Arrowstreet Capital Limited Partnership Has $2.32 Million Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Arrowstreet Capital Limited Partnership boosted its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 76.8% in the fourth quarter, Holdings Channel reports. The firm owned 10,258 shares of the company’s stock after purchasing an additional 4,455 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Madison Square Garden Sports were worth $2,315,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MSGS. Norges Bank bought a new stake in shares of Madison Square Garden Sports in the 4th quarter valued at $54,052,000. Empirical Asset Management LLC bought a new stake in shares of Madison Square Garden Sports in the fourth quarter worth about $26,120,000. Wealthfront Advisers LLC bought a new stake in shares of Madison Square Garden Sports in the fourth quarter worth about $16,844,000. Vanguard Group Inc. raised its position in shares of Madison Square Garden Sports by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 1,945,194 shares of the company’s stock worth $438,991,000 after purchasing an additional 33,641 shares during the period. Finally, Monimus Capital Management LP bought a new position in shares of Madison Square Garden Sports during the 4th quarter valued at about $6,030,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Macquarie raised 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.

Madison Square Garden Sports Trading Up 7.0 %

MSGS opened at $187.96 on Thursday. The firm’s fifty day simple moving average is $198.32 and its 200 day simple moving average is $213.28. The stock has a market capitalization of $4.51 billion, a P/E ratio of 79.31 and a beta of 0.81. Madison Square Garden Sports Corp. has a 12 month low of $173.26 and a 12 month high of $237.99.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings data 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 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 quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 earnings per share. On average, equities research analysts predict that Madison Square Garden Sports Corp. will post 0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of Madison Square Garden Sports stock in a transaction on Monday, March 10th. The shares were sold at an average price of $189.92, for a total value 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. The trade was a 86.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.