Gabelli Funds LLC Has $93.84 Million Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Gabelli Funds LLC trimmed its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 415,828 shares of the company's stock after selling 3,990 shares during the period. Madison Square Garden Sports comprises 0.7% of Gabelli Funds LLC's holdings, making the stock its 26th largest position. Gabelli Funds LLC owned approximately 1.74% of Madison Square Garden Sports worth $93,844,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Allworth Financial LP grew its stake 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 purchasing an additional 57 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of 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 buying an additional 75 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Madison Square Garden Sports during the fourth quarter worth $43,000. Versant Capital Management Inc raised 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 acquiring an additional 61 shares in the last quarter. Finally, Headlands Technologies LLC lifted its stake in Madison Square Garden Sports by 1,016.7% in the fourth quarter. Headlands Technologies LLC now owns 268 shares of the company's stock valued at $60,000 after acquiring an additional 244 shares during the last quarter. Institutional investors own 68.94% of the company's stock.

Analyst Ratings Changes

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

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 business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $189.92, for a total value of $6,044,204.00. Following the completion of the sale, the insider now owns 5,097 shares of the company's stock, valued at $968,022.24. The trade was a 86.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 22.10% of the stock is currently owned by corporate insiders.

Madison Square Garden Sports Price Performance

Madison Square Garden Sports stock traded up $2.69 during mid-day trading on Friday, hitting $191.52. 72,772 shares of the company's stock traded hands, compared to its average volume of 112,568. Madison Square Garden Sports Corp. has a fifty-two week low of $173.26 and a fifty-two week high of $237.99. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 80.81 and a beta of 0.81. The firm has a 50 day simple moving average of $195.60 and a two-hundred day simple moving average of $212.41.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced 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). Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The company had revenue of $357.80 million during the quarter, compared to analyst estimates of $352.68 million. During the same quarter last year, the company posted $0.59 EPS. The firm's quarterly revenue was up 9.5% on a year-over-year basis. On average, research analysts anticipate that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

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.