Teachers Advisors LLC cut its stake in shares of MSG Networks Inc. (NYSE:MSGN) by 33.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 238,998 shares of the company’s stock after selling 117,635 shares during the quarter. Teachers Advisors LLC owned approximately 0.39% of MSG Networks worth $5,366,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Legal & General Group Plc grew its stake in shares of MSG Networks by 1.7% during the 2nd quarter. Legal & General Group Plc now owns 24,804 shares of the company’s stock valued at $557,000 after acquiring an additional 408 shares during the period. Dubuque Bank & Trust Co. grew its stake in shares of MSG Networks by 8.8% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 8,373 shares of the company’s stock valued at $188,000 after acquiring an additional 679 shares during the period. James Investment Research Inc. grew its stake in shares of MSG Networks by 1.0% during the 2nd quarter. James Investment Research Inc. now owns 81,987 shares of the company’s stock valued at $1,840,000 after acquiring an additional 825 shares during the period. Victory Capital Management Inc. grew its stake in shares of MSG Networks by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,330 shares of the company’s stock valued at $165,000 after acquiring an additional 1,097 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of MSG Networks by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 80,510 shares of the company’s stock valued at $1,807,000 after acquiring an additional 2,098 shares during the period. Institutional investors own 76.95% of the company’s stock.

A number of research analysts recently issued reports on the company. ValuEngine upgraded MSG Networks from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $22.00 price objective on shares of MSG Networks in a research note on Thursday, September 21st. FBN Securities upgraded MSG Networks from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 30th. Loop Capital upgraded MSG Networks from a “sell” rating to a “hold” rating and set a $19.00 price objective for the company in a research note on Monday, August 7th. Finally, Zacks Investment Research cut MSG Networks from a “hold” rating to a “sell” rating in a report on Saturday, July 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.86.

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Shares of MSG Networks Inc. (MSGN) opened at 21.30 on Tuesday. MSG Networks Inc. has a one year low of $18.20 and a one year high of $25.30. The stock’s 50 day moving average price is $20.99 and its 200 day moving average price is $22.09. The stock has a market capitalization of $1.60 billion, a PE ratio of 9.60 and a beta of 0.76.

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

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

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