Squarepoint Ops LLC Boosts Stock Holdings in AMC Networks Inc. (NASDAQ:AMCX)

Squarepoint Ops LLC increased its position in shares of AMC Networks Inc. (NASDAQ:AMCX) by 194.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,174 shares of the company’s stock after buying an additional 81,937 shares during the period. Squarepoint Ops LLC owned 0.29% of AMC Networks worth $1,200,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of AMC Networks by 18.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,625,630 shares of the company’s stock worth $15,703,000 after acquiring an additional 250,738 shares in the last quarter. Schroder Investment Management Group raised its holdings in AMC Networks by 2.0% in the 4th quarter. Schroder Investment Management Group now owns 1,010,729 shares of the company’s stock worth $18,992,000 after purchasing an additional 19,794 shares during the period. American Century Companies Inc. boosted its position in AMC Networks by 6.8% during the second quarter. American Century Companies Inc. now owns 707,708 shares of the company’s stock worth $6,836,000 after purchasing an additional 45,266 shares in the last quarter. Marshall Wace LLP acquired a new stake in AMC Networks in the second quarter valued at approximately $4,456,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of AMC Networks by 234.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 278,802 shares of the company’s stock valued at $2,693,000 after buying an additional 195,444 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analysts Set New Price Targets

AMCX has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. StockNews.com downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.00.

AMC Networks Stock Performance

Shares of NASDAQ:AMCX opened at $8.33 on Friday. The company has a debt-to-equity ratio of 2.17, a current ratio of 2.13 and a quick ratio of 2.13. AMC Networks Inc. has a 1 year low of $7.08 and a 1 year high of $20.97. The firm has a market capitalization of $362.87 million, a PE ratio of 2.33 and a beta of 1.28. The business’s 50 day moving average price is $9.37 and its 200-day moving average price is $11.37.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, August 9th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.28). The business had revenue of $625.90 million for the quarter, compared to analyst estimates of $601.41 million. AMC Networks had a return on equity of 20.47% and a net margin of 2.29%. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period last year, the firm earned $2.02 EPS. As a group, equities research analysts expect that AMC Networks Inc. will post 4.86 earnings per share for the current fiscal year.

AMC Networks Profile

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.