D. E. Shaw & Co. Inc. Purchases 6,606 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

D. E. Shaw & Co. Inc. increased its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 56.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,237 shares of the company’s stock after acquiring an additional 6,606 shares during the period. D. E. Shaw & Co. Inc. owned about 0.08% of Madison Square Garden Sports worth $4,116,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MSGS. Allworth Financial LP lifted its stake in shares of Madison Square Garden Sports by 81.4% in the 4th quarter. Allworth Financial LP now owns 127 shares of the company’s stock valued at $28,000 after acquiring an additional 57 shares during the last quarter. Fifth Third Bancorp lifted 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 last quarter. Heck Capital Advisors LLC bought a new stake in shares of Madison Square Garden Sports in the 4th quarter valued at about $43,000. Headlands Technologies LLC lifted its stake in shares of Madison Square Garden Sports by 1,016.7% in the 4th quarter. Headlands Technologies LLC now owns 268 shares of the company’s stock valued at $60,000 after acquiring an additional 244 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of 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 acquiring an additional 220 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

Insiders Place Their Bets

In other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 5,097 shares in the company, valued at approximately $968,022.24. This represents a 86.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 18.05% of the company’s stock.

Madison Square Garden Sports Price Performance

MSGS opened at $197.69 on Friday. The business has a 50 day simple moving average of $191.47 and a two-hundred day simple moving average of $208.84. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 83.42 and a beta of 0.78. Madison Square Garden Sports Corp. has a one year low of $173.26 and a one year high of $237.99.

Madison Square Garden Sports (NYSE:MSGS) last posted its earnings results on Friday, May 2nd. The company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($2.07). Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The firm had revenue of $424.20 million for the quarter, compared to analysts’ expectations of $436.84 million. During the same quarter last year, the company posted $1.57 EPS. The firm’s revenue was down 1.3% on a year-over-year basis. As a group, sell-side analysts expect that Madison Square Garden Sports Corp. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

MSGS has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Madison Square Garden Sports from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Guggenheim reissued a “buy” rating and issued a $314.00 target price on shares of Madison Square Garden Sports in a research note on Tuesday, May 6th. Susquehanna initiated coverage on Madison Square Garden Sports in a research report on Monday, April 28th. They set a “positive” rating and a $254.00 price target for the company. Macquarie upped their price target on 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. Finally, Morgan Stanley lowered their price target on 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, May 5th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $252.60.

Madison Square Garden Sports Company 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.