Charles Schwab Investment Management Inc. Increases Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Charles Schwab Investment Management Inc. increased its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,530 shares of the company’s stock after buying an additional 3,675 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Madison Square Garden Sports were worth $26,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Madison Square Garden Sports by 1.2% in the 3rd quarter. State Street Corp now owns 549,108 shares of the company’s stock valued at $114,357,000 after purchasing an additional 6,640 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Madison Square Garden Sports in the 3rd quarter valued at $861,000. Levin Capital Strategies L.P. lifted its holdings in 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. Proficio Capital Partners LLC purchased a new position in Madison Square Garden Sports in the 4th quarter valued at $3,413,000. Finally, Sanctuary Advisors LLC purchased a new position in Madison Square Garden Sports in the 3rd quarter valued at $264,000. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Macquarie raised their price objective on Madison Square Garden Sports from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th.

Insider Activity 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 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 owns 5,097 shares in the company, valued at approximately $968,022.24. This trade represents a 86.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 22.10% of the stock is currently owned by company insiders.

Madison Square Garden Sports Stock Up 1.7 %

Shares of MSGS opened at $192.08 on Tuesday. Madison Square Garden Sports Corp. has a 52-week low of $178.35 and a 52-week high of $237.99. The company has a market capitalization of $4.61 billion, a PE ratio of 81.05 and a beta of 0.91. The stock has a fifty day simple moving average of $208.10 and a two-hundred day simple moving average of $215.26.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 earnings per share (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 analyst estimates 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 firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 earnings per share. As a group, equities analysts anticipate that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

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.