Incline Global Management LLC Has $13.88 Million Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Incline Global Management LLC lessened its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 15.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,200 shares of the company’s stock after selling 13,653 shares during the period. Madison Square Garden Sports comprises approximately 4.4% of Incline Global Management LLC’s holdings, making the stock its 19th biggest holding. Incline Global Management LLC owned about 0.31% of Madison Square Garden Sports worth $13,876,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates boosted its stake in shares of 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 in the last quarter. Treasurer of the State of North Carolina lifted its position in Madison Square Garden Sports by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 8,245 shares of the company’s stock worth $1,499,000 after buying an additional 80 shares in the last quarter. Swiss National Bank lifted its position in Madison Square Garden Sports by 0.3% during the 1st quarter. Swiss National Bank now owns 30,633 shares of the company’s stock worth $5,652,000 after buying an additional 100 shares in the last quarter. Quadrant Capital Group LLC lifted its position 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 in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Madison Square Garden Sports by 3.1% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 6,578 shares of the company’s stock worth $1,214,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Madison Square Garden Sports Trading Up 0.9 %

NYSE MSGS traded up $1.85 on Tuesday, hitting $201.14. 68,418 shares of the company were exchanged, compared to its average volume of 119,386. The firm has a 50 day moving average of $190.42 and a two-hundred day moving average of $187.68. The company has a market cap of $4.82 billion, a P/E ratio of 205.24 and a beta of 0.96. 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 issued 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). The company had revenue of $430.00 million for the quarter, compared to analyst estimates 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 firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the company earned $2.18 EPS. Research analysts anticipate that Madison Square Garden Sports Corp. will post 1.87 EPS for the current fiscal 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.