Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by MYDA Advisors LLC

MYDA Advisors LLC lessened its position in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the company's stock after selling 5,000 shares during the period. Madison Square Garden Sports comprises 1.7% of MYDA Advisors LLC's portfolio, making the stock its 19th largest holding. MYDA Advisors LLC owned approximately 0.13% of Madison Square Garden Sports worth $6,770,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in Madison Square Garden Sports by 81.4% in the fourth quarter. Allworth Financial LP now owns 127 shares of the company's stock valued at $28,000 after acquiring an additional 57 shares during the last quarter. Fifth Third Bancorp grew its position in Madison Square Garden Sports by 119.0% in the fourth quarter. Fifth Third Bancorp now owns 138 shares of the company's stock valued at $31,000 after acquiring an additional 75 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Madison Square Garden Sports during the fourth quarter valued at approximately $43,000. Versant Capital Management Inc boosted its stake in shares of Madison Square Garden Sports by 35.3% in the fourth quarter. Versant Capital Management Inc now owns 234 shares of the company's stock valued at $53,000 after purchasing an additional 61 shares during the period. Finally, Headlands Technologies LLC grew its holdings in Madison Square Garden Sports by 1,016.7% during the 4th quarter. Headlands Technologies LLC now owns 268 shares of the company's stock valued at $60,000 after purchasing an additional 244 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company's stock.

Analyst Ratings Changes

Separately, Macquarie lifted their target price on Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th.

Madison Square Garden Sports Stock Up 0.4 %

Shares of MSGS traded up $0.70 during mid-day trading on Friday, hitting $192.44. The stock had a trading volume of 46,778 shares, compared to its average volume of 112,808. Madison Square Garden Sports Corp. has a fifty-two week low of $173.26 and a fifty-two week high of $237.99. The company's fifty day simple moving average is $193.82 and its two-hundred day simple moving average is $211.70. The company has a market cap of $4.62 billion, a PE ratio of 81.16 and a beta of 0.81.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). The business had revenue of $357.80 million during the quarter, compared to the consensus estimate of $352.68 million. Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The business's revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 EPS. Equities analysts expect that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.

Insider Transactions 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 transaction of $6,044,204.00. Following the completion of the transaction, the insider now owns 5,097 shares in the company, valued at approximately $968,022.24. The trade was a 86.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 22.10% of the company's stock.

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.