MetLife Investment Advisors LLC Invests $597,000 in MSG Networks, Inc. (MSGN) Stock

MetLife Investment Advisors LLC purchased a new stake in shares of MSG Networks, Inc. (NYSE:MSGN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,478 shares of the company’s stock, valued at approximately $597,000.

A number of other hedge funds have also recently made changes to their positions in MSGN. Ariel Investments LLC raised its stake in shares of MSG Networks by 17.5% in the fourth quarter. Ariel Investments LLC now owns 8,981,457 shares of the company’s stock worth $181,875,000 after acquiring an additional 1,339,171 shares during the last quarter. London Co. of Virginia raised its stake in shares of MSG Networks by 148.2% in the fourth quarter. London Co. of Virginia now owns 1,651,551 shares of the company’s stock worth $33,444,000 after acquiring an additional 986,234 shares during the last quarter. Systematic Financial Management LP raised its stake in shares of MSG Networks by 692.1% in the fourth quarter. Systematic Financial Management LP now owns 971,893 shares of the company’s stock worth $19,681,000 after acquiring an additional 849,193 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of MSG Networks by 51.0% in the third quarter. Neuberger Berman Group LLC now owns 1,536,767 shares of the company’s stock worth $32,579,000 after acquiring an additional 518,782 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake in shares of MSG Networks by 49.9% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 1,009,314 shares of the company’s stock worth $20,438,000 after acquiring an additional 335,866 shares during the last quarter. 83.23% of the stock is owned by hedge funds and other institutional investors.

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Shares of NYSE:MSGN opened at $22.75 on Thursday. MSG Networks, Inc. has a one year low of $16.15 and a one year high of $26.30. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of -1.62. The company has a market cap of $1,708.95, a PE ratio of 10.25, a price-to-earnings-growth ratio of 1.48 and a beta of 0.76.

MSG Networks (NYSE:MSGN) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.54 by $0.11. MSG Networks had a net margin of 40.97% and a negative return on equity of 19.52%. The company had revenue of $181.20 million during the quarter, compared to analysts’ expectations of $179.73 million. During the same quarter in the previous year, the company earned $0.57 EPS. MSG Networks’s revenue was up 3.2% on a year-over-year basis. equities research analysts forecast that MSG Networks, Inc. will post 2.4 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on MSGN shares. Zacks Investment Research downgraded shares of MSG Networks from a “buy” rating to a “hold” rating in a research note on Thursday, April 5th. ValuEngine downgraded shares of MSG Networks from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Morgan Stanley boosted their target price on shares of MSG Networks from $20.00 to $23.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 31st. Guggenheim boosted their target price on shares of MSG Networks from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Bank of America boosted their target price on shares of MSG Networks from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $24.83.

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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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