Oregon Public Employees Retirement Fund Reduces Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Oregon Public Employees Retirement Fund reduced its position in Madison Square Garden Sports Corp. (NYSE:MSGS) by 8.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,090 shares of the company’s stock after selling 400 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Madison Square Garden Sports were worth $769,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MSGS. Vanguard Group Inc. grew its position in Madison Square Garden Sports by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,939,705 shares of the company’s stock valued at $357,914,000 after buying an additional 12,813 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Madison Square Garden Sports by 3.7% in the first quarter. Gamco Investors INC. ET AL now owns 594,169 shares of the company’s stock valued at $109,636,000 after acquiring an additional 21,149 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Madison Square Garden Sports by 0.7% during the first quarter. Gabelli Funds LLC now owns 413,800 shares of the company’s stock worth $76,354,000 after acquiring an additional 2,850 shares during the period. Norges Bank purchased a new position in Madison Square Garden Sports during the fourth quarter worth about $35,002,000. Finally, Dimensional Fund Advisors LP lifted its position in Madison Square Garden Sports by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 171,864 shares of the company’s stock valued at $31,250,000 after purchasing an additional 14,741 shares during the period. 68.94% of the stock is owned by institutional investors and hedge funds.

Madison Square Garden Sports Stock Down 0.1 %

Shares of MSGS opened at $201.94 on Wednesday. The company has a market capitalization of $4.84 billion, a PE ratio of 206.06 and a beta of 0.94. Madison Square Garden Sports Corp. has a 52-week low of $164.79 and a 52-week high of $213.26. The company has a 50-day simple moving average of $199.82 and a 200-day simple moving average of $190.51.

Madison Square Garden Sports (NYSE:MSGS) last released its quarterly earnings data on Tuesday, August 13th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.73. The firm had revenue of $227.25 million during the quarter, compared to the consensus estimate of $167.71 million. Madison Square Garden Sports had a negative return on equity of 18.69% and a net margin of 5.72%. Madison Square Garden Sports’s quarterly revenue was up 79.1% on a year-over-year basis. During the same period last year, the business posted ($0.39) EPS. On average, research analysts anticipate that Madison Square Garden Sports Corp. will post 1.39 EPS for the current year.

Insider Buying and Selling

In other Madison Square Garden Sports news, CEO James Lawrence Dolan sold 629 shares of Madison Square Garden Sports stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.30, for a total transaction of $131,649.70. Following the completion of the transaction, the chief executive officer now owns 10,192 shares in the company, valued at $2,133,185.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Macquarie decreased their price target on Madison Square Garden Sports from $240.00 to $235.00 and set an “outperform” rating on the stock in a research note on Friday, August 16th.

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