AMC Networks Inc. (NASDAQ:AMCX) Given Consensus Rating of “Hold” by Brokerages

AMC Networks Inc. (NASDAQ:AMCX) has been assigned an average rating of “Hold” from the three research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $8.50.

A number of research firms have recently issued reports on AMCX. Morgan Stanley cut their price target on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, November 12th. Seaport Res Ptn raised AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company decreased their price target on shares of AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, August 12th.

Institutional Trading of AMC Networks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP lifted its stake in AMC Networks by 134.0% in the 3rd quarter. Royce & Associates LP now owns 145,788 shares of the company’s stock valued at $1,267,000 after acquiring an additional 83,476 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of AMC Networks by 361.2% in the second quarter. WINTON GROUP Ltd now owns 93,486 shares of the company’s stock worth $903,000 after purchasing an additional 73,216 shares in the last quarter. Koss Olinger Consulting LLC acquired a new position in AMC Networks during the second quarter worth $1,569,000. Swiss National Bank increased its stake in AMC Networks by 6.1% in the 1st quarter. Swiss National Bank now owns 57,000 shares of the company’s stock valued at $691,000 after buying an additional 3,300 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in AMC Networks by 194.0% during the 2nd quarter. Squarepoint Ops LLC now owns 124,174 shares of the company’s stock worth $1,200,000 after buying an additional 81,937 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Price Performance

AMCX stock opened at $9.57 on Thursday. AMC Networks has a 1 year low of $7.08 and a 1 year high of $20.97. The firm has a market cap of $422.24 million, a P/E ratio of 15.19 and a beta of 1.29. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a 50-day simple moving average of $8.36 and a 200-day simple moving average of $10.67.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Friday, November 8th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.62 by $0.29. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The company had revenue of $599.60 million during the quarter, compared to analyst estimates of $587.12 million. During the same period in the prior year, the company earned $1.85 earnings per share. The business’s revenue was down 5.9% compared to the same quarter last year. On average, equities analysts predict that AMC Networks will post 4.2 earnings per share for the current fiscal year.

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.