Rockefeller Financial Services Inc. held its stake in shares of MSG Networks Inc. (NYSE:MSG) during the third quarter, according to its most recent filing with the SEC. The fund owned 2,325 shares of the company’s stock at the end of the third quarter. Rockefeller Financial Services Inc.’s holdings in MSG Networks were worth $394,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Calvert Investment Management Inc. increased its stake in shares of MSG Networks by 2.0% in the second quarter. Calvert Investment Management Inc. now owns 1,635 shares of the company’s stock valued at $282,000 after buying an additional 32 shares during the last quarter. Legal & General Group Plc increased its stake in shares of MSG Networks by 3.7% in the second quarter. Legal & General Group Plc now owns 1,635 shares of the company’s stock valued at $282,000 after buying an additional 59 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of MSG Networks by 8.0% in the second quarter. Prudential Financial Inc. now owns 1,356 shares of the company’s stock valued at $234,000 after buying an additional 100 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of MSG Networks by 2.0% in the second quarter. HighTower Advisors LLC now owns 6,740 shares of the company’s stock valued at $1,163,000 after buying an additional 135 shares during the last quarter. Finally, First Foundation Advisors increased its stake in shares of MSG Networks by 10.8% in the second quarter. First Foundation Advisors now owns 2,444 shares of the company’s stock valued at $422,000 after buying an additional 238 shares during the last quarter. 86.53% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of MSG Networks Inc. (NYSE:MSG) traded down 0.01% during mid-day trading on Friday, hitting $173.32. 53,918 shares of the company’s stock traded hands. The stock’s market cap is $4.15 billion. The stock has a 50 day moving average price of $174.20 and a 200-day moving average price of $174.16. MSG Networks Inc. has a 1-year low of $139.10 and a 1-year high of $188.80.

MSG Networks (NYSE:MSG) last issued its earnings results on Friday, November 4th. The company reported ($1.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.15) by $0.04. The business had revenue of $181.70 million for the quarter, compared to the consensus estimate of $167.95 million. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.06) earnings per share. Equities research analysts anticipate that MSG Networks Inc. will post ($0.49) EPS for the current fiscal year.

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Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of MSG Networks from a “sell” rating to a “hold” rating in a report on Tuesday. Albert Fried & Company reaffirmed a “hold” rating on shares of MSG Networks in a report on Wednesday. Loop Capital downgraded shares of MSG Networks from a “hold” rating to a “sell” rating in a report on Friday, December 16th. Guggenheim raised shares of MSG Networks from a “neutral” rating to a “buy” rating in a report on Saturday, December 10th. Finally, TheStreet began coverage on shares of MSG Networks in a report on Wednesday, October 19th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $197.96.

MSG Networks Company Profile

The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Company operates in two segments, which include MSG Entertainment and MSG Sports. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks (the Knicks) of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team.

5 Day Chart for NYSE:MSG

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