7,640 Shares in Madison Square Garden Sports Corp. (NYSE:MSGS) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,640 shares of the company's stock, valued at approximately $1,724,000.

Several other institutional investors have also added to or reduced their stakes in MSGS. Barclays PLC boosted its position in shares of Madison Square Garden Sports by 8.4% in the third quarter. Barclays PLC now owns 14,668 shares of the company's stock valued at $3,056,000 after acquiring an additional 1,131 shares during the period. Franklin Resources Inc. increased its holdings in shares of Madison Square Garden Sports by 1.3% during the third quarter. Franklin Resources Inc. now owns 99,847 shares of the company's stock worth $21,706,000 after purchasing an additional 1,326 shares during the period. Inspire Trust Co. N.A. raised its position in shares of Madison Square Garden Sports by 18.6% in the third quarter. Inspire Trust Co. N.A. now owns 7,000 shares of the company's stock valued at $1,458,000 after buying an additional 1,100 shares in the last quarter. Versant Capital Management Inc grew its position in Madison Square Garden Sports by 35.3% during the fourth quarter. Versant Capital Management Inc now owns 234 shares of the company's stock worth $53,000 after buying an additional 61 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Madison Square Garden Sports by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 916 shares of the company's stock worth $207,000 after acquiring an additional 278 shares during the period. 68.94% of the stock is currently owned by institutional investors.

Insider Activity at Madison Square Garden Sports

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 dated 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 sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 22.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MSGS has been the topic of several analyst reports. Macquarie increased their target price on Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Susquehanna initiated coverage on shares of Madison Square Garden Sports in a research report on Monday, April 28th. They issued a "positive" rating and a $254.00 target price for the company. Morgan Stanley reduced 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 report on Monday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Madison Square Garden Sports from $240.00 to $230.00 and set an "overweight" rating for the company in a research report on Monday.

Madison Square Garden Sports Stock Performance

Shares of Madison Square Garden Sports stock traded up $2.37 during midday trading on Monday, hitting $189.73. 93,286 shares of the company traded hands, compared to its average volume of 112,987. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 79.90 and a beta of 0.78. The firm's fifty day moving average price is $192.36 and its 200-day moving average price is $210.59. Madison Square Garden Sports Corp. has a 12 month low of $173.26 and a 12 month high of $237.99.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported ($0.59) EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($2.07). The firm had revenue of $424.20 million during the quarter, compared to the consensus estimate 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 earnings per share. Equities research analysts forecast that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current 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.