Oak Thistle LLC Decreases Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Oak Thistle LLC cut its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 9.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,994 shares of the company’s stock after selling 404 shares during the period. Madison Square Garden Sports makes up about 0.7% of Oak Thistle LLC’s investment portfolio, making the stock its 18th largest holding. Oak Thistle LLC’s holdings in Madison Square Garden Sports were worth $737,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MSGS. Quadrant Capital Group LLC raised its holdings in shares of Madison Square Garden Sports by 40.8% during the fourth quarter. Quadrant Capital Group LLC now owns 449 shares of the company’s stock valued at $82,000 after purchasing an additional 130 shares during the last quarter. Cape Investment Advisory Inc. raised its holdings in shares of Madison Square Garden Sports by 400.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 500 shares of the company’s stock valued at $91,000 after purchasing an additional 400 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Madison Square Garden Sports during the fourth quarter valued at approximately $206,000. First Bank & Trust purchased a new position in shares of Madison Square Garden Sports during the fourth quarter valued at approximately $220,000. Finally, SageView Advisory Group LLC purchased a new position in shares of Madison Square Garden Sports during the fourth quarter valued at approximately $253,000. 68.94% of the stock is owned by hedge funds and other institutional investors.

Madison Square Garden Sports Stock Performance

Shares of MSGS traded up $4.27 during mid-day trading on Monday, hitting $192.40. 236,210 shares of the company traded hands, compared to its average volume of 125,654. The stock has a 50-day moving average price of $186.21 and a two-hundred day moving average price of $184.94. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 191.97 and a beta of 0.96. Madison Square Garden Sports Corp. has a 1 year low of $164.79 and a 1 year high of $215.79.

Madison Square Garden Sports (NYSE:MSGS) last announced its earnings results 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). The business had revenue of $430.00 million for 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 business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.18 earnings per share. On average, analysts forecast that Madison Square Garden Sports Corp. will post 1.91 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 two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.