Monimus Capital Management LP Purchases Shares of 26,721 Madison Square Garden Sports Corp. (NYSE:MSGS)

Monimus Capital Management LP acquired a new stake in Madison Square Garden Sports Corp. (NYSE:MSGS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,721 shares of the company’s stock, valued at approximately $6,030,000. Madison Square Garden Sports comprises about 5.7% of Monimus Capital Management LP’s portfolio, making the stock its 3rd largest position. Monimus Capital Management LP owned about 0.11% of Madison Square Garden Sports at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Allworth Financial LP boosted its holdings 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 boosted its holdings 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 purchased a new stake in Madison Square Garden Sports during the fourth quarter worth $43,000. Venturi Wealth Management LLC boosted its holdings in Madison Square Garden Sports by 31.2% during the third quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock worth $46,000 after buying an additional 53 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Madison Square Garden Sports by 35.3% during the fourth quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock worth $53,000 after buying an additional 61 shares in the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, 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 report on Tuesday, February 25th.

Madison Square Garden Sports Stock Performance

Shares of NYSE MSGS opened at $188.89 on Friday. The company’s fifty day moving average price is $208.64 and its 200 day moving average price is $215.29. Madison Square Garden Sports Corp. has a 1 year low of $178.35 and a 1 year high of $237.99. The company has a market capitalization of $4.54 billion, a PE ratio of 79.70 and a beta of 0.91.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The company had revenue of $357.80 million for the quarter, compared to analyst estimates 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 business’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 earnings per share. On average, equities analysts expect that Madison Square Garden Sports Corp. will post 0.73 EPS for the current year.

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 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 completion of the transaction, the insider now directly owns 5,097 shares in the company, valued at approximately $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 accessible through this hyperlink. 22.10% of the stock is currently owned by company insiders.

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.