Shares of MSG Networks Inc. (NYSE:MSGN) have been assigned a consensus rating of “Hold” from the fourteen research firms that are covering the firm. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $22.52.

MSGN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reissued a “hold” rating and issued a $19.00 price target on shares of MSG Networks in a research report on Friday, August 19th. Jefferies Group reissued a “hold” rating on shares of MSG Networks in a research report on Monday, August 22nd. Albert Fried & Company raised shares of MSG Networks from a “market perform” rating to an “overweight” rating and set a $28.00 price target for the company in a research report on Tuesday, September 6th. Zacks Investment Research lowered shares of MSG Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Loop Capital initiated coverage on shares of MSG Networks in a research report on Tuesday, August 9th. They issued a “hold” rating for the company.

MSG Networks (NYSE:MSGN) opened at 18.70 on Thursday. MSG Networks has a 52 week low of $14.73 and a 52 week high of $21.72. The stock has a 50 day moving average of $18.12 and a 200 day moving average of $16.96. The stock has a market capitalization of $1.40 billion, a P/E ratio of 188.89 and a beta of 0.83.

MSG Networks (NYSE:MSGN) last posted its quarterly earnings data on Thursday, August 18th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. MSG Networks had a net margin of 1.16% and a negative return on equity of 13.76%. The company earned $160.50 million during the quarter, compared to analyst estimates of $159.84 million. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that MSG Networks will post $2.10 earnings per share for the current fiscal year.

In related news, insider Kathleen Margaret Dolan purchased 47,864 shares of the stock in a transaction on Monday, September 12th. The shares were bought at an average price of $16.80 per share, for a total transaction of $804,115.20. Following the completion of the acquisition, the insider now directly owns 4,705 shares in the company, valued at approximately $79,044. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 19.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in MSGN. Quantbot Technologies LP increased its position in shares of MSG Networks by 189.4% in the second quarter. Quantbot Technologies LP now owns 6,659 shares of the company’s stock valued at $102,000 after buying an additional 4,358 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of MSG Networks by 86.9% in the third quarter. BNP Paribas Arbitrage SA now owns 5,623 shares of the company’s stock valued at $105,000 after buying an additional 2,614 shares during the last quarter. BlackRock Inc. increased its stake in shares of MSG Networks by 314.8% in the first quarter. BlackRock Inc. now owns 7,325 shares of the company’s stock valued at $127,000 after buying an additional 5,559 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of MSG Networks by 26.9% in the second quarter. Teacher Retirement System of Texas now owns 8,565 shares of the company’s stock valued at $131,000 after buying an additional 1,818 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of MSG Networks during the second quarter valued at about $140,000. Institutional investors own 79.04% of the company’s stock.

About MSG Networks

MSG Networks Inc, formerly The Madison Square Garden Company, is engaged in sports, entertainment and media business. The Company’s businesses include MSG Sports and MSG Entertainment. MSG Sports business includes sports business, which owns and operates the sports franchises, such as the New York Knicks (the Knicks) of the National Basketball Association (the NBA) and the New York Rangers (the Rangers) of the National Hockey League (the NHL).

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