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

Maryland State Retirement & Pension System lessened its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,498 shares of the company’s stock after selling 69 shares during the period. 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 large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Madison Square Garden Sports by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,867,989 shares of the company’s stock worth $329,326,000 after purchasing an additional 130,745 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Madison Square Garden Sports by 0.3% during the 3rd quarter. Gabelli Funds LLC now owns 410,455 shares of the company’s stock worth $72,363,000 after purchasing an additional 1,210 shares during the last quarter. Northern Trust Corp raised 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 worth $40,019,000 after acquiring an additional 16,497 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Madison Square Garden Sports by 92.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 137,585 shares of the company’s stock valued at $24,256,000 after purchasing an additional 66,272 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its holdings in Madison Square Garden Sports by 0.9% during the 4th quarter. Pinnacle Associates Ltd. now owns 132,762 shares of the company’s stock valued at $24,140,000 after purchasing an additional 1,222 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Madison Square Garden Sports Price Performance

MSGS opened at $190.76 on Thursday. The business has a fifty day simple moving average of $184.36 and a 200 day simple moving average of $180.67. Madison Square Garden Sports Corp. has a 1 year low of $164.79 and a 1 year high of $215.79. The company has a market capitalization of $4.57 billion, a PE ratio of 194.65 and a beta of 0.92.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings data 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 company had revenue of $430.00 million during the quarter, compared to analyst estimates 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 was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.18 earnings per share. Equities analysts anticipate that Madison Square Garden Sports Corp. will post 2.11 earnings per share for the current fiscal year.

Insider Activity at Madison Square Garden Sports

In other Madison Square Garden Sports news, Chairman James Lawrence Dolan sold 18,000 shares of the business’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 completion of the transaction, the chairman now owns 164,583 shares of the company’s stock, valued at $30,592,688.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 45,239 shares of company stock valued at $8,481,692 over the last quarter. 22.28% of the stock is owned by corporate insiders.

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.