AMC Networks Inc. (NASDAQ:AMCX) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in AMC Networks Inc. (NASDAQ:AMCX) by 73.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 374,214 shares of the company’s stock after purchasing an additional 158,162 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.85% of AMC Networks worth $3,252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AMCX. Marshall Wace LLP acquired a new position in shares of AMC Networks during the 2nd quarter valued at about $4,456,000. Dimensional Fund Advisors LP grew its holdings in AMC Networks by 18.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,625,630 shares of the company’s stock valued at $15,703,000 after purchasing an additional 250,738 shares during the period. Dana Investment Advisors Inc. increased its position in AMC Networks by 40.8% during the second quarter. Dana Investment Advisors Inc. now owns 534,543 shares of the company’s stock worth $5,164,000 after purchasing an additional 154,927 shares during the last quarter. AQR Capital Management LLC raised its stake in AMC Networks by 72.9% during the second quarter. AQR Capital Management LLC now owns 313,605 shares of the company’s stock worth $3,029,000 after purchasing an additional 132,207 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of AMC Networks by 134.0% in the 3rd quarter. Royce & Associates LP now owns 145,788 shares of the company’s stock valued at $1,267,000 after purchasing an additional 83,476 shares during the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

AMC Networks Stock Down 2.0 %

NASDAQ AMCX opened at $8.89 on Monday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 2.03. AMC Networks Inc. has a fifty-two week low of $7.08 and a fifty-two week high of $19.39. The business has a 50 day moving average price of $9.38 and a two-hundred day moving average price of $9.26. The stock has a market cap of $392.23 million, a PE ratio of 14.11 and a beta of 1.32.

AMC Networks (NASDAQ:AMCX) last announced its 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 return on equity of 17.41% and a net margin of 1.45%. 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 company earned $1.85 earnings per share. As a group, sell-side analysts predict that AMC Networks Inc. will post 4.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMCX. StockNews.com upgraded AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Morgan Stanley dropped 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 raised shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.50.

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.