Systematic Financial Management LP Has $28.49 Million Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Systematic Financial Management LP lifted its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 126,249 shares of the company's stock after purchasing an additional 1,922 shares during the period. Systematic Financial Management LP owned 0.53% of Madison Square Garden Sports worth $28,492,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Quantinno Capital Management LP raised its holdings in Madison Square Garden Sports by 25.5% in the fourth quarter. Quantinno Capital Management LP now owns 12,411 shares of the company's stock worth $2,801,000 after purchasing an additional 2,524 shares during the period. Nomura Holdings Inc. lifted its holdings in Madison Square Garden Sports by 10.0% during the fourth quarter. Nomura Holdings Inc. now owns 44,790 shares of the company's stock worth $10,108,000 after acquiring an additional 4,076 shares in the last quarter. Obermeyer Wealth Partners bought a new stake in shares of Madison Square Garden Sports in the fourth quarter worth about $202,000. Lazard Asset Management LLC acquired a new stake in shares of Madison Square Garden Sports during the fourth quarter worth about $1,374,000. Finally, Gotham Asset Management LLC raised its position in shares of Madison Square Garden Sports by 7.3% during the fourth quarter. Gotham Asset Management LLC now owns 58,709 shares of the company's stock worth $13,249,000 after purchasing an additional 3,979 shares during the period. 68.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MSGS. Susquehanna assumed coverage on Madison Square Garden Sports in a research report on Monday, April 28th. They issued a "positive" rating and a $254.00 price objective for the company. Guggenheim reiterated a "buy" rating and issued a $314.00 price target on shares of Madison Square Garden Sports in a report on Tuesday, May 6th. Morgan Stanley dropped their price objective on shares of Madison Square Garden Sports from $235.00 to $215.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. reduced their target price on shares of Madison Square Garden Sports from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Macquarie lifted their price target on Madison Square Garden Sports from $240.00 to $250.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Madison Square Garden Sports has a consensus rating of "Moderate Buy" and a consensus target price of $252.60.

Madison Square Garden Sports Trading Down 0.4%

Shares of NYSE MSGS traded down $0.86 during midday trading on Thursday, reaching $190.28. The company's stock had a trading volume of 51,572 shares, compared to its average volume of 113,022. The stock has a 50 day simple moving average of $191.94 and a 200-day simple moving average of $208.38. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 80.28 and a beta of 0.78. 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). 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 $424.20 million during the quarter, compared to analyst estimates of $436.84 million. During the same quarter in the previous year, the firm posted $1.57 earnings per share. The firm's quarterly revenue was down 1.3% on a year-over-year basis. As a group, equities analysts anticipate that Madison Square Garden Sports Corp. will post 0.73 EPS for the current year.

Insider Activity at Madison Square Garden Sports

In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 5,097 shares of the company's stock, valued at approximately $968,022.24. This represents a 86.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 18.05% of the stock is owned by company insiders.

Madison Square Garden Sports Company 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.