Oak Thistle LLC Cuts Stake in Madison Square Garden Sports Corp. (NYSE:MSGS)

Oak Thistle LLC lowered its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 59.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,681 shares of the company's stock after selling 3,863 shares during the quarter. Oak Thistle LLC's holdings in Madison Square Garden Sports were worth $605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Venturi Wealth Management LLC lifted its position in Madison Square Garden Sports by 31.2% in the third quarter. Venturi Wealth Management LLC now owns 223 shares of the company's stock worth $46,000 after buying an additional 53 shares during the last quarter. Creative Planning lifted its holdings in shares of Madison Square Garden Sports by 2.5% in the 3rd quarter. Creative Planning now owns 2,542 shares of the company's stock worth $529,000 after acquiring an additional 61 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Madison Square Garden Sports by 35.3% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company's stock worth $53,000 after purchasing an additional 61 shares during the period. Insight Inv LLC grew its holdings in Madison Square Garden Sports by 1.5% during the 3rd quarter. Insight Inv LLC now owns 6,665 shares of the company's stock valued at $1,388,000 after purchasing an additional 100 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its position in Madison Square Garden Sports by 2.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 5,100 shares of the company's stock worth $1,151,000 after purchasing an additional 100 shares during the period. 68.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 note on Tuesday, November 5th.

Madison Square Garden Sports Stock Performance

MSGS stock traded up $1.85 during midday trading on Friday, reaching $217.05. The company's stock had a trading volume of 47,570 shares, compared to its average volume of 82,661. Madison Square Garden Sports Corp. has a 1 year low of $178.35 and a 1 year high of $237.99. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 74.59 and a beta of 0.91. The stock has a fifty day simple moving average of $224.70 and a two-hundred day simple moving average of $212.61.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($0.86) by $0.55. The company had revenue of $53.31 million during the quarter, compared to analyst estimates of $43.71 million. Madison Square Garden Sports had a net margin of 6.75% and a negative return on equity of 23.81%. The firm's revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.79) EPS. As a group, analysts forecast that Madison Square Garden Sports Corp. will post 0.81 EPS for the current fiscal year.

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.