Texas Permanent School Fund Has $627,000 Stake in AMC Networks Inc. (NASDAQ:AMCX)

Texas Permanent School Fund increased its stake in shares of AMC Networks Inc. (NASDAQ:AMCXGet Rating) by 3.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 21,515 shares of the company’s stock after acquiring an additional 793 shares during the period. Texas Permanent School Fund owned 0.05% of AMC Networks worth $627,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Assetmark Inc. increased its holdings in shares of AMC Networks by 10.2% during the 2nd quarter. Assetmark Inc. now owns 11,441 shares of the company’s stock valued at $333,000 after acquiring an additional 1,056 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in shares of AMC Networks by 78.7% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,826 shares of the company’s stock valued at $53,000 after acquiring an additional 804 shares during the last quarter. US Bancorp DE grew its holdings in AMC Networks by 98.1% in the 2nd quarter. US Bancorp DE now owns 3,207 shares of the company’s stock valued at $93,000 after buying an additional 1,588 shares during the last quarter. DGS Capital Management LLC grew its holdings in AMC Networks by 29.1% in the 2nd quarter. DGS Capital Management LLC now owns 8,027 shares of the company’s stock valued at $234,000 after buying an additional 1,807 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in AMC Networks in the 2nd quarter valued at approximately $175,000. Institutional investors and hedge funds own 66.24% of the company’s stock.

AMC Networks Price Performance

AMC Networks stock opened at $20.49 on Tuesday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $880.66 million, a PE ratio of 3.10 and a beta of 1.16. AMC Networks Inc. has a one year low of $17.45 and a one year high of $44.66. The business has a 50 day simple moving average of $21.51 and a 200 day simple moving average of $27.89.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AMCX shares. JPMorgan Chase & Co. lowered their target price on AMC Networks from $23.00 to $18.00 in a report on Monday, November 7th. The Goldman Sachs Group lowered their target price on AMC Networks from $28.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, November 8th. Morgan Stanley lowered their target price on AMC Networks from $33.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, November 7th. StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 7th. Finally, Cowen reduced their price objective on AMC Networks to $36.00 in a research report on Monday, August 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, AMC Networks currently has a consensus rating of “Hold” and a consensus target price of $27.44.

About AMC Networks

(Get Rating)

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, Domestic Operations, and International and Other.

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Institutional Ownership by Quarter for AMC Networks (NASDAQ:AMCX)

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