KeyCorp reiterated a "hold" rating on shares of MSG Networks in a report on Tuesday, October 17th. Hays Advisory LLC owned approximately 0.14% of MSG Networks worth $2,167,000 at the end of the most recent reporting period. Dynamic Technology Lab Private Ltd now owns 13,968 shares of the company's stock valued at $314,000 after acquiring an additional 3,758 shares during the period. On Wednesday, October 11 the stock rating was upgraded by Loop Capital Markets to "Buy". MSG Networks earned a media sentiment score of -0.06 on Accern's scale. Principal Financial Group Inc. now owns 37,767 shares of the company's stock valued at $848,000 after purchasing an additional 22,863 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in MSG Networks by 25.6% in the third quarter.
MSG Networks declared that its board has initiated a share buyback program on Friday, December 8th that permits the company to buyback $150.00 million in shares. Finally, Neuberger Berman Group LLC lifted its holdings in shares of MSG Networks by 51.0% in the third quarter. Institutional investors own 80.35% of the company's stock.
MSGN has been the subject of several analyst reports.
Guggenheim restated their buy rating on shares of MSG Networks (NYSE:MSGN) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. 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 report on Wednesday, October 11th. Bank of America reinitiated the stock with "Buy" rating in Tuesday, January 31 report. ValuEngine cut MSG Networks from a "buy" rating to a "hold" rating in a report on Sunday, December 31st. The firm now has an underweight rating on the stock. The firm now has a buy rating on the stock. $23's average target is -11.20% below currents $25.9 stock price.
COPYRIGHT VIOLATION NOTICE: "MSG Networks (MSGN) Stock Price Up 1.4% Following Strong Earnings" was first published by The Lincolnian Online and is owned by of The Lincolnian Online. 960,376 shares of the company were exchanged, compared to its average volume of 592,448. The stock has a market capitalization of $1,918.47, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 256.40 and a beta of 0.77. MSG Networks has a one year low of $16.15 and a one year high of $26.04.
The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of -1.35. The company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.54 by $0.11. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 earnings per share. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued. If you are accessing this news story on another domain, it was stolen and republished in violation of United States and global trademark & copyright law. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of global trademark and copyright legislation.
MSG Networks Inc, formerly The Madison Square Garden Company, is engaged in sports production, and content development and distribution. The firm owns and operates MSG Network and MSG+, which are regional sports and entertainment networks.