Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC reduced its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 15.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 85,242 shares of the company's stock after selling 15,245 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.36% of Madison Square Garden Sports worth $19,237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSGS. T. Rowe Price Investment Management Inc. lifted its stake in shares of Madison Square Garden Sports by 1,854.0% in 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 last quarter. Norges Bank bought a new position in Madison Square Garden Sports in the fourth quarter worth approximately $54,052,000. Empirical Asset Management LLC purchased a new position in Madison Square Garden Sports during the 4th quarter worth $26,120,000. Wealthfront Advisers LLC bought a new stake in Madison Square Garden Sports during the 4th quarter valued at $16,844,000. Finally, First Trust Advisors LP lifted its holdings in shares of Madison Square Garden Sports by 377.1% in the 4th quarter. First Trust Advisors LP now owns 57,879 shares of the company's stock worth $13,062,000 after buying an additional 45,748 shares during the period. 68.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Madison Square Garden Sports

In related 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 shares were sold at an average price of $189.92, for a total transaction of $6,044,204.00. Following the sale, the insider now directly owns 5,097 shares in the company, valued at $968,022.24. This trade represents a 86.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 22.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MSGS shares. Macquarie upped 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. Susquehanna assumed coverage on Madison Square Garden Sports in a research report on Monday. They set a "positive" rating and a $254.00 target price on the stock.

Madison Square Garden Sports Price Performance

MSGS stock traded up $0.79 during midday trading on Thursday, hitting $193.36. 49,893 shares of the stock traded hands, compared to its average volume of 112,860. The firm has a market cap of $4.64 billion, a P/E ratio of 81.58 and a beta of 0.81. Madison Square Garden Sports Corp. has a 1-year low of $173.26 and a 1-year high of $237.99. The stock's fifty day simple moving average is $192.83 and its 200-day simple moving average is $211.11.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The business had revenue of $357.80 million during the quarter, compared to analyst estimates of $352.68 million. During the same quarter in the previous year, the company posted $0.59 EPS. The firm's revenue was up 9.5% on a year-over-year basis. On average, research analysts predict 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.