated a "buy" rating and issued a $314.00 price objective on shares of Madison Square Garden Sports in a report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $252.60.

Insider Activity

In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the company's stock in a transaction dated 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 owns 5,097 shares of the company's stock, valued at $968,022.24. This represents a 86.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 18.05% of the company's stock.

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.