UBS Group AG Raises Stake in Madison Square Garden Sports Corp. (NYSE:MSGS)

UBS Group AG boosted its position in Madison Square Garden Sports Corp. (NYSE:MSGS – Get Rating) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,030 shares of the company’s stock after buying an additional 8,474 shares during the quarter. UBS Group AG’s holdings in Madison Square Garden Sports were worth $11,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. California Public Employees Retirement System raised its holdings in shares of Madison Square Garden Sports by 15.7% during the fourth quarter. California Public Employees Retirement System now owns 47,913 shares of the company’s stock valued at $8,784,000 after acquiring an additional 6,517 shares in the last quarter. Swiss National Bank raised its holdings in Madison Square Garden Sports by 1.7% in the fourth quarter. Swiss National Bank now owns 35,633 shares of the company’s stock worth $6,533,000 after purchasing an additional 600 shares in the last quarter. Gamble Jones Investment Counsel purchased a new stake in shares of Madison Square Garden Sports in the fourth quarter worth $220,000. Salzhauer Michael purchased a new stake in shares of Madison Square Garden Sports in the fourth quarter worth $221,000. Finally, Arizona State Retirement System grew its stake in shares of Madison Square Garden Sports by 3.8% in the fourth quarter. Arizona State Retirement System now owns 4,168 shares of the company’s stock worth $764,000 after acquiring an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 65.08% of the company’s stock.

Insider Transactions at Madison Square Garden Sports

In related news, COO David G. Hopkinson sold 344 shares of the business’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $188.82, for a total transaction of $64,954.08. Following the completion of the transaction, the chief operating officer now owns 629 shares in the company, valued at approximately $118,767.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Madison Square Garden Sports news, COO David G. Hopkinson sold 414 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $192.42, for a total transaction of $79,661.88. Following the sale, the chief operating officer now owns 215 shares in the company, valued at approximately $41,370.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO David G. Hopkinson sold 344 shares of the stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $188.82, for a total value of $64,954.08. Following the completion of the transaction, the chief operating officer now directly owns 629 shares in the company, valued at $118,767.78. The disclosure for this sale can be found here. Company insiders own 21.73% of the company’s stock.

Madison Square Garden Sports Price Performance

Madison Square Garden Sports stock opened at $185.92 on Monday. Madison Square Garden Sports Corp. has a one year low of $136.61 and a one year high of $209.82. The stock has a market capitalization of $4.44 billion, a PE ratio of 54.68 and a beta of 0.90. The business’s fifty day moving average is $194.18 and its 200 day moving average is $181.21.

Madison Square Garden Sports (NYSE:MSGS – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.14). The company had revenue of $382.70 million during the quarter, compared to the consensus estimate of $366.26 million. Madison Square Garden Sports had a negative return on equity of 32.50% and a net margin of 9.00%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $1.00 EPS. As a group, sell-side analysts expect that Madison Square Garden Sports Corp. will post 1.79 EPS for the current fiscal year.

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).