Deutsche Bank AG Purchases 375 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Deutsche Bank AG boosted its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,812 shares of the company’s stock after purchasing an additional 375 shares during the quarter. Deutsche Bank AG’s holdings in Madison Square Garden Sports were worth $17,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP increased its position in Madison Square Garden Sports by 81.4% during the 4th quarter. Allworth Financial LP now owns 127 shares of the company’s stock valued at $28,000 after buying an additional 57 shares in the last quarter. Fifth Third Bancorp grew its holdings in Madison Square Garden Sports by 119.0% during the fourth quarter. Fifth Third Bancorp now owns 138 shares of the company’s stock worth $31,000 after acquiring an additional 75 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of Madison Square Garden Sports during the 4th quarter valued at approximately $43,000. Headlands Technologies LLC raised its position in shares of Madison Square Garden Sports by 1,016.7% in the fourth quarter. Headlands Technologies LLC now owns 268 shares of the company’s stock worth $60,000 after acquiring an additional 244 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Madison Square Garden Sports by 423.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 272 shares of the company’s stock worth $62,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Insider Activity

In related 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 transaction, the insider now directly owns 5,097 shares in the company, valued at $968,022.24. This trade represents a 86.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 18.05% of the company’s stock.

Madison Square Garden Sports Stock Down 0.4%

Shares of Madison Square Garden Sports stock opened at $195.90 on Thursday. The company has a market capitalization of $4.70 billion, a P/E ratio of 82.66 and a beta of 0.78. The company has a 50 day moving average of $191.12 and a 200 day moving average of $209.29. Madison Square Garden Sports Corp. has a 52-week low of $173.26 and a 52-week high of $237.99.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings results on Friday, May 2nd. The company reported ($0.59) EPS for the quarter, missing the consensus estimate of $1.48 by ($2.07). 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 $424.20 million during the quarter, compared to analysts’ expectations of $436.84 million. During the same quarter in the prior year, the company earned $1.57 earnings per share. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, research analysts anticipate that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Macquarie lifted their target price on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Morgan Stanley reduced their target price on shares of Madison Square Garden Sports from $235.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Monday, May 5th. Guggenheim reaffirmed a “buy” rating and issued a $314.00 price target on shares of Madison Square Garden Sports in a research note on Tuesday, May 6th. JPMorgan Chase & Co. dropped their target price on shares of Madison Square Garden Sports from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Finally, Susquehanna assumed coverage on shares of Madison Square Garden Sports in a research note on Monday, April 28th. They set a “positive” rating and a $254.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $252.60.

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.