Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,389 shares of the company’s stock after selling 94 shares during the period. Yousif Capital Management LLC’s holdings in Madison Square Garden Sports were worth $1,442,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MSGS. Empirical Asset Management LLC acquired a new position in Madison Square Garden Sports in the 4th quarter worth $26,120,000. Harbor Capital Advisors Inc. increased its position in shares of Madison Square Garden Sports by 75.1% during the third quarter. Harbor Capital Advisors Inc. now owns 68,632 shares of the company’s stock worth $14,293,000 after acquiring an additional 29,445 shares during the last quarter. Tabor Asset Management LP acquired a new position in shares of Madison Square Garden Sports in the third quarter worth about $5,558,000. Algert Global LLC boosted its holdings in Madison Square Garden Sports by 535.4% in the third quarter. Algert Global LLC now owns 31,459 shares of the company’s stock valued at $6,552,000 after purchasing an additional 26,508 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Madison Square Garden Sports by 526.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 27,101 shares of the company’s stock valued at $5,644,000 after purchasing an additional 22,772 shares in the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

Madison Square Garden Sports Price Performance

NYSE MSGS opened at $210.01 on Thursday. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 88.61 and a beta of 0.91. Madison Square Garden Sports Corp. has a 12 month low of $178.35 and a 12 month high of $237.99. The company’s fifty day moving average price is $220.83 and its two-hundred day moving average price is $215.32.

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

Wall Street Analyst Weigh In

Separately, Macquarie upped their target price 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 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.