Madison Square Garden Sports Corp. (NYSE:MSGS) Stock Position Trimmed by Greenhouse Funds LLLP

Greenhouse Funds LLLP trimmed its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 394,620 shares of the company’s stock after selling 18,066 shares during the period. Madison Square Garden Sports comprises 3.7% of Greenhouse Funds LLLP’s investment portfolio, making the stock its 8th largest position. Greenhouse Funds LLLP owned 1.65% of Madison Square Garden Sports worth $89,058,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. OFI Invest Asset Management purchased a new stake in Madison Square Garden Sports in the fourth quarter worth about $1,032,000. Proficio Capital Partners LLC bought a new position in shares of Madison Square Garden Sports in the 4th quarter worth approximately $3,413,000. Levin Capital Strategies L.P. increased its stake in shares of Madison Square Garden Sports by 118.5% in the 4th quarter. Levin Capital Strategies L.P. now owns 3,039 shares of the company’s stock worth $686,000 after purchasing an additional 1,648 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Madison Square Garden Sports in the fourth quarter worth approximately $16,844,000. Finally, Sanctuary Advisors LLC purchased a new position in Madison Square Garden Sports in the 3rd quarter worth approximately $264,000. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Analysts Set New Price Targets

Separately, Macquarie boosted their target price on Madison Square Garden Sports from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th.

Madison Square Garden Sports Trading Down 3.3 %

NYSE MSGS opened at $185.32 on Tuesday. The firm has a market capitalization of $4.45 billion, a P/E ratio of 78.19 and a beta of 0.81. The firm’s fifty day simple moving average is $195.11 and its two-hundred day simple moving average is $212.17. Madison Square Garden Sports Corp. has a 12-month low of $173.26 and a 12-month high of $237.99.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.25). Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The business had revenue of $357.80 million for the quarter, compared to analyst estimates of $352.68 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts predict that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In related news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $189.92, for a total value of $6,044,204.00. Following the sale, the insider now directly owns 5,097 shares in the company, valued at approximately $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 accessible through this link. Company insiders own 22.10% of the company’s stock.

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.