26,721 Shares in Madison Square Garden Sports Corp. (NYSE:MSGS) Purchased by Monimus Capital Management LP

Monimus Capital Management LP acquired a new stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 26,721 shares of the company's stock, valued at approximately $6,030,000. Madison Square Garden Sports accounts for about 5.7% of Monimus Capital Management LP's portfolio, making the stock its 3rd largest holding. Monimus Capital Management LP owned about 0.11% of Madison Square Garden Sports as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP grew its position 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 valued at $28,000 after acquiring an additional 57 shares during the period. Fifth Third Bancorp boosted 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 worth $31,000 after buying an additional 75 shares during the period. Heck Capital Advisors LLC bought a new position in Madison Square Garden Sports in the 4th quarter worth $43,000. Venturi Wealth Management LLC boosted its holdings in Madison Square Garden Sports by 31.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 223 shares of the company's stock worth $46,000 after buying an additional 53 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Madison Square Garden Sports by 35.3% in the 4th 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 period. Institutional investors own 68.94% of the company's stock.

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Madison Square Garden Sports Trading Up 1.8 %

Madison Square Garden Sports stock traded up $3.41 during mid-day trading on Wednesday, hitting $194.42. The stock had a trading volume of 198,653 shares, compared to its average volume of 103,715. The firm has a market capitalization of $4.67 billion, a P/E ratio of 82.03 and a beta of 0.91. The firm's 50 day moving average is $207.59 and its 200 day moving average is $215.13. Madison Square Garden Sports Corp. has a one year low of $178.35 and a one year high of $237.99.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last issued its 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 during 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%. The company's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. As a group, equities research analysts forecast that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Macquarie upped 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 report on Tuesday, February 25th.

Insiders Place Their Bets

In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the company's 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 directly owns 5,097 shares in the company, valued at approximately $968,022.24. This represents a 86.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 22.10% of the company's stock.

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.