Atria Investments Inc Invests $141,000 in AMC Networks Inc. (NASDAQ:AMCX)

Atria Investments Inc purchased a new stake in AMC Networks Inc. (NASDAQ:AMCX) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 16,219 shares of the company’s stock, valued at approximately $141,000.

Several other large investors have also recently added to or reduced their stakes in AMCX. Marshall Wace LLP acquired a new stake in AMC Networks in the 2nd quarter valued at $4,456,000. Dimensional Fund Advisors LP increased its holdings in AMC Networks by 18.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,625,630 shares of the company’s stock valued at $15,703,000 after purchasing an additional 250,738 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in AMC Networks by 234.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 278,802 shares of the company’s stock valued at $2,693,000 after purchasing an additional 195,444 shares in the last quarter. Koss Olinger Consulting LLC acquired a new stake in AMC Networks in the 2nd quarter valued at $1,569,000. Finally, Dana Investment Advisors Inc. increased its holdings in AMC Networks by 40.8% in the 2nd quarter. Dana Investment Advisors Inc. now owns 534,543 shares of the company’s stock valued at $5,164,000 after purchasing an additional 154,927 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Stock Performance

Shares of AMCX stock opened at $9.41 on Monday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.32 and a current ratio of 2.32. AMC Networks Inc. has a one year low of $7.08 and a one year high of $20.97. The company’s 50-day simple moving average is $8.41 and its 200-day simple moving average is $10.61. The stock has a market capitalization of $415.18 million, a price-to-earnings ratio of 14.94 and a beta of 1.29.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.62 by $0.29. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The business had revenue of $599.60 million for the quarter, compared to analysts’ expectations of $587.12 million. During the same quarter last year, the company posted $1.85 earnings per share. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. Equities analysts anticipate that AMC Networks Inc. will post 4.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company lowered their target price on AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Morgan Stanley lowered their target price on AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, November 12th. Finally, StockNews.com upgraded AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.50.

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.