Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by Greenhouse Funds LLLP

Greenhouse Funds LLLP trimmed its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 394,620 shares of the company's stock after selling 18,066 shares during the period. Madison Square Garden Sports comprises approximately 3.7% of Greenhouse Funds LLLP's investment portfolio, making the stock its 8th largest holding. Greenhouse Funds LLLP owned 1.65% of Madison Square Garden Sports worth $89,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Capital Management LLC boosted its holdings in Madison Square Garden Sports by 0.5% during the 4th quarter. Advisors Capital Management LLC now owns 10,606 shares of the company's stock valued at $2,394,000 after acquiring an additional 48 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Madison Square Garden Sports by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 8,172 shares of the company's stock worth $1,844,000 after buying an additional 50 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Madison Square Garden Sports by 9.2% in the 4th quarter. Quadrant Capital Group LLC now owns 650 shares of the company's stock worth $147,000 after purchasing an additional 55 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Madison Square Garden Sports by 81.4% during the fourth quarter. Allworth Financial LP now owns 127 shares of the company's stock valued at $28,000 after buying an additional 57 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in 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 purchasing an additional 61 shares during the last quarter. 68.94% of the stock is owned by institutional investors.

Madison Square Garden Sports Price Performance

NYSE:MSGS opened at $191.74 on Friday. The business has a 50 day simple moving average of $193.82 and a 200-day simple moving average of $211.70. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 80.90 and a beta of 0.81. Madison Square Garden Sports Corp. has a 1 year low of $173.26 and a 1 year high of $237.99.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last released 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 firm had revenue of $357.80 million for 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 business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 earnings per share. As a group, analysts expect that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $189.92, for a total transaction of $6,044,204.00. Following the completion of the transaction, the insider now owns 5,097 shares of the company's stock, valued at $968,022.24. This trade represents a 86.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 22.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Madison Square Garden Sports 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.