Public Employees Retirement System of Ohio Sells 838 Shares of Madison Square Garden Sports Corp. (NYSE:MSGS)
Public Employees Retirement System of Ohio cut its stake in Madison Square Garden Sports Corp. (NYSE:MSGS – Free Report) by 10.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,572 shares of the company’s stock after selling 838 shares during the quarter. Public […] Public Employees Retirement System of Ohio reduced its stake in Madison Square Garden Sports Corp. (NYSE:MSGS) by 10.0% during the third quarter. The firm now owns 7,572 shares of the company’s stock after selling 838 shares during the quarter. Vanguard Group Inc. increased its position in shares of Madison Square Gard Sports by 7.5% and now owns 1,867,989 shares. Other large investors have also made changes to their positions in the stock. COO David G. Hopkinson sold 937 shares of shares in the company in a transaction on Thursday, February 8th. Following the sale, Hopkinson now owns 2,385 shares of MSGS, valued at $458,420.85.
Published : a month ago by Defense World Staff in Finance
Public Employees Retirement System of Ohio cut its stake in Madison Square Garden Sports Corp. (NYSE:MSGS – Free Report) by 10.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,572 shares of the company’s stock after selling 838 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Madison Square Garden Sports were worth $1,335,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Madison Square Garden Sports by 7.5% during the third quarter. Vanguard Group Inc. now owns 1,867,989 shares of the company’s stock valued at $329,326,000 after buying an additional 130,745 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in Madison Square Garden Sports during the 3rd quarter valued at approximately $1,049,000. Wellington Management Group LLP lifted its stake in shares of Madison Square Garden Sports by 61.8% during the third quarter. Wellington Management Group LLP now owns 44,851 shares of the company’s stock worth $7,907,000 after buying an additional 17,139 shares during the period. American Century Companies Inc. grew its holdings in shares of Madison Square Garden Sports by 111.7% during the third quarter. American Century Companies Inc. now owns 5,565 shares of the company’s stock valued at $981,000 after buying an additional 2,936 shares during the last quarter. Finally, Public Sector Pension Investment Board acquired a new position in shares of Madison Square Garden Sports in the 3rd quarter valued at $3,629,000. 68.94% of the stock is owned by institutional investors.
In other Madison Square Garden Sports news, COO David G. Hopkinson sold 937 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $192.21, for a total transaction of $180,100.77. Following the completion of the sale, the chief operating officer now owns 2,385 shares of the company’s stock, valued at $458,420.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Chairman James Lawrence Dolan sold 19,003 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $187.81, for a total value of $3,568,953.43. Following the transaction, the chairman now directly owns 182,583 shares in the company, valued at approximately $34,290,913.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO David G. Hopkinson sold 937 shares of Madison Square Garden Sports stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $192.21, for a total transaction of $180,100.77. Following the completion of the sale, the chief operating officer now owns 2,385 shares of the company’s stock, valued at approximately $458,420.85. The disclosure for this sale can be found here. Insiders have sold 46,176 shares of company stock worth $8,661,793 in the last ninety days. 22.28% of the stock is owned by insiders.
Madison Square Garden Sports (NYSE:MSGS – Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.37 by $0.22. Madison Square Garden Sports had a negative return on equity of 11.27% and a net margin of 4.38%. The company had revenue of $326.90 million for the quarter, compared to analyst estimates of $325.86 million. During the same period last year, the company earned $0.84 earnings per share. Madison Square Garden Sports’s quarterly revenue was down 7.6% compared to the same quarter last year. Equities analysts anticipate that Madison Square Garden Sports Corp. will post 2.11 EPS for the current fiscal year.
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 two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.
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Topics: Markets