AMC Networks Inc. (NASDAQ:AMCX) Given Consensus Rating of “Hold” by Analysts

AMC Networks Inc. (NASDAQ:AMCX) has been assigned an average recommendation of “Hold” from the three ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $9.50.

Several equities research analysts recently issued reports on AMCX shares. Seaport Res Ptn raised AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. StockNews.com lowered shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Finally, Wells Fargo & Company decreased their price target on shares of AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, August 12th.

AMC Networks Stock Performance

Shares of AMCX opened at $8.09 on Friday. The company has a 50-day moving average of $8.72 and a two-hundred day moving average of $10.95. The stock has a market cap of $352.42 million, a price-to-earnings ratio of 2.27 and a beta of 1.28. 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 has a one year low of $7.08 and a one year high of $20.97.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Quarry LP increased its stake in shares of AMC Networks by 119.2% during the 2nd quarter. Quarry LP now owns 4,295 shares of the company’s stock worth $41,000 after purchasing an additional 2,336 shares during the last quarter. Innealta Capital LLC acquired a new position in AMC Networks during the second quarter worth $48,000. nVerses Capital LLC bought a new position in AMC Networks during the third quarter valued at about $55,000. EntryPoint Capital LLC acquired a new stake in shares of AMC Networks in the first quarter worth about $60,000. Finally, EMC Capital Management boosted its stake in shares of AMC Networks by 23.8% during the 1st quarter. EMC Capital Management now owns 7,792 shares of the company’s stock worth $95,000 after acquiring an additional 1,500 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Company 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.