Maryland State Retirement & Pension System Sells 69 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Maryland State Retirement & Pension System reduced its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,498 shares of the company’s stock after selling 69 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Madison Square Garden Sports were worth $1,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MSGS. Wellington Management Group LLP grew its position in Madison Square Garden Sports by 61.8% during the third quarter. Wellington Management Group LLP now owns 44,851 shares of the company’s stock valued at $7,907,000 after buying an additional 17,139 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Madison Square Garden Sports by 206.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 9,610 shares of the company’s stock worth $1,747,000 after purchasing an additional 6,472 shares in the last quarter. Amalgamated Bank raised its holdings in Madison Square Garden Sports by 188.5% in the 3rd quarter. Amalgamated Bank now owns 8,096 shares of the company’s stock worth $1,427,000 after purchasing an additional 5,290 shares during the period. Northern Trust Corp lifted its position in Madison Square Garden Sports by 7.8% during the third quarter. Northern Trust Corp now owns 226,994 shares of the company’s stock valued at $40,019,000 after purchasing an additional 16,497 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in 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 valued at $329,326,000 after purchasing an additional 130,745 shares during the period. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Madison Square Garden Sports Stock Up 1.3 %

NYSE MSGS opened at $190.76 on Thursday. The stock’s 50-day moving average price is $184.36 and its 200-day moving average price is $180.67. The company has a market capitalization of $4.57 billion, a P/E ratio of 194.65 and a beta of 0.92. Madison Square Garden Sports Corp. has a 52 week low of $164.79 and a 52 week 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 for the quarter, missing the consensus estimate of $2.78 by ($1.21). The firm had revenue of $430.00 million for the quarter, compared to analysts’ expectations of $420.76 million. Madison Square Garden Sports had a net margin of 2.59% and a negative return on equity of 7.23%. Madison Square Garden Sports’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.18 EPS. Research analysts anticipate that Madison Square Garden Sports Corp. will post 2.11 EPS for the current year.

Insider Buying and Selling

In other Madison Square Garden Sports news, Chairman James Lawrence Dolan sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $185.88, for a total transaction of $3,345,840.00. Following the sale, the chairman now directly owns 164,583 shares of the company’s stock, valued at $30,592,688.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 45,239 shares of company stock valued at $8,481,692. Company insiders own 22.28% of the company’s stock.

Madison Square Garden Sports Company 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.