Oak Thistle LLC Invests $800,000 in Madison Square Garden Sports Corp. (NYSE:MSGS)

Oak Thistle LLC purchased a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGSFree Report) in the fourth quarter, Holdings Channel.com reports. The fund purchased 4,398 shares of the company’s stock, valued at approximately $800,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Arizona State Retirement System increased its holdings in shares of Madison Square Garden Sports by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 4,410 shares of the company’s stock worth $777,000 after buying an additional 61 shares during the last quarter. Raymond James & Associates increased its holdings in Madison Square Garden Sports by 0.7% in the 4th quarter. Raymond James & Associates now owns 9,131 shares of the company’s stock valued at $1,660,000 after purchasing an additional 61 shares during the last quarter. Harbour Investments Inc. increased its holdings in Madison Square Garden Sports by 42.9% in the 1st quarter. Harbour Investments Inc. now owns 233 shares of the company’s stock valued at $45,000 after purchasing an additional 70 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Madison Square Garden Sports by 7.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,152 shares of the company’s stock valued at $203,000 after purchasing an additional 81 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in Madison Square Garden Sports by 15.2% in the 2nd quarter. Captrust Financial Advisors now owns 638 shares of the company’s stock valued at $96,000 after purchasing an additional 84 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Insider Buying and Selling at Madison Square Garden Sports

In other Madison Square Garden Sports news, COO David G. Hopkinson sold 937 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $192.21, for a total value of $180,100.77. Following the completion of the transaction, the chief operating officer now owns 2,385 shares of the company’s stock, valued at approximately $458,420.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Madison Square Garden Sports news, Chairman James Lawrence Dolan sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $185.88, for a total value of $3,345,840.00. Following the completion of the transaction, the chairman now owns 164,583 shares of the company’s stock, valued at approximately $30,592,688.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO David G. Hopkinson sold 937 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $192.21, for a total transaction of $180,100.77. Following the completion of the transaction, the chief operating officer now directly owns 2,385 shares of the company’s stock, valued at approximately $458,420.85. The disclosure for this sale can be found here. Insiders sold 46,176 shares of company stock valued at $8,661,793 in the last 90 days. Company insiders own 22.28% of the company’s stock.

Madison Square Garden Sports Stock Performance

Madison Square Garden Sports stock opened at $181.22 on Wednesday. Madison Square Garden Sports Corp. has a fifty-two week low of $164.79 and a fifty-two week high of $215.79. The firm has a 50 day moving average price of $186.73 and a 200 day moving average price of $179.46. The company has a market capitalization of $4.34 billion, a PE ratio of 113.97 and a beta of 0.94.

Madison Square Garden Sports (NYSE:MSGSGet Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.22. Madison Square Garden Sports had a net margin of 4.38% and a negative return on equity of 11.27%. The firm had revenue of $326.90 million during the quarter, compared to the consensus estimate of $325.86 million. During the same quarter last year, the firm earned $0.84 EPS. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. As a group, equities research analysts forecast that Madison Square Garden Sports Corp. will post 2.11 earnings per share for the current year.

About Madison Square Garden Sports

(Free Report)

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.

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Institutional Ownership by Quarter for Madison Square Garden Sports (NYSE:MSGS)

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