Dana Investment Advisors Inc. Has $5.16 Million Stock Position in AMC Networks Inc. (NASDAQ:AMCX)

Dana Investment Advisors Inc. lifted its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 40.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 534,543 shares of the company’s stock after purchasing an additional 154,927 shares during the quarter. Dana Investment Advisors Inc. owned about 1.23% of AMC Networks worth $5,164,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AMCX. Quarry LP boosted its holdings in AMC Networks by 119.2% in the second 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. Innealta Capital LLC bought a new position in shares of AMC Networks in the 2nd quarter worth $48,000. EntryPoint Capital LLC acquired a new stake in AMC Networks in the 1st quarter valued at $60,000. EMC Capital Management increased its stake in AMC Networks by 23.8% during the 1st quarter. EMC Capital Management now owns 7,792 shares of the company’s stock valued at $95,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in AMC Networks by 75.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,986 shares of the company’s stock valued at $106,000 after purchasing an additional 4,735 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Price Performance

Shares of NASDAQ:AMCX opened at $8.53 on Wednesday. AMC Networks Inc. has a 1-year low of $7.08 and a 1-year high of $20.97. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.17. The stock has a market cap of $371.58 million, a PE ratio of 2.39 and a beta of 1.29. The stock’s fifty day simple moving average is $9.54 and its two-hundred day simple moving average is $11.48.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results on Friday, August 9th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.28). The firm had revenue of $625.90 million for the quarter, compared to analysts’ expectations of $601.41 million. AMC Networks had a return on equity of 20.47% and a net margin of 2.29%. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.02 earnings per share. As a group, analysts forecast that AMC Networks Inc. will post 4.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com cut shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Wells Fargo & Company dropped their price target on shares of AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.00.

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.