Arconic (ARNC) Reaches $23.32 After 8.00% Up Move; Shorts at Msg Networks (MSGN) Raised By 4.64%

November 15, 2017 - By Clifton Ray

The stock of Arconic Inc (NYSE:ARNC) is a huge mover today! About 740,000 shares traded. Arconic Inc (NYSE:ARNC) has risen 34.47% since November 15, 2016 and is uptrending. It has outperformed by 17.77% the S&P500.The move comes after 7 months positive chart setup for the $11.22B company. It was reported on Nov, 15 by Barchart.com. We have $25.19 PT which if reached, will make NYSE:ARNC worth $897.60 million more.

Msg Networks Incorporated (NYSE:MSGN) had an increase of 4.64% in short interest. MSGN’s SI was 8.55 million shares in November as released by FINRA. Its up 4.64% from 8.17M shares previously. With 555,200 avg volume, 15 days are for Msg Networks Incorporated (NYSE:MSGN)’s short sellers to cover MSGN’s short positions. The SI to Msg Networks Incorporated’s float is 14.2%. It is 0.00% or $0 reaching $16.42 per share. It is down 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

Among 13 analysts covering The Madison Square Garden Company (NYSE:MSGN), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. The Madison Square Garden Company had 16 analyst reports since September 30, 2015 according to SRatingsIntel. The stock of MSG Networks Inc (NYSE:MSGN) has “Hold” rating given on Monday, August 7 by Loop Capital. The stock of MSG Networks Inc (NYSE:MSGN) has “Sell” rating given on Friday, December 16 by Loop Capital. The stock of MSG Networks Inc (NYSE:MSGN) has “Hold” rating given on Friday, February 5 by Topeka Capital Markets. The company was initiated on Friday, October 2 by BTIG Research. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, October 22 report. The stock has “Market Perform” rating by Albert Fried on Friday, April 29. The rating was initiated by Topeka Capital Markets on Friday, October 30 with “Hold”. FBN Securities initiated it with “Sector Perform” rating and $19.69 target in Thursday, May 12 report. The firm has “Neutral” rating by Macquarie Research given on Wednesday, April 5. The firm earned “Buy” rating on Friday, December 9 by Guggenheim.

MSG Networks Inc., formerly The Madison Square Garden Company, is engaged in sports production, and content development and distribution. The company has market cap of $1.24 billion. The Firm owns and operates two regional sports and entertainment networks, MSG Network and MSG+, collectively MSG Networks. It has a 7.38 P/E ratio. The Company’s 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.

Analysts await Arconic Inc (NYSE:ARNC) to report earnings on January, 30. They expect $0.25 EPS, up 108.33% or $0.13 from last year’s $0.12 per share. ARNC’s profit will be $120.28 million for 23.32 P/E if the $0.25 EPS becomes a reality. After $0.25 actual EPS reported by Arconic Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 4 analysts covering Arconic (NYSE:ARNC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Arconic had 5 analyst reports since December 8, 2016 according to SRatingsIntel. Seaport Global upgraded Arconic Inc (NYSE:ARNC) on Thursday, July 13 to “Buy” rating. Argus Research upgraded it to “Buy” rating and $25 target in Thursday, December 8 report. As per Friday, March 31, the company rating was initiated by Longbow. As per Monday, June 26, the company rating was maintained by Cowen & Co. As per Thursday, March 30, the company rating was maintained by Cowen & Co.

Arconic Inc., formerly Alcoa Inc., is engaged in lightweight metals engineering and manufacturing. The company has market cap of $11.22 billion. The Firm operates through three divisions: Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. It currently has negative earnings. The Company’s multi-material products, which include aluminum, titanium and nickel, are used around the world in markets, such as aerospace, automotive, commercial transportation and packaging.

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