Madison Square Garden Sports Corp. (NYSE:MSGS) is Tabor Asset Management LP’s 2nd Largest Position

Tabor Asset Management LP lifted its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 101.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,721 shares of the company’s stock after purchasing an additional 27,032 shares during the quarter. Madison Square Garden Sports comprises about 5.8% of Tabor Asset Management LP’s holdings, making the stock its 2nd biggest holding. Tabor Asset Management LP owned approximately 0.22% of Madison Square Garden Sports worth $12,124,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MSGS. Allworth Financial LP increased its holdings in shares of 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 purchasing an additional 57 shares during the period. Fifth Third Bancorp increased its position 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 buying an additional 75 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Madison Square Garden Sports in the fourth quarter valued at approximately $43,000. Headlands Technologies LLC boosted its holdings 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 purchasing 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 purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Up 0.5%

Shares of MSGS stock opened at $197.69 on Monday. The company has a market cap of $4.75 billion, a P/E ratio of 83.42 and a beta of 0.78. The business has a 50 day moving average of $191.47 and a two-hundred day moving average of $208.74. 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) earnings per share (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 firm had revenue of $424.20 million for the quarter, compared to analyst estimates of $436.84 million. During the same period last year, the firm posted $1.57 EPS. The business’s revenue was down 1.3% compared to the same quarter last year. Analysts expect that Madison Square Garden Sports Corp. will post 0.73 EPS for the current fiscal year.

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 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 value of $6,044,204.00. Following the completion of the sale, the insider now directly 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 document filed with the SEC, which is available at this hyperlink. 18.05% of the stock is owned by company insiders.

Analyst Ratings Changes

MSGS has been the topic of a number of research reports. 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 on the stock in a research note on Monday, May 5th. Susquehanna assumed coverage on shares of Madison Square Garden Sports in a research note on Monday, April 28th. They issued a “positive” rating and a $254.00 target price for the company. JPMorgan Chase & Co. cut their price target on Madison Square Garden Sports from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Macquarie increased their price target on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Finally, Guggenheim reiterated a “buy” rating and issued a $314.00 target price on shares of Madison Square Garden Sports in a research report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the 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.