Madison Square Garden Sports Corp. (NYSE:MSGS) Stock Holdings Lowered by Marshall Wace LLP

Marshall Wace LLP reduced its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,410 shares of the company’s stock after selling 838 shares during the quarter. Marshall Wace LLP’s holdings in Madison Square Garden Sports were worth $1,221,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP raised its holdings in shares of 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 purchasing an additional 57 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Madison Square Garden Sports by 119.0% during the fourth quarter. Fifth Third Bancorp now owns 138 shares of the company’s stock valued at $31,000 after acquiring an additional 75 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Madison Square Garden Sports during the fourth quarter valued at approximately $43,000. Versant Capital Management Inc raised its holdings 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 valued at $53,000 after acquiring an additional 61 shares during the period. Finally, Headlands Technologies LLC raised its holdings in shares of Madison Square Garden Sports by 1,016.7% during the fourth quarter. Headlands Technologies LLC now owns 268 shares of the company’s stock valued at $60,000 after acquiring an additional 244 shares during the period. 68.94% of the stock is currently owned by institutional investors.

Madison Square Garden Sports Stock Performance

Shares of MSGS opened at $193.56 on Wednesday. The company’s 50 day moving average price is $193.05 and its 200 day moving average price is $211.24. Madison Square Garden Sports Corp. has a 52 week low of $173.26 and a 52 week high of $237.99. The company has a market capitalization of $4.65 billion, a PE ratio of 81.67 and a beta of 0.81.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MSGS. Susquehanna began coverage on shares of Madison Square Garden Sports in a report on Monday. They set a “positive” rating and a $254.00 price target on the stock. Macquarie boosted 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 report on Tuesday, February 25th.

Insider Buying and Selling

In other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the stock in a transaction 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 transaction, the insider now directly owns 5,097 shares of the company’s stock, valued at $968,022.24. This represents a 86.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 22.10% of the stock is currently owned by corporate insiders.

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.