Bank of Montreal Can raised its holdings in MSG Networks Inc (NYSE:MSGN) by 109.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,018 shares of the company’s stock after purchasing an additional 72,571 shares during the quarter. Bank of Montreal Can’s holdings in MSG Networks were worth $3,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Victory Capital Management Inc. lifted its position in shares of MSG Networks by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 17,317 shares of the company’s stock valued at $408,000 after buying an additional 674 shares during the last quarter. Cerity Partners LLC lifted its position in shares of MSG Networks by 4.3% during the 4th quarter. Cerity Partners LLC now owns 24,630 shares of the company’s stock valued at $580,000 after buying an additional 1,005 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of MSG Networks by 103.0% during the 1st quarter. Meeder Asset Management Inc. now owns 2,125 shares of the company’s stock valued at $46,000 after buying an additional 1,078 shares during the last quarter. Athena Capital Advisors LLC purchased a new position in shares of MSG Networks during the 4th quarter valued at $36,000. Finally, Loeb Partners Corp purchased a new position in shares of MSG Networks during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

A number of research analysts have recently commented on MSGN shares. Zacks Investment Research raised MSG Networks from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, January 22nd. ValuEngine cut MSG Networks from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 30th. Morgan Stanley dropped their price target on MSG Networks from $22.00 to $20.00 and set an “underweight” rating on the stock in a research report on Friday, May 3rd. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $23.00 price target on shares of MSG Networks in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $24.60.

Shares of NYSE MSGN opened at $21.85 on Thursday. MSG Networks Inc has a one year low of $18.90 and a one year high of $28.13. The firm has a market cap of $1.64 billion, a PE ratio of 5.73, a PEG ratio of 1.78 and a beta of 0.78.

MSG Networks (NYSE:MSGN) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. MSG Networks had a negative return on equity of 32.61% and a net margin of 26.27%. The firm had revenue of $195.10 million for the quarter, compared to analysts’ expectations of $192.03 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, sell-side analysts forecast that MSG Networks Inc will post 2.53 earnings per share for the current fiscal year.

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MSG Networks Company Profile

MSG Networks Inc engages in the sports production, and content development and distribution businesses in the United States. The company owns and operates MSG Network and MSG+, which are regional sports and entertainment networks. It also operates MSG GO that provides live streaming and video on demand, as well as a Website and social media platforms for its brands.

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

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