AMC Networks (NASDAQ:AMCX) Stock Rating Upgraded by Seaport Res Ptn

AMC Networks (NASDAQ:AMCX) was upgraded by equities researchers at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a report released on Tuesday, Zacks.com reports. Seaport Res Ptn also issued estimates for AMC Networks’ Q4 2024 earnings at $1.56 EPS and Q1 2025 earnings at $1.60 EPS.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their price objective on shares of AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. StockNews.com cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.50.

AMC Networks Price Performance

Shares of AMC Networks stock opened at $7.92 on Tuesday. AMC Networks has a 52-week low of $7.08 and a 52-week high of $20.97. The stock has a market capitalization of $345.01 million, a price-to-earnings ratio of 2.22 and a beta of 1.28. The company has a fifty day moving average of $8.78 and a 200-day moving average of $11.00. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.13 and a current ratio of 2.13.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Friday, August 9th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.28). AMC Networks had a net margin of 2.29% and a return on equity of 20.47%. The business had revenue of $625.90 million during the quarter, compared to analysts’ expectations of $601.41 million. During the same period last year, the company posted $2.02 EPS. AMC Networks’s revenue for the quarter was down 7.8% on a year-over-year basis. Equities research analysts expect that AMC Networks will post 4.86 EPS for the current year.

Institutional Investors Weigh In On AMC Networks

Institutional investors have recently added to or reduced their stakes in the company. DGS Capital Management LLC bought a new stake in shares of AMC Networks during the 1st quarter valued at about $313,000. Allspring Global Investments Holdings LLC increased its position in shares of AMC Networks by 20.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 83,358 shares of the company’s stock valued at $1,011,000 after buying an additional 14,295 shares during the period. Principal Financial Group Inc. raised its position in shares of AMC Networks by 5.8% in the 1st quarter. Principal Financial Group Inc. now owns 179,446 shares of the company’s stock worth $2,177,000 after acquiring an additional 9,820 shares in the last quarter. Caprock Group LLC bought a new position in shares of AMC Networks in the 1st quarter worth approximately $331,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of AMC Networks by 81.0% in the 1st quarter. BNP Paribas Financial Markets now owns 15,441 shares of the company’s stock valued at $187,000 after purchasing an additional 6,911 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

About AMC Networks

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.