Vanguard Group Inc. Purchases 33,641 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Vanguard Group Inc. lifted its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,945,194 shares of the company's stock after purchasing an additional 33,641 shares during the period. Vanguard Group Inc. owned 8.12% of Madison Square Garden Sports worth $438,991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP increased its position in Madison Square Garden Sports by 81.4% in 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 in the last quarter. Fifth Third Bancorp lifted its holdings in Madison Square Garden Sports by 119.0% during 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 acquired a new stake in shares of Madison Square Garden Sports in the 4th quarter valued at $43,000. Versant Capital Management Inc raised its position 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 acquiring an additional 61 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position 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 worth $62,000 after purchasing an additional 220 shares during the period. 68.94% of the stock is currently owned by institutional investors and hedge funds.

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Madison Square Garden Sports Trading Down 6.7 %

Shares of NYSE:MSGS traded down $12.98 during mid-day trading on Friday, reaching $180.37. The stock had a trading volume of 341,636 shares, compared to its average volume of 110,017. The firm has a 50 day simple moving average of $202.25 and a two-hundred day simple moving average of $214.30. Madison Square Garden Sports Corp. has a twelve month low of $178.35 and a twelve month high of $237.99. The firm has a market cap of $4.33 billion, a PE ratio of 76.11 and a beta of 0.81.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last posted 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). Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The firm had revenue of $357.80 million during the quarter, compared to analyst estimates of $352.68 million. During the same quarter last year, the business posted $0.59 earnings per share. The company's revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts anticipate that Madison Square Garden Sports Corp. will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the business'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 value of $6,044,204.00. Following the completion of the transaction, the insider now directly owns 5,097 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 22.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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