Geode Capital Management LLC Trims Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Geode Capital Management LLC cut its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 271,895 shares of the company's stock after selling 1,327 shares during the period. Geode Capital Management LLC owned 1.14% of Madison Square Garden Sports worth $61,382,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Allworth Financial LP increased its stake in Madison Square Garden Sports by 81.4% in the 4th quarter. Allworth Financial LP now owns 127 shares of the company's stock worth $28,000 after acquiring an additional 57 shares during the last quarter. Fifth Third Bancorp grew its stake in Madison Square Garden Sports by 119.0% in the 4th quarter. Fifth Third Bancorp now owns 138 shares of the company's stock worth $31,000 after buying an additional 75 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Madison Square Garden Sports in the 4th quarter worth $43,000. Versant Capital Management Inc raised its position in shares of Madison Square Garden Sports by 35.3% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company's stock valued at $53,000 after buying an additional 61 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in 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 last quarter. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Madison Square Garden Sports

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

Analyst Ratings Changes

Separately, Macquarie increased 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 Stock Up 1.4 %

Shares of MSGS traded up $2.69 during trading hours on Friday, hitting $191.52. The company had a trading volume of 72,772 shares, compared to its average volume of 112,456. The firm has a market cap of $4.60 billion, a P/E ratio of 80.81 and a beta of 0.81. Madison Square Garden Sports Corp. has a 52-week low of $173.26 and a 52-week high of $237.99. The stock's 50 day moving average price is $195.93 and its 200 day moving average price is $212.53.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $357.80 million for the quarter, compared to analysts' expectations of $352.68 million. Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The company's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 EPS. On average, research analysts expect that Madison Square Garden Sports Corp. will post 0.73 EPS for the current fiscal year.

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.