Pacific Global Investment Management Co. Sells 19,213 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Pacific Global Investment Management Co. cut its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 92.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,458 shares of the company's stock after selling 19,213 shares during the period. Pacific Global Investment Management Co.'s holdings in Madison Square Garden Sports were worth $329,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Creative Planning raised its stake in Madison Square Garden Sports by 2.5% during the 3rd quarter. Creative Planning now owns 2,542 shares of the company's stock valued at $529,000 after purchasing an additional 61 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Madison Square Garden Sports during the 3rd quarter worth about $119,000. US Bancorp DE raised its position 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. Harbor Capital Advisors Inc. lifted its stake 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 valued at $14,293,000 after buying an additional 29,445 shares during the period. Finally, Crossmark Global Holdings Inc. grew its position in Madison Square Garden Sports by 35.2% during the third quarter. Crossmark Global Holdings Inc. now owns 1,510 shares of the company's stock worth $314,000 after buying an additional 393 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised their price objective 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 Stock Down 1.0 %

MSGS traded down $2.12 during trading on Monday, reaching $201.57. 147,952 shares of the company's stock were exchanged, compared to its average volume of 102,041. The company has a market capitalization of $4.84 billion, a P/E ratio of 85.05 and a beta of 0.91. The business has a 50 day moving average price of $214.18 and a 200 day moving average price of $216.31. Madison Square Garden Sports Corp. has a fifty-two week low of $178.35 and a fifty-two week high of $237.99.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). The business had revenue of $357.80 million for the quarter, compared to analyst estimates of $352.68 million. Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. Madison Square Garden Sports's revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 earnings per share. As a group, research analysts forecast that Madison Square Garden Sports Corp. will post 0.73 EPS 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 development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.