26,721 Shares in Madison Square Garden Sports Corp. (NYSE:MSGS) Purchased by Monimus Capital Management LP

Monimus Capital Management LP acquired a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 26,721 shares of the company’s stock, valued at approximately $6,030,000. Madison Square Garden Sports comprises 5.7% of Monimus Capital Management LP’s investment portfolio, making the stock its 3rd largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSGS. Crossmark Global Holdings Inc. increased its position in Madison Square Garden Sports by 35.2% during the third quarter. Crossmark Global Holdings Inc. now owns 1,510 shares of the company’s stock worth $314,000 after purchasing an additional 393 shares during the last quarter. Venturi Wealth Management LLC boosted its stake 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 during the period. Aigen Investment Management LP purchased a new position in Madison Square Garden Sports during the third quarter worth about $457,000. ING Groep NV purchased a new position in Madison Square Garden Sports during the third quarter worth about $1,187,000. Finally, Quest Partners LLC purchased a new position in Madison Square Garden Sports during the third quarter worth about $1,964,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Madison Square Garden Sports Price Performance

Shares of MSGS stock opened at $188.89 on Friday. The firm has a market cap of $4.54 billion, a PE ratio of 79.70 and a beta of 0.91. The company has a 50-day moving average of $208.64 and a two-hundred day moving average of $215.29. Madison Square Garden Sports Corp. has a 1-year low of $178.35 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). Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The business had revenue of $357.80 million during the quarter, compared to analysts’ expectations of $352.68 million. During the same period in the previous year, the business posted $0.59 EPS. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. Sell-side analysts anticipate that Madison Square Garden Sports Corp. will post 0.73 EPS for the current fiscal year.

Insider Activity

In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 5,097 shares of the company’s stock, valued at approximately $968,022.24. This trade represents a 86.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 22.10% of the company’s stock.

Analysts Set New Price Targets

Separately, Macquarie increased their target price 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.

About Madison Square Garden Sports

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.