Empowered Funds LLC Has $1.83 Million Holdings in AMC Networks Inc. (NASDAQ:AMCX)

Empowered Funds LLC raised its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,535 shares of the company’s stock after buying an additional 9,035 shares during the quarter. Empowered Funds LLC owned about 0.42% of AMC Networks worth $1,827,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AMCX. nVerses Capital LLC acquired a new position in shares of AMC Networks in the third quarter valued at $55,000. R Squared Ltd acquired a new position in shares of AMC Networks in the fourth quarter valued at $59,000. Quantinno Capital Management LP acquired a new position in shares of AMC Networks in the third quarter valued at $88,000. FORA Capital LLC acquired a new position in shares of AMC Networks in the third quarter valued at $89,000. Finally, MML Investors Services LLC acquired a new position in shares of AMC Networks in the third quarter valued at $91,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Stock Performance

Shares of NASDAQ:AMCX opened at $8.79 on Friday. The business’s fifty day moving average price is $9.50 and its two-hundred day moving average price is $9.17. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a market capitalization of $387.81 million, a price-to-earnings ratio of 13.95 and a beta of 1.31. AMC Networks Inc. has a fifty-two week low of $7.08 and a fifty-two week high of $18.58.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, February 14th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.41). The business had revenue of $599.30 million for the quarter, compared to the consensus estimate of $611.26 million. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. AMC Networks’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 EPS. As a group, analysts predict that AMC Networks Inc. will post 4.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com upgraded AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley lowered their price target on AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th.

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.