Madison Square Garden Sports Corp. (NYSE:MSGS) Short Interest Update

Madison Square Garden Sports Corp. (NYSE:MSGS) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 310,700 shares, a drop of 16.1% from the March 31st total of 370,500 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 121,100 shares, the short-interest ratio is presently 2.6 days.

Madison Square Garden Sports Trading Down 0.4 %

Shares of Madison Square Garden Sports stock opened at $186.78 on Friday. The business’s fifty day simple moving average is $184.77 and its 200 day simple moving average is $180.21. Madison Square Garden Sports has a 12 month low of $164.79 and a 12 month high of $215.79. The firm has a market capitalization of $4.47 billion, a P/E ratio of 117.47 and a beta of 0.94.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.22. Madison Square Garden Sports had a net margin of 4.38% and a negative return on equity of 11.27%. The company had revenue of $326.90 million for the quarter, compared to the consensus estimate of $325.86 million. During the same period in the previous year, the firm earned $0.84 EPS. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. Analysts predict that Madison Square Garden Sports will post 2.11 EPS for the current fiscal year.

Insider Activity

In other Madison Square Garden Sports news, COO David G. Hopkinson sold 937 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $192.21, for a total value of $180,100.77. Following the completion of the sale, the chief operating officer now owns 2,385 shares of the company’s stock, valued at $458,420.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO David G. Hopkinson sold 937 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $192.21, for a total value of $180,100.77. Following the transaction, the chief operating officer now owns 2,385 shares of the company’s stock, valued at approximately $458,420.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman James Lawrence Dolan sold 8,236 shares of Madison Square Garden Sports stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $190.25, for a total value of $1,566,899.00. Following the transaction, the chairman now owns 221,586 shares of the company’s stock, valued at approximately $42,156,736.50. The disclosure for this sale can be found here. Insiders sold a total of 46,176 shares of company stock worth $8,661,793 in the last three months. Company insiders own 22.28% of the company’s stock.

Hedge Funds Weigh In On Madison Square Garden Sports

Several institutional investors and hedge funds have recently bought and sold shares of MSGS. Vanguard Group Inc. boosted its stake in Madison Square Garden Sports by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 1,926,892 shares of the company’s stock worth $350,367,000 after purchasing an additional 58,903 shares during the period. Gamco Investors INC. ET AL boosted its stake in Madison Square Garden Sports by 0.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 573,020 shares of the company’s stock valued at $104,192,000 after buying an additional 3,995 shares during the period. Gabelli Funds LLC grew its position in Madison Square Garden Sports by 0.3% during the third quarter. Gabelli Funds LLC now owns 410,455 shares of the company’s stock worth $72,363,000 after buying an additional 1,210 shares in the last quarter. Northern Trust Corp increased its stake in Madison Square Garden Sports by 7.8% in the 3rd quarter. Northern Trust Corp now owns 226,994 shares of the company’s stock worth $40,019,000 after acquiring an additional 16,497 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Madison Square Garden Sports during the 4th quarter valued at about $35,002,000. 68.94% of the stock is owned by institutional investors.

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 two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.