AMC Networks (NASDAQ:AMCX) Raised to “Buy” at StockNews.com

AMC Networks (NASDAQ:AMCX) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

A number of other research analysts also recently commented on the stock. Seaport Res Ptn upgraded shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company reduced 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 analysts have rated the stock with a sell rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.50.

AMC Networks Stock Down 3.0 %

Shares of AMC Networks stock opened at $8.48 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. AMC Networks has a 1-year low of $7.08 and a 1-year high of $20.97. The business has a 50-day moving average of $8.28 and a 200-day moving average of $10.75. The company has a market capitalization of $373.97 million, a PE ratio of 13.46 and a beta of 1.29.

AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.29. The company had revenue of $599.60 million for the quarter, compared to the consensus estimate of $587.12 million. AMC Networks had a return on equity of 20.47% and a net margin of 2.29%. AMC Networks’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 business earned $1.85 EPS. As a group, equities analysts forecast that AMC Networks will post 4.5 EPS for the current fiscal year.

Institutional Trading of AMC Networks

Several institutional investors have recently added to or reduced their stakes in the business. Quarry LP boosted its holdings in shares of AMC Networks by 119.2% in 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 period. EntryPoint Capital LLC acquired a new stake in shares of AMC Networks during the 1st quarter worth approximately $60,000. Innealta Capital LLC acquired a new stake in shares of AMC Networks during the 2nd quarter worth approximately $48,000. nVerses Capital LLC acquired a new position in AMC Networks during the 3rd quarter valued at approximately $55,000. Finally, EMC Capital Management boosted its position 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 during the period. Institutional investors own 78.51% of the company’s stock.

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.