nVerses Capital LLC Makes New $55,000 Investment in AMC Networks Inc. (NASDAQ:AMCX)

nVerses Capital LLC acquired a new stake in shares of AMC Networks Inc. (NASDAQ:AMCX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,300 shares of the company’s stock, valued at approximately $55,000.

A number of other institutional investors have also made changes to their positions in the company. DGS Capital Management LLC purchased a new stake in AMC Networks during the 1st quarter worth $313,000. Allspring Global Investments Holdings LLC increased its position in shares of AMC Networks by 20.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 83,358 shares of the company’s stock worth $1,011,000 after acquiring an additional 14,295 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of AMC Networks by 5.8% in the first quarter. Principal Financial Group Inc. now owns 179,446 shares of the company’s stock worth $2,177,000 after acquiring an additional 9,820 shares in the last quarter. Caprock Group LLC purchased a new position in AMC Networks in the first quarter valued at about $331,000. Finally, BNP Paribas Financial Markets grew its stake in AMC Networks by 81.0% during the 1st quarter. BNP Paribas Financial Markets now owns 15,441 shares of the company’s stock valued at $187,000 after purchasing an additional 6,911 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Trading Down 6.8 %

NASDAQ:AMCX opened at $7.66 on Tuesday. The company has a market cap of $333.68 million, a PE ratio of 2.15 and a beta of 1.28. The business’s 50 day moving average is $8.85 and its two-hundred day moving average is $11.05. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.17. AMC Networks Inc. has a 52 week low of $7.08 and a 52 week high of $20.97.

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

Analyst Upgrades and Downgrades

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

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.