Voya Investment Management LLC Sells 182 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Voya Investment Management LLC decreased its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,737 shares of the company’s stock after selling 182 shares during the period. Voya Investment Management LLC’s holdings in Madison Square Garden Sports were worth $618,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its stake in shares of Madison Square Garden Sports by 1,854.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 498,607 shares of the company’s stock valued at $112,526,000 after acquiring an additional 473,090 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Madison Square Garden Sports during the fourth quarter valued at $2,554,000. Tower Research Capital LLC TRC lifted its position in Madison Square Garden Sports by 242.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 992 shares of the company’s stock valued at $224,000 after acquiring an additional 702 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Madison Square Garden Sports by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 222,090 shares of the company’s stock worth $50,124,000 after purchasing an additional 9,979 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Madison Square Garden Sports by 377.1% in the fourth quarter. First Trust Advisors LP now owns 57,879 shares of the company’s stock worth $13,062,000 after acquiring an additional 45,748 shares in the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSGS has been the topic of several analyst reports. Macquarie upped their price objective 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. Morgan Stanley cut their target price 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. Guggenheim restated a “buy” rating and issued a $314.00 price target on shares of Madison Square Garden Sports in a research report on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of Madison Square Garden Sports from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Susquehanna started coverage on Madison Square Garden Sports in a research note on Monday, April 28th. They set a “positive” rating and a $254.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $252.60.

Insider Buying and Selling at Madison Square Garden Sports

In other 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 value of $6,044,204.00. Following the sale, the insider now 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 22.10% of the company’s stock.

Madison Square Garden Sports Stock Performance

MSGS stock opened at $191.18 on Friday. The firm has a market cap of $4.59 billion, a PE ratio of 80.67 and a beta of 0.78. The firm has a fifty day moving average price of $191.41 and a 200 day moving average price of $209.93. Madison Square Garden Sports Corp. has a fifty-two week low of $173.26 and a fifty-two week 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 business had revenue of $424.20 million during the quarter, compared to the consensus estimate of $436.84 million. During the same quarter last year, the firm earned $1.57 earnings per share. The business’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities analysts predict 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.