Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by Jump Financial LLC

Jump Financial LLC trimmed its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 46.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,979 shares of the company's stock after selling 6,113 shares during the period. Jump Financial LLC's holdings in Madison Square Garden Sports were worth $1,575,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MSGS. Vanguard Group Inc. grew its holdings in shares of Madison Square Garden Sports by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 1,945,194 shares of the company's stock worth $438,991,000 after purchasing an additional 33,641 shares during the period. Geode Capital Management LLC grew its stake in Madison Square Garden Sports by 0.7% during the third quarter. Geode Capital Management LLC now owns 273,222 shares of the company's stock worth $56,916,000 after buying an additional 1,913 shares during the period. Norges Bank acquired a new stake in shares of Madison Square Garden Sports in the fourth quarter worth $54,052,000. Empirical Asset Management LLC purchased a new position in shares of Madison Square Garden Sports in the 4th quarter valued at $26,120,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Madison Square Garden Sports by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 115,530 shares of the company's stock valued at $26,073,000 after acquiring an additional 3,675 shares in the last quarter. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

Madison Square Garden Sports Stock Up 0.9 %

Shares of MSGS traded up $1.65 during mid-day trading on Wednesday, reaching $189.74. 88,331 shares of the stock traded hands, compared to its average volume of 113,393. Madison Square Garden Sports Corp. has a 12-month low of $173.26 and a 12-month high of $237.99. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 80.06 and a beta of 0.81. The stock has a fifty day simple moving average of $194.66 and a 200 day simple moving average of $212.01.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.25). 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 $357.80 million for the quarter, compared to analysts' expectations of $352.68 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. Madison Square Garden Sports's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Madison Square Garden Sports

In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $189.92, for a total transaction of $6,044,204.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Madison Square Garden Sports 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.