Bleakley Financial Group LLC Sells 69 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Bleakley Financial Group LLC cut its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,601 shares of the company’s stock after selling 69 shares during the quarter. Bleakley Financial Group LLC owned about 0.05% of Madison Square Garden Sports worth $2,325,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MSGS. Vanguard Group Inc. lifted its holdings in shares of Madison Square Garden Sports by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 1,926,892 shares of the company’s stock worth $350,367,000 after acquiring an additional 58,903 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Madison Square Garden Sports by 0.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 573,020 shares of the company’s stock worth $104,192,000 after purchasing an additional 3,995 shares during the period. Norges Bank bought a new stake in Madison Square Garden Sports in the fourth quarter worth about $35,002,000. Dimensional Fund Advisors LP boosted its position in shares of Madison Square Garden Sports by 9.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 171,864 shares of the company’s stock valued at $31,250,000 after buying an additional 14,741 shares during the period. Finally, Sea Cliff Partners Management LP bought a new position in shares of Madison Square Garden Sports during the fourth quarter valued at approximately $24,577,000. 68.94% of the stock is owned by hedge funds and other institutional investors.

Madison Square Garden Sports Stock Performance

Shares of MSGS stock opened at $198.24 on Thursday. The stock has a 50 day moving average price of $188.54 and a 200 day moving average price of $186.41. Madison Square Garden Sports Corp. has a 52-week low of $164.79 and a 52-week high of $215.79. The firm has a market capitalization of $4.75 billion, a P/E ratio of 202.29 and a beta of 0.96.

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). The business had revenue of $430.00 million during the quarter, compared to analysts’ expectations of $420.76 million. Madison Square Garden Sports had a negative return on equity of 7.23% and a net margin of 2.59%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 EPS. As a group, sell-side analysts forecast that Madison Square Garden Sports Corp. will post 1.87 EPS for the current year.

About Madison Square Garden Sports

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.