Teachers Retirement System of The State of Kentucky Makes New Investment in Madison Square Garden Sports Corp. (NYSE:MSGS)

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 52,329 shares of the company’s stock, valued at approximately $7,151,000. Teachers Retirement System of The State of Kentucky owned 0.22% of Madison Square Garden Sports at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MSGS. JPMorgan Chase & Co. raised its position in shares of Madison Square Garden Sports by 39.1% during the 1st quarter. JPMorgan Chase & Co. now owns 47,202 shares of the company’s stock valued at $8,467,000 after purchasing an additional 13,267 shares during the period. Raymond James & Associates increased its holdings in Madison Square Garden Sports by 160.6% in the 1st quarter. Raymond James & Associates now owns 3,174 shares of the company’s stock valued at $569,000 after acquiring an additional 1,956 shares during the last quarter. US Bancorp DE increased its holdings in Madison Square Garden Sports by 76.4% in the 1st quarter. US Bancorp DE now owns 614 shares of the company’s stock valued at $111,000 after acquiring an additional 266 shares during the last quarter. Citigroup Inc. increased its holdings in Madison Square Garden Sports by 98.6% in the 1st quarter. Citigroup Inc. now owns 2,951 shares of the company’s stock valued at $529,000 after acquiring an additional 1,465 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in Madison Square Garden Sports by 16.1% in the 1st quarter. Bank of Montreal Can now owns 32,415 shares of the company’s stock valued at $5,822,000 after acquiring an additional 4,499 shares during the last quarter. 65.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Madison Square Garden Sports news, COO David G. Hopkinson sold 344 shares of Madison Square Garden Sports 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 completion of the transaction, the chief operating officer now directly owns 629 shares of the company’s stock, valued at approximately $118,767.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 21.73% of the company’s stock.

Madison Square Garden Sports Stock Performance

Shares of NYSE MSGS opened at $183.48 on Friday. The company has a market cap of $4.38 billion, a P/E ratio of 82.65 and a beta of 0.89. The firm’s fifty day moving average is $185.58 and its two-hundred day moving average is $167.02. Madison Square Garden Sports Corp. has a 52-week low of $136.61 and a 52-week high of $196.47.

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

Madison Square Garden Sports Profile

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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).