Charles Schwab Investment Management Inc. Buys 3,675 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Charles Schwab Investment Management Inc. increased its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,530 shares of the company's stock after buying an additional 3,675 shares during the period. Charles Schwab Investment Management Inc. owned 0.48% of Madison Square Garden Sports worth $26,073,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MSGS. State Street Corp raised its stake in Madison Square Garden Sports by 1.2% during the 3rd quarter. State Street Corp now owns 549,108 shares of the company's stock worth $114,357,000 after buying an additional 6,640 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Madison Square Garden Sports in the third quarter valued at about $861,000. Levin Capital Strategies L.P. boosted its position in shares of Madison Square Garden Sports by 118.5% during the fourth quarter. Levin Capital Strategies L.P. now owns 3,039 shares of the company's stock worth $686,000 after buying an additional 1,648 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Madison Square Garden Sports in the fourth quarter valued at approximately $3,413,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Madison Square Garden Sports in the third quarter worth $264,000. 68.94% of the stock is currently owned by institutional investors.

Madison Square Garden Sports Stock Up 0.2 %

Shares of NYSE:MSGS traded up $0.43 during midday trading on Friday, hitting $198.18. The stock had a trading volume of 111,931 shares, compared to its average volume of 105,311. The company has a market cap of $4.76 billion, a P/E ratio of 83.62 and a beta of 0.91. The business's 50-day simple moving average is $206.81 and its 200-day simple moving average is $214.86. Madison Square Garden Sports Corp. has a 12 month low of $178.35 and a 12 month high of $237.99.

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Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). The business had revenue of $357.80 million for 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 company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 EPS. As a group, equities analysts predict that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of Madison Square Garden Sports stock in a transaction 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 transaction, the insider now owns 5,097 shares in the company, valued at approximately $968,022.24. This trade represents a 86.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 22.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Macquarie lifted 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.

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.