Caxton Associates LP Makes New Investment in Madison Square Garden Sports Corp. (NYSE:MSGS)

Caxton Associates LP acquired a new stake in Madison Square Garden Sports Corp. (NYSE:MSGS) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,902 shares of the company’s stock, valued at approximately $655,000.

A number of other institutional investors have also modified their holdings of the company. Allworth Financial LP raised its holdings in Madison Square Garden Sports by 81.4% in the fourth quarter. Allworth Financial LP now owns 127 shares of the company’s stock valued at $28,000 after buying an additional 57 shares during the period. Fifth Third Bancorp raised 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 acquiring an additional 75 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Madison Square Garden Sports during the 4th quarter valued at $43,000. Headlands Technologies LLC boosted its position in Madison Square Garden Sports by 1,016.7% during the 4th quarter. Headlands Technologies LLC now owns 268 shares of the company’s stock worth $60,000 after purchasing an additional 244 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Madison Square Garden Sports by 423.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 272 shares of the company’s stock valued at $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 Buying and Selling 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 shares were sold at an average price of $189.92, for a total transaction of $6,044,204.00. Following the sale, the insider now directly owns 5,097 shares of the company’s stock, valued at approximately $968,022.24. This represents a 86.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 22.10% of the stock is currently owned by insiders.

Madison Square Garden Sports Trading Up 1.2 %

Madison Square Garden Sports stock opened at $191.13 on Wednesday. The stock has a 50 day moving average of $191.88 and a 200-day moving average of $210.25. The stock has a market cap of $4.59 billion, a P/E ratio of 80.64 and a beta of 0.78. 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 data on Friday, May 2nd. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of $1.48 by ($2.07). The company had revenue of $424.20 million for the quarter, compared to analyst estimates of $436.84 million. Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. Madison Square Garden Sports’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 earnings per share. As a group, equities analysts predict that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Guggenheim reaffirmed a “buy” rating and issued a $314.00 target price on shares of Madison Square Garden Sports in a research report on Tuesday. Macquarie increased their price objective 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. Susquehanna initiated coverage on shares of Madison Square Garden Sports in a research report on Monday, April 28th. They set a “positive” rating and a $254.00 target price on the stock. JPMorgan Chase & Co. lowered their price target 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. Finally, Morgan Stanley decreased their price objective on shares of Madison Square Garden Sports from $235.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average 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.