California Public Employees Retirement System Boosts Stock Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

California Public Employees Retirement System grew its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 0.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 86,266 shares of the company’s stock after purchasing an additional 241 shares during the period. California Public Employees Retirement System’s holdings in Madison Square Garden Sports were worth $19,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MSGS. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 valued at $23,295,000 after buying an additional 3,784 shares in the last quarter. FMR LLC boosted its stake in Madison Square Garden Sports by 11.3% in the third quarter. FMR LLC now owns 1,669 shares of the company’s stock valued at $348,000 after acquiring an additional 169 shares in the last quarter. Verition Fund Management LLC grew its holdings in shares of Madison Square Garden Sports by 68.5% during the third quarter. Verition Fund Management LLC now owns 6,519 shares of the company’s stock worth $1,358,000 after purchasing an additional 2,650 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Madison Square Garden Sports during the third quarter worth about $219,000. Finally, Holocene Advisors LP lifted its holdings in shares of Madison Square Garden Sports by 10.9% in the 3rd quarter. Holocene Advisors LP now owns 7,942 shares of the company’s stock valued at $1,654,000 after purchasing an additional 782 shares during the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

Madison Square Garden Sports Price Performance

MSGS stock opened at $180.37 on Friday. Madison Square Garden Sports Corp. has a 12 month low of $178.35 and a 12 month high of $237.99. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 76.11 and a beta of 0.81. The company has a fifty day moving average price of $202.25 and a 200 day moving average price of $214.20.

Madison Square Garden Sports (NYSE:MSGS) last announced its earnings results 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). The business had revenue of $357.80 million for the quarter, compared to analyst estimates of $352.68 million. Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. Madison Square Garden Sports’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. As a group, analysts anticipate that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.

Insider Activity at Madison Square Garden Sports

In other news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the 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 completion of the transaction, the insider now owns 5,097 shares in the company, valued at $968,022.24. This trade represents a 86.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 22.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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