Madison Square Garden Sports Corp. (NYSE:MSGS) Position Reduced by Boyar Asset Management Inc.

Boyar Asset Management Inc. trimmed its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,659 shares of the company’s stock after selling 230 shares during the period. Madison Square Garden Sports comprises 3.2% of Boyar Asset Management Inc.’s holdings, making the stock its 7th biggest holding. Boyar Asset Management Inc. owned about 0.09% of Madison Square Garden Sports worth $4,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in MSGS. Allworth Financial LP grew its stake 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 purchasing an additional 57 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Madison Square Garden Sports by 119.0% during the 4th quarter. Fifth Third Bancorp now owns 138 shares of the company’s stock worth $31,000 after buying an additional 75 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Madison Square Garden Sports during the fourth quarter valued at $43,000. Versant Capital Management Inc lifted its stake in Madison Square Garden Sports by 35.3% in the fourth quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock worth $53,000 after acquiring an additional 61 shares during the period. Finally, Headlands Technologies LLC grew its holdings 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 acquiring an additional 244 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on MSGS shares. Susquehanna started coverage on shares of Madison Square Garden Sports in a report on Monday. They issued a “positive” rating and a $254.00 price target for the company. Macquarie boosted their price objective on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th.

Insider Transactions at Madison Square Garden Sports

In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the company’s stock in a transaction dated 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 transaction, the insider now 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 is available through this hyperlink. Insiders own 22.10% of the company’s stock.

Madison Square Garden Sports Price Performance

MSGS opened at $193.56 on Wednesday. The firm has a market capitalization of $4.65 billion, a PE ratio of 81.67 and a beta of 0.81. The business’s 50-day moving average is $193.05 and its two-hundred day moving average is $211.24. Madison Square Garden Sports Corp. has a 1 year low of $173.26 and a 1 year high of $237.99.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $357.80 million for the quarter, compared to the consensus estimate of $352.68 million. Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. As a group, sell-side analysts expect that Madison Square Garden Sports Corp. will post 0.73 EPS for the current year.

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.