Teacher Retirement System of Texas Raises Stock Holdings in Madison Square Garden Sports Corp. (NYSE:MSGS)

Teacher Retirement System of Texas lifted its holdings in Madison Square Garden Sports Corp. (NYSE:MSGS - Free Report) by 342.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,343 shares of the company's stock after purchasing an additional 11,102 shares during the period. Teacher Retirement System of Texas owned about 0.06% of Madison Square Garden Sports worth $3,237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MSGS. Charles Schwab Investment Management Inc. raised its position in Madison Square Garden Sports by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 111,855 shares of the company's stock worth $23,295,000 after acquiring an additional 3,784 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Madison Square Garden Sports in the 3rd quarter worth $861,000. FMR LLC raised its holdings in Madison Square Garden Sports by 11.3% in the 3rd quarter. FMR LLC now owns 1,669 shares of the company's stock worth $348,000 after purchasing an additional 169 shares during the period. BNP Paribas Financial Markets lifted its position in Madison Square Garden Sports by 69.9% during the third quarter. BNP Paribas Financial Markets now owns 33,961 shares of the company's stock valued at $7,073,000 after purchasing an additional 13,972 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in Madison Square Garden Sports during the third quarter valued at about $249,000. Hedge funds and other institutional investors own 68.94% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Macquarie raised their price objective on Madison Square Garden Sports from $240.00 to $250.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th.

Insider Buying and Selling at Madison Square Garden Sports

In other Madison Square Garden Sports news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $189.92, for a total transaction of $6,044,204.00. Following the completion of the sale, the insider now directly owns 5,097 shares of the company's stock, valued at $968,022.24. This trade represents a 86.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 22.10% of the company's stock.

Madison Square Garden Sports Trading Down 1.8 %

NYSE MSGS traded down $3.52 on Friday, reaching $195.18. 191,569 shares of the stock were exchanged, compared to its average volume of 108,795. The firm has a market capitalization of $4.69 billion, a PE ratio of 82.35 and a beta of 0.91. Madison Square Garden Sports Corp. has a one year low of $178.35 and a one year high of $237.99. The company's 50-day simple moving average is $204.81 and its two-hundred day simple moving average is $214.66.

Madison Square Garden Sports (NYSE:MSGS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $357.80 million for the quarter, compared to the consensus estimate of $352.68 million. Madison Square Garden Sports had a net margin of 5.33% and a negative return on equity of 20.50%. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share. Sell-side analysts forecast that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current fiscal 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.