Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its holdings in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 32.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,999 shares of the company’s stock after selling 4,787 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Madison Square Garden Sports were worth $1,881,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MSGS. Charles Schwab Investment Management Inc. raised its position in Madison Square Garden Sports by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,446 shares of the company’s stock worth $18,082,000 after buying an additional 4,877 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Madison Square Garden Sports by 9.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 171,864 shares of the company’s stock worth $31,250,000 after buying an additional 14,741 shares during the last quarter. Quadrant Capital Group LLC raised its position in Madison Square Garden Sports by 40.8% during the 4th quarter. Quadrant Capital Group LLC now owns 449 shares of the company’s stock worth $82,000 after buying an additional 130 shares during the last quarter. Norges Bank purchased a new position in Madison Square Garden Sports during the 4th quarter worth $35,002,000. Finally, SageView Advisory Group LLC purchased a new position in Madison Square Garden Sports during the 4th quarter worth $253,000. Institutional investors and hedge funds own 68.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Macquarie cut their price target on shares of Madison Square Garden Sports from $240.00 to $235.00 and set an “outperform” rating for the company in a report on Friday, August 16th.

Insider Activity at Madison Square Garden Sports

In related news, CEO James Lawrence Dolan sold 629 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.30, for a total value of $131,649.70. Following the sale, the chief executive officer now directly owns 10,192 shares of the company’s stock, valued at approximately $2,133,185.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 22.28% of the stock is owned by corporate insiders.

Madison Square Garden Sports Stock Down 1.2 %

Shares of MSGS opened at $207.02 on Monday. The company has a 50-day simple moving average of $201.63 and a 200-day simple moving average of $191.49. The company has a market capitalization of $4.96 billion, a PE ratio of 211.24 and a beta of 0.94. Madison Square Garden Sports Corp. has a 52-week low of $164.79 and a 52-week high of $213.26.

Madison Square Garden Sports (NYSE:MSGS) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.73. The business had revenue of $227.25 million during the quarter, compared to the consensus estimate of $167.71 million. Madison Square Garden Sports had a net margin of 5.72% and a negative return on equity of 18.69%. The business’s revenue was up 79.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.39) EPS. On average, research analysts anticipate that Madison Square Garden Sports Corp. will post 1.39 EPS for the current year.

Madison Square Garden Sports 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.