3,200 Shares in Madison Square Garden Sports Corp. (NYSE:MSGS) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,200 shares of the company's stock, valued at approximately $722,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSGS. Allworth Financial LP increased its stake in shares of Madison Square Garden Sports by 81.4% in the fourth quarter. Allworth Financial LP now owns 127 shares of the company's stock worth $28,000 after purchasing an additional 57 shares during the period. Fifth Third Bancorp grew its holdings in Madison Square Garden Sports by 119.0% in the 4th quarter. Fifth Third Bancorp now owns 138 shares of the company's stock valued at $31,000 after buying an additional 75 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Madison Square Garden Sports in the 4th quarter worth approximately $43,000. Versant Capital Management Inc lifted its holdings in shares of 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 during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Madison Square Garden Sports by 423.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 272 shares of the company's stock valued at $62,000 after acquiring an additional 220 shares during the period. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 transaction, the insider now directly owns 5,097 shares in the company, valued at $968,022.24. The trade was a 86.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.10% of the stock is owned by corporate insiders.

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Madison Square Garden Sports Price Performance

Shares of NYSE MSGS traded down $12.98 during mid-day trading on Friday, hitting $180.37. The company had a trading volume of 341,636 shares, compared to its average volume of 110,017. Madison Square Garden Sports Corp. has a 12 month low of $178.35 and a 12 month high of $237.99. The firm has a market cap of $4.33 billion, a P/E ratio of 76.11 and a beta of 0.81. The business's 50-day simple moving average is $202.25 and its 200-day simple moving average is $214.30.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last released 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 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%. Madison Square Garden Sports's revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. As a group, sell-side analysts predict that Madison Square Garden Sports Corp. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Macquarie boosted their target price on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an "outperform" rating in a research 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.