Central Pacific Bank Trust Division Buys Shares of 5,000 Madison Square Garden Sports Corp. (NYSE:MSGS)

Central Pacific Bank Trust Division purchased a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $918,000.

Several other hedge funds have also made changes to their positions in MSGS. Raymond James & Associates increased its position in Madison Square Garden Sports by 0.7% in the 4th quarter. Raymond James & Associates now owns 9,131 shares of the company’s stock valued at $1,660,000 after acquiring an additional 61 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Madison Square Garden Sports by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 8,245 shares of the company’s stock worth $1,499,000 after purchasing an additional 80 shares during the period. Quadrant Capital Group LLC increased its stake in Madison Square Garden Sports by 40.8% during the 4th quarter. Quadrant Capital Group LLC now owns 449 shares of the company’s stock valued at $82,000 after buying an additional 130 shares during the period. Yousif Capital Management LLC raised its position in shares of Madison Square Garden Sports by 2.4% during the 4th quarter. Yousif Capital Management LLC now owns 8,474 shares of the company’s stock worth $1,541,000 after buying an additional 201 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Madison Square Garden Sports by 3.7% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 6,378 shares of the company’s stock worth $1,160,000 after acquiring an additional 229 shares during the period. Institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Trading Up 0.5 %

NYSE:MSGS traded up $0.98 during midday trading on Tuesday, hitting $194.72. 75,977 shares of the stock were exchanged, compared to its average volume of 123,510. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 198.69 and a beta of 0.96. Madison Square Garden Sports Corp. has a one year low of $164.79 and a one year high of $215.79. The business has a 50-day moving average price of $187.33 and a two-hundred day moving average price of $185.78.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($1.21). Madison Square Garden Sports had a negative return on equity of 7.23% and a net margin of 2.59%. The business had revenue of $430.00 million during the quarter, compared to analyst estimates of $420.76 million. During the same period in the prior year, the firm earned $2.18 EPS. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. Sell-side analysts forecast that Madison Square Garden Sports Corp. will post 1.91 EPS for the current fiscal 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 two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.