10,464 Shares in AMC Networks Inc. (NASDAQ:AMCX) Acquired by MML Investors Services LLC

MML Investors Services LLC bought a new stake in shares of AMC Networks Inc. (NASDAQ:AMCX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,464 shares of the company’s stock, valued at approximately $91,000.

Several other large investors also recently added to or reduced their stakes in AMCX. XTX Topco Ltd boosted its position in shares of AMC Networks by 333.5% in the third quarter. XTX Topco Ltd now owns 48,093 shares of the company’s stock worth $418,000 after buying an additional 36,999 shares during the period. Quantinno Capital Management LP purchased a new stake in AMC Networks in the 3rd quarter worth about $88,000. Quarry LP boosted its position in AMC Networks by 325.2% during the 3rd quarter. Quarry LP now owns 18,262 shares of the company’s stock worth $159,000 after acquiring an additional 13,967 shares during the period. Readystate Asset Management LP purchased a new position in AMC Networks during the 3rd quarter valued at about $711,000. Finally, Point72 DIFC Ltd purchased a new position in AMC Networks during the 3rd quarter valued at about $235,000. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Stock Down 1.4 %

Shares of AMC Networks stock opened at $9.42 on Friday. The firm has a market cap of $415.62 million, a price-to-earnings ratio of 14.95 and a beta of 1.34. The stock has a 50-day simple moving average of $9.01 and a 200-day simple moving average of $9.54. AMC Networks Inc. has a 52-week low of $7.08 and a 52-week high of $19.55. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.32 and a quick ratio of 2.32.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.29. The firm 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 company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 earnings per share. On average, equities research analysts expect that AMC Networks Inc. will post 4.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMCX. StockNews.com raised shares of AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Morgan Stanley cut their target price on shares of 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, Seaport Res Ptn upgraded shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.50.

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.