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

Rhumbline Advisers lessened its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC grew its position in shares of Madison Square Garden Sports by 31.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 223 shares of the company's stock valued at $46,000 after buying an additional 53 shares during the last quarter. Creative Planning boosted its position in Madison Square Garden Sports by 2.5% during the third quarter. Creative Planning now owns 2,542 shares of the company's stock valued at $529,000 after acquiring an additional 61 shares during the last quarter. Versant Capital Management Inc grew its stake in Madison Square Garden Sports by 35.3% during the fourth 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. Fifth Third Bancorp increased its stake in shares of Madison Square Garden Sports by 119.0% in the 4th quarter. Fifth Third Bancorp now owns 138 shares of the company's stock valued at $31,000 after acquiring an additional 75 shares in the last quarter. Finally, Insight Inv LLC boosted its stake in Madison Square Garden Sports by 1.5% during the third quarter. Insight Inv LLC now owns 6,665 shares of the company's stock worth $1,388,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 68.94% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Macquarie increased their price objective on shares of Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an "outperform" rating in a research report on Tuesday.

Madison Square Garden Sports Trading Up 1.2 %

Shares of MSGS traded up $2.43 during trading hours on Friday, reaching $203.75. The stock had a trading volume of 134,783 shares, compared to its average volume of 100,865. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 85.97 and a beta of 0.91. The firm has a 50-day simple moving average of $214.98 and a 200 day simple moving average of $215.96. Madison Square Garden Sports Corp. has a 12 month low of $178.35 and a 12 month high of $237.99.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last issued its quarterly earnings data 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). Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The business had revenue of $357.80 million for the quarter, compared to analyst estimates of $352.68 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities analysts forecast that Madison Square Garden Sports Corp. will post 0.73 EPS 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.