JPMorgan Chase & Co. Sells 4,399 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

JPMorgan Chase & Co. trimmed its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,802 shares of the company's stock after selling 4,399 shares during the quarter. JPMorgan Chase & Co. owned about 0.43% of Madison Square Garden Sports worth $23,200,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP boosted its holdings in shares of Madison Square Garden Sports by 81.4% during the 4th quarter. Allworth Financial LP now owns 127 shares of the company's stock worth $28,000 after buying an additional 57 shares during the period. Versant Capital Management Inc grew its position in shares of Madison Square Garden Sports by 35.3% in the fourth quarter. Versant Capital Management Inc now owns 234 shares of the company's stock valued at $53,000 after purchasing an additional 61 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Madison Square Garden Sports by 119.0% during the fourth quarter. Fifth Third Bancorp now owns 138 shares of the company's stock worth $31,000 after purchasing an additional 75 shares during the period. Xponance Inc. lifted its holdings in Madison Square Garden Sports by 8.4% during the 4th quarter. Xponance Inc. now owns 1,105 shares of the company's stock worth $249,000 after purchasing an additional 86 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in Madison Square Garden Sports by 2.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 5,100 shares of the company's stock valued at $1,151,000 after purchasing an additional 100 shares during the period. 68.94% of the stock is currently owned by institutional investors and hedge funds.

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Madison Square Garden Sports Trading Up 0.9 %

Shares of NYSE:MSGS traded up $1.69 on Tuesday, reaching $192.04. 10,055 shares of the company's stock were exchanged, compared to its average volume of 131,825. Madison Square Garden Sports Corp. has a twelve month low of $173.26 and a twelve month high of $237.99. The company has a fifty day moving average of $196.95 and a 200-day moving average of $212.95. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 81.00 and a beta of 0.81.

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

Insider Buying and Selling

In related news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the 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 sale, 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 transaction was disclosed in a legal 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

Separately, Macquarie lifted 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.

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.