MSG Networks Inc. (MSGN) Stock Rating Reaffirmed by Jefferies Group LLC

18 Août, 2017, 06:03 | Author: Marc Bacque

News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSG Networks Inc. with MarketBeat.com's FREE daily email newsletter. (NYSE:MSGN) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC.

Several large investors have recently bought and sold shares of MSGN. LBA's holdings in MSG Networks were worth $201,000 as of its most recent SEC filing. BlackRock Inc. increased its stake in shares of MSG Networks by 33,563.0% in the first quarter. BlackRock Inc. now owns 3,898,845 shares of the company's stock valued at $91,038,000 after buying an additional 3,887,263 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of MSG Networks by 827.6% in the first quarter. 678,761 shares of the stock were exchanged. Fairbanks Capital Management Inc. boosted its stake in MSG Networks by 7.5% in the first quarter. Dubuque Bank & Trust Co. acquired a new position in MSG Networks during the first quarter worth approximately $180,000. Bank of America Corp DE now owns 990,055 shares of the company's stock valued at $23,118,000 after buying an additional 849,778 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock. The company's quarterly revenue was up 1.5% on a year-over-year basis.

For the year, the company reported profit of $167.3 million, or $2.21 per share. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 8.68 and a beta of 0.78. MSG Networks has a 1-year low of $15.60 and a 1-year high of $25.30.

Media coverage of Charlottesville violence ignores Antifa's involvement
One alleged white nationalist is charged with murder after ramming his auto into a crowd, killing local resident Heather Heyer . One of his top aides, Steve Bannon, once ran Breitbart News, and once described the website as a "platform for the alt-right".


Someone tarred and feathered a Jefferson Davis memorial in Arizona
Popular Video This young teenage singer was shocked when Keith Urban invited her on stage at his concert. So she headed to the Arizona Capitol where the Confederate memorial stands and got her hands dirty.


PHH Investments Ltd. Reduces Position in Public Storage
On average, equities research analysts anticipate that Public Storage will post $7.09 earnings per share for the current year. The business had revenue of $624.20 million during the quarter, compared to the consensus estimate of $626.27 million.


MSG Networks (NYSE MSGN) traded up 0.73% during midday trading on Friday, hitting $20.70. The firm had revenue of $162.90 million for the quarter, compared to the consensus estimate of $161.91 million. MSG Networks had a net margin of 26.21% and a negative return on equity of 16.20%. During the same quarter in the previous year, the company posted $0.57 EPS. MSG Networks's quarterly revenue was up 1.5% compared to the same quarter past year. On average, equities research analysts predict that MSG Networks will post $2.20 EPS for the current year.

ILLEGAL ACTIVITY WARNING: "Sentinel Trust Co". Finally, TD Asset Management Inc. boosted its stake in MSG Networks by 7.9% in the first quarter. If you are reading this story on another website, it was illegally copied and reposted in violation of global trademark and copyright laws. Zacks Investment Research cut MSG Networks from a "hold" rating to a "sell" rating in a research note on Wednesday, April 19th. Finally, Loop Capital raised shares of MSG Networks from a "sell" rating to a "hold" rating and set a $19.00 target price for the company in a research note on Monday, August 7th. Evercore ISI restated an outperform rating on shares of MSG Networks in a report on Monday, April 10th. Jefferies Group LLC raised their target price on shares of MSG Networks from $20.00 to $22.00 and gave the company a "hold" rating in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company's stock. Topeka Capital Markets maintained the stock with "Hold" rating in Friday, February 5 report.

MSG Networks Inc., formerly The Madison Square Garden Company, is engaged in sports production, and content development and distribution. The Firm owns and operates two regional sports and entertainment networks, MSG Network and MSG+, collectively MSG Networks. The Company's networks are distributed throughout its territory, which includes all of New York State and significant portions of New Jersey and CT, as well as parts of Pennsylvania.

Conseillé:



Populaire

Retailer Argos failed to pay £1.4m of NMW
Argos, which was bought by Sainsbury's a year ago , had failed to pay £1.5 million to 12,176 workers, the government said. The BEIS handed out a record £1.9m in fines this year, with a total of £4m worth in fines since 2013.

Arena Pharmaceuticals, Inc. (ARNA) Expected to Announce Earnings of -$0.69 Per Share
Finally, Nationwide Fund Advisors boosted its stake in shares of Arena Pharmaceuticals by 4.8% in the first quarter. In terms of moving averages, the 200-day is now at 15.68, the 50-day is 19.54, and the 7-day is resting at 21.38.

'Shell-shocked' Charlie celebrates awesome A-level grades at Ratcliffe College
It has been a busy morning and we are pleased to see our students achieving their expected places at a wide range of Universities. Ross' delight was shared by his mother Jennie, who said: "I was certain he would do well, but I was still very anxious".

Is China Unicom Hong Kong Ltd (CHU)'s Triple EMA Building Momentum?
The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. After a recent check, ABB Ltd's 14-day RSI is now at 33.59, the 7-day stands at 36.19, and the 3-day is sitting at 40.11.

Trump defends Confederate statues
The governor would not have the authority to act on the removal and relocation on his own. This change has been proposed before, but was rejected in a 2001 vote.

No more war, urges South Korea president
President Donald Trump to direct U.S. trade representative Robert Lighthizer to examine China's intellectual property practices. Tensions had escalated rapidly after land mines maimed two South Korean soldiers along the Demilitarized Zone.

More CEOs Quit Trump's Council Over Charlottesville
Krzanich put it this way: "There should be no hesitation in condemning hate speech or white supremacy by name". Privately, many chief executives say they are fuming, outraged by the president.

These business leaders have resigned from President Trump's special council
The GE CEO cited Trump's remarks on Tuesday about the deadly violence in Charlottesville as his reason for leaving the committee. In the morning, Trump tweeted that Frazier's response would give him "more time to lower ripoff drug prices".

White Nationalist Group Threatens to Sue UF Over Rally Cancellation
We are reviewing the request closely in light of the deplorable violence in Charlottesville, Va., last weekend. The university says diversity is a source of strength at the East Lansing, Michigan, campus.

Encouraging entrepreneurship: PM Modi meets over 200 young entrepreneurs
On Kashmir, Azad said while the country has seen the prime minister embracing everyone across the world, no one has ever seen him embracing Kashmiris.