Teacher Retirement System of Texas Purchases 11,102 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)

Teacher Retirement System of Texas boosted its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 342.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,343 shares of the company’s stock after acquiring an additional 11,102 shares during the quarter. Teacher Retirement System of Texas’ holdings in Madison Square Garden Sports were worth $3,237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Madison Square Garden Sports by 1.2% during the third quarter. State Street Corp now owns 549,108 shares of the company’s stock valued at $114,357,000 after buying an additional 6,640 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Madison Square Garden Sports in the 3rd quarter valued at $861,000. OFI Invest Asset Management purchased a new stake in Madison Square Garden Sports in the fourth quarter worth $1,032,000. Proficio Capital Partners LLC bought a new stake in shares of Madison Square Garden Sports during the fourth quarter worth $3,413,000. Finally, Levin Capital Strategies L.P. boosted its stake in shares of Madison Square Garden Sports by 118.5% during the fourth quarter. Levin Capital Strategies L.P. now owns 3,039 shares of the company’s stock valued at $686,000 after purchasing an additional 1,648 shares during the period. 68.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider F. Dolan 2009 Revocabl Charles sold 31,825 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $189.92, for a total value of $6,044,204.00. Following the completion of the transaction, the insider now owns 5,097 shares of the company’s stock, valued at $968,022.24. The trade was a 86.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 22.10% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Macquarie raised their price target on shares of 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.

Madison Square Garden Sports Stock Performance

Shares of NYSE MSGS opened at $197.49 on Wednesday. Madison Square Garden Sports Corp. has a 52-week low of $178.35 and a 52-week high of $237.99. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 83.33 and a beta of 0.91. The stock has a 50 day moving average price of $205.91 and a 200 day moving average price of $214.84.

Madison Square Garden Sports (NYSE:MSGS) last issued its earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $357.80 million during the quarter, compared to analysts’ expectations of $352.68 million. Madison Square Garden Sports had a negative return on equity of 20.50% and a net margin of 5.33%. Madison Square Garden Sports’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. Analysts forecast that Madison Square Garden Sports Corp. will post 0.73 earnings per share for the current year.

Madison Square Garden Sports Company 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.