One68 Global Capital LLC bought a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,500 shares of the company's stock, valued at approximately $1,241,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Madison Square Garden Sports during the fourth quarter worth $1,032,000. Proficio Capital Partners LLC acquired a new position in Madison Square Garden Sports during the 4th quarter valued at about $3,413,000. Levin Capital Strategies L.P. lifted its position in 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 valued at $686,000 after purchasing an additional 1,648 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of Madison Square Garden Sports during the 4th quarter worth approximately $16,844,000. Finally, SG Americas Securities LLC bought a new stake in shares of Madison Square Garden Sports during the fourth quarter worth approximately $685,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.
Madison Square Garden Sports Stock Down 2.6 %
Shares of MSGS traded down $5.06 during trading hours on Friday, reaching $187.79. The stock had a trading volume of 219,233 shares, compared to its average volume of 113,177. The company has a market cap of $4.51 billion, a P/E ratio of 79.24 and a beta of 0.81. Madison Square Garden Sports Corp. has a 52 week low of $173.26 and a 52 week high of $237.99. The firm has a 50-day moving average of $192.36 and a 200 day moving average of $210.72.
Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced 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 negative return on equity of 20.50% and a net margin of 5.33%. The business had revenue of $424.20 million during the quarter, compared to the consensus estimate of $436.84 million. During the same quarter last year, the company earned $1.57 earnings per share. The firm's revenue was down 1.3% compared to the same quarter last year. As a group, equities analysts expect that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms have recently issued reports on MSGS. Susquehanna started coverage on Madison Square Garden Sports in a research report on Monday, April 28th. They issued a "positive" rating and a $254.00 price target on the stock. Macquarie upped 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.
Read Our Latest Analysis on MSGS
Insiders Place Their Bets
In other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the company's 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 of the company's stock, valued at approximately $968,022.24. This represents a 86.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 22.10% of the company's stock.
Madison Square Garden Sports Company Profile
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Free Report)
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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