Rhumbline Advisers Sells 1,914 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Rhumbline Advisers lowered its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 41,579 shares of the company’s stock after selling 1,914 shares during the quarter. Rhumbline Advisers owned 0.17% of Madison Square Garden Sports worth $9,383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Creative Planning boosted its stake in shares of Madison Square Garden Sports by 2.5% during the 3rd quarter. Creative Planning now owns 2,542 shares of the company’s stock worth $529,000 after purchasing an additional 61 shares during the period. Blue Trust Inc. lifted its stake in Madison Square Garden Sports by 326.5% in the third quarter. Blue Trust Inc. now owns 418 shares of the company’s stock worth $87,000 after purchasing an additional 320 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Madison Square Garden Sports during the third quarter valued at approximately $119,000. US Bancorp DE grew its stake in shares of Madison Square Garden Sports by 8.4% during the third quarter. US Bancorp DE now owns 2,530 shares of the company’s stock valued at $527,000 after buying an additional 196 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Madison Square Garden Sports by 75.1% in the third quarter. Harbor Capital Advisors Inc. now owns 68,632 shares of the company’s stock worth $14,293,000 after buying an additional 29,445 shares during the period. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Wall Street Analyst Weigh In

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

Madison Square Garden Sports Trading Down 0.2 %

NYSE MSGS opened at $202.61 on Tuesday. The stock has a market cap of $4.86 billion, a PE ratio of 85.49 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 50-day moving average price is $216.51 and its 200-day moving average price is $216.12.

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