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

Shares of AMC Networks Inc. (NASDAQ:AMCX) have received a consensus rating of “Hold” from the three brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $8.50.

AMCX has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th. Seaport Res Ptn raised AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Exchange Traded Concepts LLC raised its stake in shares of AMC Networks by 6.6% in the third quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company’s stock valued at $302,000 after acquiring an additional 2,150 shares during the period. DGS Capital Management LLC grew its position in shares of AMC Networks by 9.9% during the 3rd quarter. DGS Capital Management LLC now owns 24,148 shares of the company’s stock worth $210,000 after buying an additional 2,180 shares in the last quarter. Quarry LP raised its holdings in shares of AMC Networks by 119.2% in the second quarter. Quarry LP now owns 4,295 shares of the company’s stock valued at $41,000 after acquiring an additional 2,336 shares in the last quarter. Entropy Technologies LP lifted its stake in AMC Networks by 24.2% in the third quarter. Entropy Technologies LP now owns 14,381 shares of the company’s stock worth $125,000 after acquiring an additional 2,800 shares during the period. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of AMC Networks by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 176,830 shares of the company’s stock valued at $1,537,000 after purchasing an additional 3,669 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors.

AMC Networks Price Performance

Shares of AMC Networks stock opened at $9.15 on Friday. 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 has a one year low of $7.08 and a one year high of $19.44. The business’s 50 day simple moving average is $9.32 and its two-hundred day simple moving average is $9.29. The stock has a market capitalization of $403.71 million, a P/E ratio of 14.52 and a beta of 1.32.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.29. The business 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 was down 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 EPS. Analysts forecast that AMC Networks will post 4.09 EPS for the current year.

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.