Proficio Capital Partners LLC Takes $3.41 Million Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Proficio Capital Partners LLC purchased a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,121 shares of the company's stock, valued at approximately $3,413,000. Proficio Capital Partners LLC owned 0.06% of Madison Square Garden Sports as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of MSGS. Charles Schwab Investment Management Inc. grew its stake in Madison Square Garden Sports by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 115,530 shares of the company's stock worth $26,073,000 after buying an additional 3,675 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Madison Square Garden Sports by 423.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 272 shares of the company's stock valued at $62,000 after purchasing an additional 220 shares in the last quarter. Levin Capital Strategies L.P. boosted its stake in shares of Madison Square Garden Sports by 118.5% in the 4th quarter. Levin Capital Strategies L.P. now owns 3,039 shares of the company's stock valued at $686,000 after purchasing an additional 1,648 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Madison Square Garden Sports by 134.8% in the 4th quarter. IFP Advisors Inc now owns 540 shares of the company's stock valued at $122,000 after purchasing an additional 310 shares in the last quarter. Finally, First Bank & Trust acquired a new stake in shares of Madison Square Garden Sports in the 4th quarter valued at approximately $205,000. 68.94% of the stock is owned by institutional investors.

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Madison Square Garden Sports Trading Up 0.2 %

NYSE:MSGS traded up $0.43 during mid-day trading on Friday, hitting $198.18. 264,604 shares of the company's stock were exchanged, compared to its average volume of 105,213. The company has a 50 day simple moving average of $206.52 and a 200-day simple moving average of $214.78. Madison Square Garden Sports Corp. has a fifty-two week low of $178.35 and a fifty-two week high of $237.99. The firm has a market capitalization of $4.76 billion, a P/E ratio of 83.62 and a beta of 0.91.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.05 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 analyst estimates of $352.68 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The firm's quarterly revenue was up 9.5% on a year-over-year basis. As a group, analysts expect that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the firm's 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 22.10% of the company's stock.

Wall Street Analysts Forecast Growth

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