Public Sector Pension Investment Board Has $7.37 Million Stake in Madison Square Garden Sports Corp. (NYSE:MSGS)

Public Sector Pension Investment Board reduced its stake in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,408 shares of the company’s stock after selling 1,300 shares during the quarter. Public Sector Pension Investment Board’s holdings in Madison Square Garden Sports were worth $7,374,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSGS. Ariel Investments LLC boosted its holdings in shares of Madison Square Garden Sports by 3.5% in the 2nd quarter. Ariel Investments LLC now owns 970,156 shares of the company’s stock worth $182,515,000 after acquiring an additional 33,031 shares in the last quarter. Gabelli Funds LLC raised its position in Madison Square Garden Sports by 0.4% in the 2nd quarter. Gabelli Funds LLC now owns 415,288 shares of the company’s stock valued at $78,128,000 after purchasing an additional 1,488 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Madison Square Garden Sports by 1,231.8% in the second quarter. Point72 Asset Management L.P. now owns 246,374 shares of the company’s stock worth $46,350,000 after purchasing an additional 227,874 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Madison Square Garden Sports by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 229,609 shares of the company’s stock valued at $43,196,000 after buying an additional 1,534 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Madison Square Garden Sports by 10.2% in the second quarter. Dimensional Fund Advisors LP now owns 211,100 shares of the company’s stock valued at $39,716,000 after buying an additional 19,585 shares during the last quarter. 68.94% of the stock is owned by institutional investors.

Madison Square Garden Sports Price Performance

Shares of Madison Square Garden Sports stock opened at $229.95 on Friday. The firm has a market cap of $5.51 billion, a P/E ratio of 79.02 and a beta of 0.92. The firm has a 50 day simple moving average of $219.42 and a 200 day simple moving average of $203.62. Madison Square Garden Sports Corp. has a fifty-two week low of $167.08 and a fifty-two week high of $232.58.

Madison Square Garden Sports (NYSE:MSGS) last issued its quarterly earnings results on Friday, November 1st. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.86) by $0.55. The business had revenue of $53.31 million for the quarter, compared to analyst estimates of $43.71 million. Madison Square Garden Sports had a negative return on equity of 23.81% and a net margin of 6.75%. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.79) earnings per share. On average, sell-side analysts expect that Madison Square Garden Sports Corp. will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Macquarie increased their price objective on shares of Madison Square Garden Sports from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th.

About Madison Square Garden Sports

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.