Harbor Capital Advisors Inc. Has $202,000 Stock Position in AMC Networks Inc. (NASDAQ:AMCX)

Harbor Capital Advisors Inc. reduced its position in AMC Networks Inc. (NASDAQ:AMCX) by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,452 shares of the company’s stock after selling 4,362 shares during the period. Harbor Capital Advisors Inc.’s holdings in AMC Networks were worth $202,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Exchange Traded Concepts LLC raised its stake in AMC Networks by 6.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company’s stock valued at $302,000 after purchasing an additional 2,150 shares during the period. DGS Capital Management LLC raised its position in AMC Networks by 9.9% during the third quarter. DGS Capital Management LLC now owns 24,148 shares of the company’s stock valued at $210,000 after buying an additional 2,180 shares during the period. Quarry LP lifted its stake in AMC Networks by 119.2% in the 2nd quarter. Quarry LP now owns 4,295 shares of the company’s stock worth $41,000 after acquiring an additional 2,336 shares in the last quarter. Entropy Technologies LP boosted its position in 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 acquiring an additional 2,800 shares during the period. Finally, Segall Bryant & Hamill LLC grew its stake in AMC Networks by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 176,830 shares of the company’s stock valued at $1,537,000 after acquiring an additional 3,669 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

AMC Networks Trading Up 5.7 %

Shares of NASDAQ AMCX opened at $8.93 on Wednesday. The business has a 50 day simple moving average of $9.34 and a 200 day simple moving average of $9.27. AMC Networks Inc. has a 52 week low of $7.08 and a 52 week high of $19.39. The stock has a market cap of $394.00 million, a price-to-earnings ratio of 14.17 and a beta of 1.32. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.32 and a current ratio of 2.32.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Friday, November 8th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.62 by $0.29. The company had revenue of $599.60 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 earnings per share. On average, research analysts predict that AMC Networks Inc. will post 4.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Morgan Stanley reduced their price target 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. StockNews.com upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. 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 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, the company currently has a consensus rating of “Hold” and an average price target of $8.50.

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.