Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lowered its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,486 shares of the company’s stock after selling 310 shares during the quarter. Fox Run Management L.L.C.’s holdings in Madison Square Garden Sports were worth $787,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MSGS. Allworth Financial LP raised its position in Madison Square Garden Sports by 81.4% in the fourth quarter. Allworth Financial LP now owns 127 shares of the company’s stock worth $28,000 after acquiring an additional 57 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Madison Square Garden Sports by 35.3% in the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock valued at $53,000 after buying an additional 61 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Madison Square Garden Sports by 119.0% in the 4th quarter. Fifth Third Bancorp now owns 138 shares of the company’s stock valued at $31,000 after buying an additional 75 shares in the last quarter. Xponance Inc. grew its stake in shares of Madison Square Garden Sports by 8.4% in the 4th quarter. Xponance Inc. now owns 1,105 shares of the company’s stock valued at $249,000 after buying an additional 86 shares in the last quarter. Finally, Insight Inv LLC grew its stake in shares of Madison Square Garden Sports by 1.5% in the 3rd quarter. Insight Inv LLC now owns 6,665 shares of the company’s stock valued at $1,388,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Madison Square Garden Sports Trading Up 0.2 %

Shares of NYSE MSGS opened at $198.18 on Monday. The business has a fifty day simple moving average of $206.52 and a 200 day simple moving average of $214.91. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 83.62 and a beta of 0.91. Madison Square Garden Sports Corp. has a one year low of $178.35 and a one year high of $237.99.

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

Insider Activity at Madison Square Garden Sports

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 stock was 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 directly owns 5,097 shares in the company, valued at $968,022.24. This represents a 86.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 22.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

About Madison Square Garden Sports

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.