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

California Public Employees Retirement System lessened its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGSGet Rating) by 4.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 37,815 shares of the company’s stock after selling 1,938 shares during the quarter. California Public Employees Retirement System’s holdings in Madison Square Garden Sports were worth $5,710,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. SeaCrest Wealth Management LLC purchased a new position in shares of Madison Square Garden Sports during the second quarter valued at approximately $27,000. Trust Co. of Vermont purchased a new stake in shares of Madison Square Garden Sports in the second quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Madison Square Garden Sports in the first quarter valued at approximately $46,000. McIlrath & Eck LLC purchased a new stake in shares of Madison Square Garden Sports in the second quarter valued at approximately $45,000. Finally, MBM Wealth Consultants LLC purchased a new stake in shares of Madison Square Garden Sports in the first quarter valued at approximately $60,000. Hedge funds and other institutional investors own 63.91% of the company’s stock.

Madison Square Garden Sports Stock Performance

Shares of NYSE MSGS opened at $153.75 on Friday. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 75.74 and a beta of 0.94. The stock has a 50 day moving average price of $149.09 and a 200 day moving average price of $154.45. Madison Square Garden Sports Corp. has a 52-week low of $136.61 and a 52-week high of $182.78.

Madison Square Garden Sports (NYSE:MSGSGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The company reported ($0.73) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.02) by $0.29. The firm had revenue of $24.09 million during the quarter, compared to analyst estimates of $20.68 million. Madison Square Garden Sports had a negative return on equity of 28.22% and a net margin of 6.01%. Analysts forecast that Madison Square Garden Sports Corp. will post 1.7 earnings per share for the current year.

Madison Square Garden Sports Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 17th were issued a $7.00 dividend. The ex-dividend date was Friday, October 14th. This represents a dividend yield of 4.48%.

Madison Square Garden Sports Profile

(Get Rating)

Madison Square Garden Sports Corp. operates as a professional sports company. 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.

See Also

Want to see what other hedge funds are holding MSGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Madison Square Garden Sports Corp. (NYSE:MSGSGet Rating).

Institutional Ownership by Quarter for Madison Square Garden Sports (NYSE:MSGS)

Receive News & Ratings for Madison Square Garden Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Madison Square Garden Sports and related companies with MarketBeat.com's FREE daily email newsletter.