Jane Street Group LLC Sells 1,910 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Jane Street Group LLC trimmed its position in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,509 shares of the company's stock after selling 1,910 shares during the quarter. Jane Street Group LLC owned 0.06% of Madison Square Garden Sports worth $3,500,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its holdings in 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 buying an additional 473,090 shares during the period. Norges Bank bought a new position in Madison Square Garden Sports during the fourth quarter worth about $54,052,000. Empirical Asset Management LLC bought a new stake in shares of Madison Square Garden Sports in the 4th quarter valued at approximately $26,120,000. Wealthfront Advisers LLC acquired a new position in shares of Madison Square Garden Sports in the 4th quarter worth approximately $16,844,000. Finally, First Trust Advisors LP grew its position in Madison Square Garden Sports by 377.1% in the fourth quarter. First Trust Advisors LP now owns 57,879 shares of the company's stock valued at $13,062,000 after acquiring an additional 45,748 shares during the period. 68.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Madison Square Garden Sports

In related news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the business's stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 18.05% of the company's stock.

Analysts Set New Price Targets

MSGS has been the topic of several analyst reports. Guggenheim reaffirmed a "buy" rating and issued a $314.00 target price on shares of Madison Square Garden Sports in a report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their target price on Madison Square Garden Sports from $240.00 to $230.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Macquarie raised their price target 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. Susquehanna started coverage on Madison Square Garden Sports in a research note on Monday, April 28th. They issued a "positive" rating and a $254.00 price objective on the stock. Finally, Morgan Stanley lowered 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 note on Monday, May 5th. One investment analyst has rated the stock with a hold rating and four have given 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 an average price target of $252.60.

Madison Square Garden Sports Price Performance

MSGS stock opened at $195.13 on Tuesday. The stock has a market capitalization of $4.69 billion, a PE ratio of 82.33 and a beta of 0.78. The company has a 50 day moving average price of $191.16 and a 200 day moving average price of $209.47. Madison Square Garden Sports Corp. has a fifty-two week low of $173.26 and a fifty-two week high of $237.99.

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