CNH Partners LLC Acquires 121,247 Shares of MSG Networks Inc. (MSGN)

CNH Partners LLC grew its holdings in MSG Networks Inc. (NYSE:MSGN) by 10.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,251,805 shares of the company’s stock after buying an additional 121,247 shares during the period. CNH Partners LLC owned approximately 2.04% of MSG Networks worth $28,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. State Street Corp boosted its stake in shares of MSG Networks by 5.3% during the 2nd quarter. State Street Corp now owns 1,304,687 shares of the company’s stock worth $29,290,000 after purchasing an additional 66,007 shares during the period. HighTower Advisors LLC boosted its stake in shares of MSG Networks by 3.3% during the 2nd quarter. HighTower Advisors LLC now owns 20,039 shares of the company’s stock worth $448,000 after purchasing an additional 648 shares during the period. Bamco Inc. NY boosted its stake in shares of MSG Networks by 12.5% during the 2nd quarter. Bamco Inc. NY now owns 1,125,000 shares of the company’s stock worth $25,256,000 after purchasing an additional 125,000 shares during the period. Voya Investment Management LLC boosted its stake in shares of MSG Networks by 26.9% during the 2nd quarter. Voya Investment Management LLC now owns 27,457 shares of the company’s stock worth $616,000 after purchasing an additional 5,823 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of MSG Networks by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,080,073 shares of the company’s stock worth $46,698,000 after purchasing an additional 127,441 shares during the period. 76.95% of the stock is owned by institutional investors and hedge funds.

MSG Networks Inc. (NYSE MSGN) traded up 0.68% during midday trading on Friday, hitting $22.05. 266,460 shares of the stock traded hands. The company’s 50-day moving average is $20.98 and its 200 day moving average is $22.10. The firm has a market cap of $1.66 billion, a P/E ratio of 9.94 and a beta of 0.76. MSG Networks Inc. has a 12-month low of $18.20 and a 12-month high of $25.30.

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

Several equities research analysts have issued reports on the stock. ValuEngine cut shares of MSG Networks from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub raised shares of MSG Networks from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Jefferies Group LLC reissued a “hold” rating and issued a $22.00 price objective on shares of MSG Networks in a research report on Thursday, September 21st. Loop Capital raised shares of MSG Networks from a “sell” rating to a “hold” rating and set a $19.00 price objective for the company in a research report on Monday, August 7th. Finally, FBN Securities raised shares of MSG Networks from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. MSG Networks currently has an average rating of “Buy” and an average target price of $24.86.

TRADEMARK VIOLATION WARNING: “CNH Partners LLC Acquires 121,247 Shares of MSG Networks Inc. (MSGN)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The

Other large investors have also modified their holdings of the company. State Street Corp boosted its stake in shares of MSG Networks by 5.3% during the 2nd quarter. State Street Corp now owns 1,304,687 shares of the company’s stock worth $29,290,000 after purchasing an additional 66,007 shares during the period. HighTower Advisors LLC boosted its stake in shares of MSG Networks by 3.3% during the 2nd quarter. HighTower Advisors LLC now owns 20,039 shares of the company’s stock worth $448,000 after purchasing an additional 648 shares during the period. Bamco Inc. NY boosted its stake in shares of MSG Networks by 12.5% during the 2nd quarter. Bamco Inc. NY now owns 1,125,000 shares of the company’s stock worth $25,256,000 after purchasing an additional 125,000 shares during the period. Voya Investment Management LLC boosted its stake in shares of MSG Networks by 26.9% during the 2nd quarter. Voya Investment Management LLC now owns 27,457 shares of the company’s stock worth $616,000 after purchasing an additional 5,823 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of MSG Networks by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,080,073 shares of the company’s stock worth $46,698,000 after purchasing an additional 127,441 shares during the period. 76.95% of the stock is owned by institutional investors and hedge funds.

MSG Networks Inc. (NYSE MSGN) traded up 0.68% during midday trading on Friday, hitting $22.05. 266,460 shares of the stock traded hands. The company’s 50-day moving average is $20.98 and its 200 day moving average is $22.10. The firm has a market cap of $1.66 billion, a P/E ratio of 9.94 and a beta of 0.76. MSG Networks Inc. has a 12-month low of $18.20 and a 12-month high of $25.30.

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

Several equities research analysts have issued reports on the stock. ValuEngine cut shares of MSG Networks from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub raised shares of MSG Networks from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Jefferies Group LLC reissued a “hold” rating and issued a $22.00 price objective on shares of MSG Networks in a research report on Thursday, September 21st. Loop Capital raised shares of MSG Networks from a “sell” rating to a “hold” rating and set a $19.00 price objective for the company in a research report on Monday, August 7th. Finally, FBN Securities raised shares of MSG Networks from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. MSG Networks currently has an average rating of “Buy” and an average target price of $24.86.

TRADEMARK VIOLATION WARNING: “CNH Partners LLC Acquires 121,247 Shares of MSG Networks Inc. (MSGN)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/08/cnh-partners-llc-acquires-121247-shares-of-msg-networks-inc-msgn.html.

MSG Networks 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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