Greenhouse Funds LLLP Sells 18,066 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Greenhouse Funds LLLP decreased its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,620 shares of the company's stock after selling 18,066 shares during the quarter. Madison Square Garden Sports comprises 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.

A number of other institutional investors also recently bought and sold shares of the business. Allworth Financial LP increased its position in Madison Square Garden Sports by 81.4% in the 4th quarter. Allworth Financial LP now owns 127 shares of the company's stock valued at $28,000 after acquiring an additional 57 shares during the period. Fifth Third Bancorp raised its stake in shares of Madison Square Garden Sports by 119.0% during the fourth quarter. Fifth Third Bancorp now owns 138 shares of the company's stock worth $31,000 after purchasing an additional 75 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Madison Square Garden Sports in the 4th quarter valued at $43,000. Versant Capital Management Inc lifted its stake in shares of Madison Square Garden Sports by 35.3% in the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company's stock worth $53,000 after acquiring an additional 61 shares during the period. Finally, Headlands Technologies LLC increased its stake in shares of Madison Square Garden Sports by 1,016.7% during the fourth quarter. Headlands Technologies LLC now owns 268 shares of the company's stock worth $60,000 after acquiring an additional 244 shares during the period. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Madison Square Garden Sports Stock Performance

NYSE:MSGS traded up $0.34 during trading hours on Friday, hitting $192.08. The company's stock had a trading volume of 93,474 shares, compared to its average volume of 113,046. Madison Square Garden Sports Corp. has a 52-week low of $173.26 and a 52-week high of $237.99. The business's 50-day moving average is $193.53 and its two-hundred day moving average is $211.52. The company has a market capitalization of $4.61 billion, a PE ratio of 81.05 and a beta of 0.81.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $357.80 million during the quarter, compared to analysts' expectations of $352.68 million. During the same quarter in the prior year, the business earned $0.59 EPS. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, analysts predict that Madison Square Garden Sports Corp. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of Madison Square Garden Sports stock in a transaction on Monday, March 10th. The stock was 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. The trade was a 86.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 22.10% of the company's stock.

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.