Nuveen Asset Management LLC Has $10.56 Million Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Nuveen Asset Management LLC lessened its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,782 shares of the company’s stock after selling 1,153 shares during the period. Nuveen Asset Management LLC owned about 0.20% of Madison Square Garden Sports worth $10,558,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Advisors Capital Management LLC increased its stake in Madison Square Garden Sports by 0.5% in the fourth quarter. Advisors Capital Management LLC now owns 10,606 shares of the company’s stock valued at $2,394,000 after acquiring an additional 48 shares during the period. Treasurer of the State of North Carolina boosted its holdings in Madison Square Garden Sports by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 8,172 shares of the company’s stock valued at $1,844,000 after purchasing an additional 50 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Madison Square Garden Sports by 9.2% in the 4th quarter. Quadrant Capital Group LLC now owns 650 shares of the company’s stock valued at $147,000 after purchasing an additional 55 shares during the period. Allworth Financial LP lifted its position in shares of Madison Square Garden Sports by 81.4% during the 4th quarter. Allworth Financial LP now owns 127 shares of the company’s stock worth $28,000 after buying an additional 57 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in Madison Square Garden Sports by 2.2% in the 4th quarter. NewEdge Advisors LLC now owns 2,914 shares of the company’s stock valued at $658,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Insider Activity

In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of Madison Square Garden Sports stock in a transaction that occurred 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 sale, the insider now owns 5,097 shares in the company, valued at $968,022.24. The trade was a 86.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 18.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MSGS. Guggenheim reaffirmed a “buy” rating and issued a $314.00 target price on shares of Madison Square Garden Sports in a report on Tuesday, May 6th. Susquehanna assumed coverage on shares of Madison Square Garden Sports in a research note on Monday, April 28th. They set a “positive” rating and a $254.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Madison Square Garden Sports from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Morgan Stanley reduced their target price on Madison Square Garden Sports from $235.00 to $215.00 and set an “equal weight” rating on the stock in a report on Monday, May 5th. Finally, Macquarie raised their price target on Madison Square Garden Sports from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Madison Square Garden Sports currently has an average rating of “Moderate Buy” and a consensus target price of $252.60.

Madison Square Garden Sports Trading Up 0.1%

Shares of NYSE MSGS opened at $191.00 on Wednesday. Madison Square Garden Sports Corp. has a 1-year low of $173.26 and a 1-year high of $237.99. The company has a 50-day moving average of $191.71 and a two-hundred day moving average of $207.38. The company has a market cap of $4.59 billion, a PE ratio of 80.59 and a beta of 0.78.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly 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 net margin of 5.33% and a negative return on equity of 20.50%. The company had revenue of $424.20 million during the quarter, compared to analyst estimates of $436.84 million. During the same period in the prior year, the business earned $1.57 EPS. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, equities research analysts forecast that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.

Madison Square Garden Sports Company 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.