Madison Square Garden Sports Corp. (NYSE:MSGS) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its position in shares of Madison Square Garden Sports Corp. (NYSE:MSGS) by 2.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,686 shares of the company’s stock after selling 228 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Madison Square Garden Sports were worth $1,960,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in Madison Square Garden Sports by 134.8% in the fourth quarter. IFP Advisors Inc now owns 540 shares of the company’s stock valued at $122,000 after purchasing an additional 310 shares during the period. First Bank & Trust acquired a new position in Madison Square Garden Sports in the 4th quarter valued at about $205,000. Handelsbanken Fonder AB increased its position in Madison Square Garden Sports by 11.5% in the 4th quarter. Handelsbanken Fonder AB now owns 3,872 shares of the company’s stock valued at $874,000 after acquiring an additional 400 shares during the period. Principal Financial Group Inc. raised its stake in Madison Square Garden Sports by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 81,252 shares of the company’s stock valued at $18,337,000 after acquiring an additional 2,443 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Madison Square Garden Sports by 81.4% during the 4th quarter. Allworth Financial LP now owns 127 shares of the company’s stock worth $28,000 after acquiring an additional 57 shares during the period. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Analysts Set New Price Targets

Separately, Macquarie boosted their target price on Madison Square Garden Sports from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday.

Madison Square Garden Sports Stock Performance

Shares of Madison Square Garden Sports stock opened at $203.75 on Friday. Madison Square Garden Sports Corp. has a one year low of $178.35 and a one year high of $237.99. The company has a market cap of $4.89 billion, a P/E ratio of 85.97 and a beta of 0.91. The firm has a fifty day moving average of $214.55 and a two-hundred day moving average of $216.02.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.05 earnings per share (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 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%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 earnings per share. As a group, equities analysts predict 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.