Capstone Investment Advisors LLC Acquires 4,144 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Capstone Investment Advisors LLC raised its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS) by 166.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,630 shares of the company’s stock after buying an additional 4,144 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Madison Square Garden Sports were worth $1,223,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MSGS. Raymond James & Associates boosted 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 period. Treasurer of the State of North Carolina lifted its stake in shares of Madison Square Garden Sports by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 8,245 shares of the company’s stock valued at $1,499,000 after buying an additional 80 shares during the period. Quadrant Capital Group LLC grew its position in Madison Square Garden Sports by 40.8% during the fourth quarter. Quadrant Capital Group LLC now owns 449 shares of the company’s stock worth $82,000 after buying an additional 130 shares in the last quarter. Yousif Capital Management LLC increased its stake in Madison Square Garden Sports by 2.4% during the fourth quarter. Yousif Capital Management LLC now owns 8,474 shares of the company’s stock valued at $1,541,000 after acquiring an additional 201 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Madison Square Garden Sports by 3.7% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 6,378 shares of the company’s stock worth $1,160,000 after acquiring an additional 229 shares during the period. 68.94% of the stock is owned by institutional investors.

Madison Square Garden Sports Price Performance

Shares of NYSE MSGS traded up $1.05 during trading hours on Friday, reaching $194.74. The stock had a trading volume of 62,490 shares, compared to its average volume of 108,771. Madison Square Garden Sports Corp. has a twelve month low of $164.79 and a twelve month high of $215.79. The business’s fifty day moving average is $187.04 and its two-hundred day moving average is $185.45. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 198.71 and a beta of 0.96.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($1.21). Madison Square Garden Sports had a negative return on equity of 7.23% and a net margin of 2.59%. The business had revenue of $430.00 million during the quarter, compared to analyst estimates of $420.76 million. During the same period last year, the company earned $2.18 EPS. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. Sell-side analysts forecast that Madison Square Garden Sports Corp. will post 1.91 earnings per share for the current fiscal 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 two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.