52,329 Shares in Madison Square Garden Sports Corp. (NYSE:MSGS) Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 52,329 shares of the company’s stock, valued at approximately $7,151,000.

Several other large investors have also recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of Madison Square Garden Sports by 73.7% during the 2nd quarter. Quadrant Capital Group LLC now owns 165 shares of the company’s stock worth $25,000 after acquiring an additional 70 shares in the last quarter. Captrust Financial Advisors grew its position in Madison Square Garden Sports by 15.2% during the 2nd quarter. Captrust Financial Advisors now owns 638 shares of the company’s stock worth $96,000 after purchasing an additional 84 shares during the last quarter. LPL Financial LLC grew its position in Madison Square Garden Sports by 4.4% during the 2nd quarter. LPL Financial LLC now owns 2,030 shares of the company’s stock worth $307,000 after purchasing an additional 85 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Madison Square Garden Sports during the 2nd quarter worth approximately $27,000. Finally, Rockefeller Capital Management L.P. grew its position in Madison Square Garden Sports by 1.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 8,282 shares of the company’s stock worth $1,131,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 65.08% of the company’s stock.

Madison Square Garden Sports Trading Down 0.3 %

NYSE:MSGS opened at $183.48 on Friday. The company has a market cap of $4.38 billion, a PE ratio of 82.65 and a beta of 0.89. Madison Square Garden Sports Corp. has a twelve month low of $136.61 and a twelve month high of $196.47. The company’s 50 day moving average is $185.58 and its two-hundred day moving average is $167.02.

Madison Square Garden Sports (NYSE:MSGS – Get Rating) last released its earnings results on Tuesday, February 7th. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.49). The company had revenue of $353.69 million for the quarter, compared to analysts’ expectations of $314.07 million. Madison Square Garden Sports had a negative return on equity of 25.57% and a net margin of 6.33%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. As a group, analysts expect that Madison Square Garden Sports Corp. will post 1.25 EPS for the current fiscal year.

Insider Activity

In other news, COO David G. Hopkinson sold 344 shares of the company’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $188.82, for a total value of $64,954.08. Following the sale, the chief operating officer now directly owns 629 shares of the company’s stock, valued at approximately $118,767.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 21.73% of the company’s stock.

About Madison Square Garden Sports

(Get Rating)

Madison Square Garden Sports Corp. is a professional sports company. It owns and operates a portfolio of assets featuring the New York Knickerbockers (the Knicks) of the National Basketball Association (NBA) and the New York Rangers (the Rangers) of the National Hockey League (NHL). The company’s other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League (the AHL) and the Westchester Knicks of the NBA G League (NBAGL).