EntryPoint Capital LLC Makes New Investment in Madison Square Garden Sports Corp. (NYSE:MSGS)

EntryPoint Capital LLC bought a new stake in Madison Square Garden Sports Corp. (NYSE:MSGS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 628 shares of the company’s stock, valued at approximately $116,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Madison Square Garden Sports by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,939,705 shares of the company’s stock worth $357,914,000 after buying an additional 12,813 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Madison Square Garden Sports by 0.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 573,020 shares of the company’s stock worth $104,192,000 after acquiring an additional 3,995 shares during the period. Norges Bank bought a new stake in shares of Madison Square Garden Sports during the 4th quarter valued at $35,002,000. Dimensional Fund Advisors LP raised its position in shares of Madison Square Garden Sports by 9.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 171,864 shares of the company’s stock valued at $31,250,000 after acquiring an additional 14,741 shares during the last quarter. Finally, Sea Cliff Partners Management LP acquired a new position in shares of Madison Square Garden Sports in the 4th quarter valued at $24,577,000. Institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Price Performance

Shares of MSGS stock opened at $199.06 on Friday. The stock has a market cap of $4.77 billion, a PE ratio of 203.17 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 stock has a 50-day moving average of $189.87 and a 200-day moving average of $187.26.

Madison Square Garden Sports (NYSE:MSGS) last released its quarterly earnings results on Thursday, May 2nd. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($1.21). The company had revenue of $430.00 million during the quarter, compared to the consensus estimate of $420.76 million. Madison Square Garden Sports had a net margin of 2.59% and a negative return on equity of 7.23%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.18 EPS. As a group, research analysts anticipate that Madison Square Garden Sports Corp. will post 1.87 earnings per share for the current year.

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