UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stake in AMC Networks Inc. (NASDAQ:AMCX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in AMC Networks Inc. (NASDAQ:AMCX) by 22.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,356 shares of the company’s stock after selling 6,888 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.05% of AMC Networks worth $203,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Marshall Wace LLP purchased a new stake in AMC Networks during the 2nd quarter worth $4,456,000. Dimensional Fund Advisors LP lifted its stake in shares of AMC Networks by 18.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,625,630 shares of the company’s stock worth $15,703,000 after purchasing an additional 250,738 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of AMC Networks by 234.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 278,802 shares of the company’s stock worth $2,693,000 after buying an additional 195,444 shares during the period. Koss Olinger Consulting LLC acquired a new stake in shares of AMC Networks in the second quarter valued at about $1,569,000. Finally, Dana Investment Advisors Inc. raised its holdings in shares of AMC Networks by 40.8% during the 2nd quarter. Dana Investment Advisors Inc. now owns 534,543 shares of the company’s stock valued at $5,164,000 after buying an additional 154,927 shares during the period. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMCX has been the subject of a number of analyst reports. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Morgan Stanley decreased their target price on shares of 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 raised shares of 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 assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.50.

AMC Networks Stock Performance

Shares of AMCX opened at $9.37 on Friday. The firm has a market cap of $413.41 million, a price-to-earnings ratio of 14.87 and a beta of 1.34. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 2.03. The business’s 50 day moving average is $8.89 and its two-hundred day moving average is $9.76. AMC Networks Inc. has a 52-week low of $7.08 and a 52-week high of $19.55.

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