Oak Thistle LLC Sells 3,863 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Oak Thistle LLC lowered its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 59.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,681 shares of the company’s stock after selling 3,863 shares during the quarter. Oak Thistle LLC’s holdings in Madison Square Garden Sports were worth $605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Venturi Wealth Management LLC raised its stake in Madison Square Garden Sports by 31.2% in the third quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock valued at $46,000 after purchasing an additional 53 shares in the last quarter. Creative Planning increased its holdings in shares of Madison Square Garden Sports by 2.5% in the 3rd quarter. Creative Planning now owns 2,542 shares of the company’s stock worth $529,000 after buying an additional 61 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Madison Square Garden Sports by 35.3% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock valued at $53,000 after buying an additional 61 shares in the last quarter. Insight Inv LLC lifted its holdings in shares of Madison Square Garden Sports by 1.5% during the 3rd quarter. Insight Inv LLC now owns 6,665 shares of the company’s stock worth $1,388,000 after acquiring an additional 100 shares during the last quarter. Finally, Central Pacific Bank Trust Division grew its position in Madison Square Garden Sports by 2.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 5,100 shares of the company’s stock worth $1,151,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Analyst Ratings Changes

Separately, Macquarie raised their price target on Madison Square Garden Sports from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th.

Madison Square Garden Sports Price Performance

NYSE:MSGS opened at $215.01 on Friday. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 73.89 and a beta of 0.91. The business has a 50 day moving average of $224.96 and a 200 day moving average of $212.60. 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 announced its quarterly earnings data on Friday, November 1st. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.55. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The firm had revenue of $53.31 million during the quarter, compared to analyst estimates of $43.71 million. During the same period in the previous year, the business posted ($0.79) EPS. The business’s quarterly revenue was up 23.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Madison Square Garden Sports Corp. will post 0.81 EPS 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.