Mckinley Capital Management LLC Delaware lessened its holdings in MSG Networks Inc (NYSE:MSGN) by 49.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,902 shares of the company’s stock after selling 64,494 shares during the quarter. Mckinley Capital Management LLC Delaware owned approximately 0.09% of MSG Networks worth $1,376,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of MSG Networks by 33,563.0% during the first quarter. BlackRock Inc. now owns 3,898,845 shares of the company’s stock worth $91,038,000 after purchasing an additional 3,887,263 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of MSG Networks by 2,476.2% during the second quarter. Neuberger Berman Group LLC now owns 1,017,985 shares of the company’s stock worth $22,854,000 after purchasing an additional 978,470 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of MSG Networks by 5.7% during the second quarter. Vanguard Group Inc. now owns 6,667,275 shares of the company’s stock worth $149,681,000 after purchasing an additional 360,354 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of MSG Networks by 37.9% during the second quarter. American Century Companies Inc. now owns 1,302,569 shares of the company’s stock worth $29,243,000 after purchasing an additional 358,009 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its holdings in shares of MSG Networks by 108.7% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 673,448 shares of the company’s stock worth $14,277,000 after purchasing an additional 350,696 shares during the last quarter. 81.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MSG Networks Inc (MSGN) opened at $18.05 on Friday. MSG Networks Inc has a 12 month low of $16.15 and a 12 month high of $25.30. The firm has a market cap of $1,342.93, a PE ratio of 8.08, a PEG ratio of 9.25 and a beta of 0.75. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of -1.35.

MSG Networks (NYSE:MSGN) last announced its earnings results on Thursday, November 2nd. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $157.46 million during the quarter, compared to the consensus estimate of $157.21 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. research analysts expect that MSG Networks Inc will post 2.17 EPS for the current fiscal year.

Several equities analysts have issued reports on the company. Jefferies Group dropped their price objective on 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 downgraded 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 downgraded 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 investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. MSG Networks currently has a consensus rating of “Hold” and an average price target of $23.86.

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About MSG Networks

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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