Nomura Holdings Inc. Grows Stock Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Nomura Holdings Inc. boosted its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 44,790 shares of the company's stock after purchasing an additional 4,076 shares during the period. Nomura Holdings Inc. owned approximately 0.19% of Madison Square Garden Sports worth $10,108,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in Madison Square Garden Sports during the 4th quarter worth about $1,032,000. Proficio Capital Partners LLC purchased a new stake in shares of Madison Square Garden Sports during the 4th quarter worth about $3,413,000. Levin Capital Strategies L.P. boosted its stake in shares of Madison Square Garden Sports by 118.5% during the 4th quarter. Levin Capital Strategies L.P. now owns 3,039 shares of the company's stock worth $686,000 after acquiring an additional 1,648 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Madison Square Garden Sports during the 4th quarter worth about $16,844,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Madison Square Garden Sports during the 4th quarter worth about $685,000. 68.94% of the stock is owned by institutional investors and hedge funds.

Madison Square Garden Sports Trading Up 0.5%

MSGS stock traded up $0.93 during mid-day trading on Friday, reaching $197.69. The company's stock had a trading volume of 110,560 shares, compared to its average volume of 113,432. The stock has a market cap of $4.75 billion, a PE ratio of 83.42 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. The company's 50 day moving average is $191.47 and its two-hundred day moving average is $208.84.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported ($0.59) EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($2.07). The business had revenue of $424.20 million during 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 firm's revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 EPS. On average, analysts forecast that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Insider Transactions at Madison Square Garden Sports

In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the firm'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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 18.05% of the company's stock.

Wall Street Analysts Forecast Growth

MSGS has been the topic of several recent analyst reports. Guggenheim reissued a "buy" rating and set a $314.00 target price on shares of Madison Square Garden Sports in a research note on Tuesday, May 6th. Macquarie raised 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 research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on shares of Madison Square Garden Sports from $240.00 to $230.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Morgan Stanley decreased their price target on shares of Madison Square Garden Sports from $235.00 to $215.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Finally, Susquehanna assumed coverage on shares of Madison Square Garden Sports in a research note on Monday, April 28th. They issued a "positive" rating and a $254.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $252.60.

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.