1,320 Shares in Madison Square Garden Sports Corp. (NYSE:MSGS) Bought by Aristides Capital LLC

Aristides Capital LLC bought a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,320 shares of the company’s stock, valued at approximately $244,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Madison Square Garden Sports by 7.5% during the third quarter. Vanguard Group Inc. now owns 1,867,989 shares of the company’s stock worth $329,326,000 after purchasing an additional 130,745 shares in the last quarter. Raymond James & Associates raised its position in shares of Madison Square Garden Sports by 0.7% during the 4th quarter. Raymond James & Associates now owns 9,131 shares of the company’s stock valued at $1,660,000 after buying an additional 61 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of Madison Square Garden Sports by 0.9% during the 4th quarter. Pinnacle Associates Ltd. now owns 132,762 shares of the company’s stock valued at $24,140,000 after buying an additional 1,222 shares in the last quarter. Oak Thistle LLC bought a new position in Madison Square Garden Sports in the fourth quarter valued at $800,000. Finally, International Assets Investment Management LLC bought a new position in Madison Square Garden Sports in the fourth quarter valued at $430,000. 68.94% of the stock is currently owned by institutional investors.

Madison Square Garden Sports Price Performance

NYSE MSGS traded up $0.94 during trading hours on Friday, reaching $199.06. 73,019 shares of the stock traded hands, compared to its average volume of 89,117. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 203.12 and a beta of 0.96. The stock has a 50 day simple moving average of $189.87 and a two-hundred day simple moving average of $187.37. Madison Square Garden Sports Corp. has a 1 year low of $164.79 and a 1 year high of $215.79.

Madison Square Garden Sports (NYSE:MSGS) last released its earnings results on Thursday, May 2nd. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $430.00 million during the quarter, compared to the consensus estimate of $420.76 million. During the same quarter in the previous year, the firm earned $2.18 EPS. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, sell-side analysts forecast that Madison Square Garden Sports Corp. will post 1.87 EPS for the current fiscal year.

Madison Square Garden Sports 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.