FORA Capital LLC Takes $361,000 Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

FORA Capital LLC acquired a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,959 shares of the company’s stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC raised its holdings in Madison Square Garden Sports by 40.8% during the 4th quarter. Quadrant Capital Group LLC now owns 449 shares of the company’s stock worth $82,000 after buying an additional 130 shares during the period. Cape Investment Advisory Inc. raised its holdings in Madison Square Garden Sports by 400.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 500 shares of the company’s stock worth $91,000 after buying an additional 400 shares during the period. Quent Capital LLC raised its holdings in Madison Square Garden Sports by 312.4% during the 1st quarter. Quent Capital LLC now owns 565 shares of the company’s stock worth $104,000 after buying an additional 428 shares during the period. BNP Paribas acquired a new stake in Madison Square Garden Sports during the 1st quarter worth approximately $111,000. Finally, Cerity Partners LLC acquired a new stake in Madison Square Garden Sports during the 4th quarter worth approximately $206,000. Institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Performance

MSGS stock traded down $0.55 during mid-day trading on Tuesday, hitting $193.19. 11,119 shares of the company were exchanged, compared to its average volume of 123,011. The firm has a market cap of $4.63 billion, a P/E ratio of 196.48 and a beta of 0.96. The firm’s 50 day simple moving average is $187.16 and its 200 day simple moving average is $185.67. 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 posted its quarterly earnings data on Thursday, May 2nd. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($1.21). Madison Square Garden Sports had a net margin of 2.59% and a negative return on equity of 7.23%. The business had revenue of $430.00 million during the quarter, compared to analyst estimates of $420.76 million. During the same quarter last year, the business earned $2.18 earnings per share. Madison Square Garden Sports’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities research analysts predict that Madison Square Garden Sports Corp. will post 1.91 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.