Orion Portfolio Solutions LLC Sells 258 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Orion Portfolio Solutions LLC decreased its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,335 shares of the company’s stock after selling 258 shares during the period. Orion Portfolio Solutions LLC’s holdings in Madison Square Garden Sports were worth $2,107,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MSGS. Charles Schwab Investment Management Inc. grew its holdings in Madison Square Garden Sports by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 111,855 shares of the company’s stock worth $23,295,000 after acquiring an additional 3,784 shares during the last quarter. FMR LLC grew its stake in shares of Madison Square Garden Sports by 11.3% in the third quarter. FMR LLC now owns 1,669 shares of the company’s stock worth $348,000 after purchasing an additional 169 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Madison Square Garden Sports by 69.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 33,961 shares of the company’s stock valued at $7,073,000 after purchasing an additional 13,972 shares during the period. Verition Fund Management LLC lifted its holdings in Madison Square Garden Sports by 68.5% in the 3rd quarter. Verition Fund Management LLC now owns 6,519 shares of the company’s stock worth $1,358,000 after buying an additional 2,650 shares during the period. Finally, Paloma Partners Management Co bought a new stake in shares of Madison Square Garden Sports in the 3rd quarter worth approximately $219,000. 68.94% of the stock is owned by hedge funds and other institutional investors.

Madison Square Garden Sports Trading Up 1.8 %

Shares of MSGS opened at $198.24 on Wednesday. Madison Square Garden Sports Corp. has a 1-year low of $178.35 and a 1-year high of $237.99. The firm’s 50-day moving average price is $203.93 and its 200-day moving average price is $214.64. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 83.65 and a beta of 0.91.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The firm had revenue of $357.80 million for the quarter, compared to the consensus estimate of $352.68 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. On average, research analysts forecast that Madison Square Garden Sports Corp. will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Macquarie upped their target price on Madison Square Garden Sports from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th.

Insider Buying and Selling

In other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $189.92, for a total value of $6,044,204.00. Following the sale, the insider now owns 5,097 shares in the company, valued at approximately $968,022.24. This represents a 86.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 22.10% of the stock is owned by insiders.

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 development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.