Thrivent Financial for Lutherans Sells 25,677 Shares of AMC Networks Inc. (NASDAQ:AMCX)

Thrivent Financial for Lutherans cut its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 16.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,766 shares of the company’s stock after selling 25,677 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.29% of AMC Networks worth $1,111,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMCX. Price T Rowe Associates Inc. MD boosted its position in shares of AMC Networks by 3.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,811 shares of the company’s stock valued at $520,000 after purchasing an additional 1,434 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of AMC Networks by 6.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company’s stock worth $302,000 after buying an additional 2,150 shares in the last quarter. Quarry LP boosted its holdings 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 buying an additional 2,336 shares in the last quarter. Entropy Technologies LP grew its position in shares of AMC Networks by 24.2% during the 3rd quarter. Entropy Technologies LP now owns 14,381 shares of the company’s stock worth $125,000 after buying an additional 2,800 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its stake in shares of AMC Networks by 10.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 35,841 shares of the company’s stock valued at $346,000 after acquiring an additional 3,322 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Analysts Set New Price Targets

AMCX has been the topic of several research analyst reports. StockNews.com raised shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Seaport Res Ptn raised shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley decreased their target price on AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company dropped their price target on AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, AMC Networks has a consensus rating of “Hold” and a consensus price target of $8.50.

AMC Networks Stock Performance

AMCX opened at $9.42 on Monday. AMC Networks Inc. has a 1-year low of $7.08 and a 1-year high of $20.97. The company has a market cap of $415.61 million, a price-to-earnings ratio of 14.95 and a beta of 1.29. The company’s fifty day moving average price is $8.47 and its two-hundred day moving average price is $10.46. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 2.03.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Friday, November 8th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.29. The company had revenue of $599.60 million for the quarter, compared to analyst estimates of $587.12 million. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 EPS. On average, analysts expect that AMC Networks Inc. will post 4.09 EPS 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.