Heck Capital Advisors LLC Purchases New Position in Madison Square Garden Sports Corp. (NYSE:MSGS)

Heck Capital Advisors LLC acquired a new position in Madison Square Garden Sports Corp. (NYSE:MSGS) in the 4th quarter, Holdings Channel.com reports. The firm acquired 191 shares of the company’s stock, valued at approximately $43,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MSGS. Fifth Third Bancorp boosted its position in Madison Square Garden Sports by 119.0% during the fourth quarter. Fifth Third Bancorp now owns 138 shares of the company’s stock worth $31,000 after purchasing an additional 75 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Madison Square Garden Sports by 31.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 223 shares of the company’s stock valued at $46,000 after acquiring an additional 53 shares during the last quarter. Versant Capital Management Inc increased its holdings in Madison Square Garden Sports by 35.3% during the 4th quarter. Versant Capital Management Inc now owns 234 shares of the company’s stock valued at $53,000 after acquiring an additional 61 shares in the last quarter. Blue Trust Inc. raised its position in Madison Square Garden Sports by 326.5% during the third quarter. Blue Trust Inc. now owns 418 shares of the company’s stock worth $87,000 after acquiring an additional 320 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Madison Square Garden Sports in the third quarter valued at about $119,000. Institutional investors and hedge funds own 68.94% of the company’s stock.

Analyst Ratings Changes

Separately, Macquarie raised 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 research note on Tuesday, November 5th.

Madison Square Garden Sports Stock Down 0.4 %

Shares of NYSE:MSGS opened at $219.70 on Monday. The company has a market capitalization of $5.26 billion, a P/E ratio of 75.50 and a beta of 0.91. Madison Square Garden Sports Corp. has a 52-week low of $178.35 and a 52-week high of $237.99. The stock’s fifty day simple moving average is $223.60 and its 200-day simple moving average is $214.60.

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