MSG Networks Inc. (MSGN) Stake Decreased by Aperio Group LLC

Aperio Group LLC reduced its position in MSG Networks Inc. (NYSE:MSGN) by 9.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 102,989 shares of the company’s stock after selling 10,750 shares during the period. Aperio Group LLC owned 0.14% of MSG Networks worth $2,183,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of MSG Networks by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 6,667,275 shares of the company’s stock valued at $149,681,000 after buying an additional 360,354 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of MSG Networks by 33,563.0% in the 1st quarter. BlackRock Inc. now owns 3,898,845 shares of the company’s stock valued at $91,038,000 after buying an additional 3,887,263 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of MSG Networks by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,080,073 shares of the company’s stock valued at $46,698,000 after buying an additional 127,441 shares in the last quarter. State Street Corp boosted its holdings in shares of MSG Networks by 5.3% in the 2nd quarter. State Street Corp now owns 1,304,687 shares of the company’s stock valued at $29,290,000 after buying an additional 66,007 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of MSG Networks by 37.9% in the 2nd quarter. American Century Companies Inc. now owns 1,302,569 shares of the company’s stock valued at $29,243,000 after buying an additional 358,009 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

A number of research firms have recently weighed in on MSGN. Jefferies Group LLC lowered their price target on shares of MSG Networks from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Morgan Stanley cut shares of MSG Networks from an “equal weight” rating to an “underweight” rating and set a $20.00 target price for the company. in a research note on Tuesday, October 31st. Zacks Investment Research cut shares of MSG Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of MSG Networks in a research note on Tuesday, October 17th. Finally, Loop Capital upgraded shares of MSG Networks from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. MSG Networks presently has an average rating of “Hold” and an average price target of $23.86.

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Shares of MSG Networks Inc. (NYSE MSGN) opened at $16.80 on Tuesday. MSG Networks Inc. has a 12 month low of $16.45 and a 12 month high of $25.30. The company has a debt-to-equity ratio of -1.35, a current ratio of 2.75 and a quick ratio of 2.75. The company has a market cap of $1,294.03, a P/E ratio of 7.78, a P/E/G ratio of 8.83 and a beta of 0.74.

MSG Networks (NYSE:MSGN) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. MSG Networks had a net margin of 24.77% and a negative return on equity of 17.40%. The company had revenue of $157.46 million during the quarter, compared to analyst estimates of $157.21 million. During the same period last year, the firm posted $0.54 EPS. MSG Networks’s revenue for the quarter was up 2.5% compared to the same quarter last year. analysts anticipate that MSG Networks Inc. will post 2.19 earnings per share for the current fiscal year.

MSG Networks Company Profile

MSG Networks Inc, formerly The Madison Square Garden Company, is engaged in sports production, and content development and distribution. The Company owns and operates two regional sports and entertainment networks, MSG Network (MSGN) and MSG+, collectively MSG Networks. Its networks are distributed throughout its territory, which includes all of New York State and significant portions of New Jersey and Connecticut, as well as parts of Pennsylvania.

Institutional Ownership by Quarter for MSG Networks (NYSE:MSGN)

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