Nomura Holdings Inc. Trims Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Nomura Holdings Inc. cut its stake in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,124 shares of the company's stock after selling 10,196 shares during the quarter. Nomura Holdings Inc. owned 0.30% of Madison Square Garden Sports worth $12,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its position in Madison Square Garden Sports by 40.8% during the fourth quarter. Quadrant Capital Group LLC now owns 449 shares of the company's stock worth $82,000 after buying an additional 130 shares during the period. Cape Investment Advisory Inc. increased its position in Madison Square Garden Sports by 400.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 500 shares of the company's stock worth $91,000 after purchasing an additional 400 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Madison Square Garden Sports during the 3rd quarter worth about $102,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Madison Square Garden Sports by 418.9% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,100 shares of the company's stock worth $194,000 after acquiring an additional 888 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in Madison Square Garden Sports during the 4th quarter valued at approximately $206,000. 68.94% of the stock is currently owned by institutional investors.

Madison Square Garden Sports Price Performance

NYSE:MSGS traded up $0.83 during trading hours on Wednesday, hitting $182.34. The stock had a trading volume of 83,179 shares, compared to its average volume of 96,292. The company has a 50 day simple moving average of $185.28 and a two-hundred day simple moving average of $184.01. Madison Square Garden Sports Corp. has a one year low of $164.79 and a one year high of $215.79. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 186.06 and a beta of 0.92.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $2.78 by ($1.21). Madison Square Garden Sports had a negative return on equity of 7.23% and a net margin of 2.59%. The firm had revenue of $430.00 million during the quarter, compared to analysts' expectations of $420.76 million. During the same quarter in the prior year, the firm posted $2.18 earnings per share. Madison Square Garden Sports's quarterly revenue was up 12.4% on a year-over-year basis. Equities research analysts anticipate that Madison Square Garden Sports Corp. will post 1.91 earnings per share for the current year.

About Madison Square Garden Sports

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.