Tudor Investment Corp ET AL lessened its stake in MSG Networks Inc. (NYSE:MSGN) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,889 shares of the company’s stock after selling 1,431 shares during the quarter. Tudor Investment Corp ET AL owned 0.07% of MSG Networks worth $963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new position in shares of MSG Networks in the 1st quarter worth about $120,000. Victory Capital Management Inc. purchased a new position in shares of MSG Networks in the 1st quarter worth about $146,000. BNP Paribas Arbitrage SA raised its position in shares of MSG Networks by 177.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,347 shares of the company’s stock worth $187,000 after purchasing an additional 5,340 shares during the last quarter. Dubuque Bank & Trust Co. raised its position in shares of MSG Networks by 8.8% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 8,373 shares of the company’s stock worth $188,000 after purchasing an additional 679 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of MSG Networks by 222.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,855 shares of the company’s stock worth $276,000 after purchasing an additional 8,173 shares during the last quarter. 76.95% of the stock is owned by hedge funds and other institutional investors.

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MSG Networks Inc. (MSGN) opened at 21.90 on Friday. MSG Networks Inc. has a 12 month low of $18.20 and a 12 month high of $25.30. The firm has a 50-day moving average price of $20.99 and a 200-day moving average price of $22.32. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 9.87 and a beta of 0.76.

MSG Networks (NYSE:MSGN) last issued its quarterly earnings results on Wednesday, August 16th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. The business had revenue of $162.90 million during the quarter, compared to the consensus estimate of $161.91 million. MSG Networks had a negative return on equity of 16.56% and a net margin of 24.78%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. Equities research analysts expect that MSG Networks Inc. will post $2.20 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on MSGN shares. ValuEngine lowered MSG Networks from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub raised MSG Networks from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Jefferies Group LLC reissued a “hold” rating and issued a $22.00 target price on shares of MSG Networks in a research report on Thursday, September 21st. Loop Capital raised MSG Networks from a “sell” rating to a “hold” rating and set a $19.00 target price for the company in a research report on Monday, August 7th. Finally, FBN Securities raised MSG Networks from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.86.

MSG Networks 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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