Nissay Asset Management Corp Japan ADV increased its holdings in shares of MSG Networks Inc (NYSE:MSGN) by 10.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,909 shares of the company’s stock after purchasing an additional 7,785 shares during the period. Nissay Asset Management Corp Japan ADV owned 0.11% of MSG Networks worth $1,953,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Amalgamated Bank acquired a new stake in shares of MSG Networks in the 3rd quarter worth $208,000. Meeder Asset Management Inc. lifted its stake in shares of MSG Networks by 446.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 8,952 shares of the company’s stock worth $231,000 after acquiring an additional 7,314 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of MSG Networks in the 3rd quarter worth $237,000. Verition Fund Management LLC acquired a new stake in shares of MSG Networks in the 3rd quarter worth $262,000. Finally, Brown Advisory Inc. lifted its stake in shares of MSG Networks by 35.2% in the 3rd quarter. Brown Advisory Inc. now owns 14,007 shares of the company’s stock worth $361,000 after acquiring an additional 3,649 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.
NYSE:MSGN opened at $23.70 on Friday. MSG Networks Inc has a twelve month low of $17.95 and a twelve month high of $28.13. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 0.82 and a beta of 0.74.
A number of equities analysts have recently issued reports on MSGN shares. Guggenheim downgraded shares of MSG Networks from a “buy” rating to a “neutral” rating in a report on Monday, January 7th. ValuEngine downgraded shares of MSG Networks from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 30th. Finally, Zacks Investment Research upgraded shares of MSG Networks from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, January 22nd. Two 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 stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.00.
TRADEMARK VIOLATION WARNING: This report was reported by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.themarketsdaily.com/2019/02/22/nissay-asset-management-corp-japan-adv-acquires-7785-shares-of-msg-networks-inc-msgn.html.
MSG Networks 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.
Recommended Story: Correction
Want to see what other hedge funds are holding MSGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSG Networks Inc (NYSE:MSGN).
Receive News & Ratings for MSG Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSG Networks and related companies with MarketBeat.com's FREE daily email newsletter.