AMC Networks Inc. (NASDAQ:AMCX) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its holdings in AMC Networks Inc. (NASDAQ:AMCX) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,725 shares of the company’s stock after buying an additional 2,150 shares during the quarter. Exchange Traded Concepts LLC owned about 0.08% of AMC Networks worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AMCX. Quarry LP raised its stake in shares of AMC Networks by 119.2% during the 2nd quarter. Quarry LP now owns 4,295 shares of the company’s stock valued at $41,000 after buying an additional 2,336 shares during the last quarter. Innealta Capital LLC acquired a new stake in AMC Networks during the second quarter worth about $48,000. EntryPoint Capital LLC acquired a new stake in AMC Networks during the first quarter worth about $60,000. EMC Capital Management raised its position in AMC Networks by 23.8% during the first quarter. EMC Capital Management now owns 7,792 shares of the company’s stock valued at $95,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in AMC Networks by 75.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,986 shares of the company’s stock valued at $106,000 after acquiring an additional 4,735 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on AMCX. Wells Fargo & Company dropped their price objective on shares of AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. StockNews.com cut shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat, AMC Networks has a consensus rating of “Hold” and an average target price of $9.50.

AMC Networks Stock Up 1.9 %

AMC Networks stock opened at $8.22 on Monday. The company has a debt-to-equity ratio of 2.17, a current ratio of 2.13 and a quick ratio of 2.13. The stock has a market capitalization of $358.08 million, a PE ratio of 2.30 and a beta of 1.28. The business has a 50 day simple moving average of $8.88 and a 200-day simple moving average of $11.08. AMC Networks Inc. has a 12 month low of $7.08 and a 12 month high of $20.97.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Friday, August 9th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.28). The company had revenue of $625.90 million during 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%. AMC Networks’s revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.02 EPS. On average, analysts anticipate that AMC Networks Inc. will post 4.86 EPS for the current fiscal year.

About AMC Networks

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.