Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 155.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,427 shares of the company’s stock after buying an additional 15,486 shares during the quarter. National Bank of Canada FI owned 0.11% of Madison Square Garden Sports worth $5,738,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MSGS. FMR LLC grew its holdings in shares of Madison Square Garden Sports by 11.3% in the 3rd quarter. FMR LLC now owns 1,669 shares of the company’s stock worth $348,000 after acquiring an additional 169 shares during the last quarter. Verition Fund Management LLC boosted its position in shares of Madison Square Garden Sports by 68.5% in the 3rd quarter. Verition Fund Management LLC now owns 6,519 shares of the company’s stock valued at $1,358,000 after purchasing an additional 2,650 shares during the period. HighTower Advisors LLC increased its stake in Madison Square Garden Sports by 11.0% in the 3rd quarter. HighTower Advisors LLC now owns 19,549 shares of the company’s stock worth $4,063,000 after purchasing an additional 1,934 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Madison Square Garden Sports by 647.3% during the 3rd quarter. Quantinno Capital Management LP now owns 9,887 shares of the company’s stock worth $2,059,000 after buying an additional 8,564 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Madison Square Garden Sports during the third quarter valued at about $348,000. Institutional investors own 68.94% of the company’s stock.

Analysts Set New Price Targets

Separately, Macquarie lifted 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 research report on Tuesday, February 25th.

Madison Square Garden Sports Stock Down 6.7 %

MSGS opened at $180.37 on Monday. The firm has a market capitalization of $4.33 billion, a P/E ratio of 76.11 and a beta of 0.81. The stock has a fifty day moving average of $202.25 and a 200-day moving average of $214.30. Madison Square Garden Sports Corp. has a 12-month low of $178.35 and a 12-month high of $237.99.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 earnings per share (EPS) 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 business had revenue of $357.80 million during the quarter, compared to analysts’ expectations of $352.68 million. During the same period in the prior year, the company posted $0.59 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. On average, analysts expect that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 sale, the insider now directly owns 5,097 shares in the company, valued at approximately $968,022.24. This trade represents a 86.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.10% of the stock is currently owned by corporate insiders.

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.