Vanguard Group Inc. Boosts Stock Position in AMC Networks Inc. (NASDAQ:AMCX)

Vanguard Group Inc. boosted its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,492,814 shares of the company’s stock after acquiring an additional 30,721 shares during the quarter. Vanguard Group Inc. owned 0.08% of AMC Networks worth $41,145,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AMCX. Signaturefd LLC increased its holdings in shares of AMC Networks by 206.2% in the third quarter. Signaturefd LLC now owns 2,364 shares of the company’s stock valued at $28,000 after purchasing an additional 1,592 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of AMC Networks by 2,007.8% in the fourth quarter. Meeder Asset Management Inc. now owns 2,171 shares of the company’s stock valued at $34,000 after purchasing an additional 2,068 shares during the period. State of Wyoming increased its holdings in shares of AMC Networks by 237.1% in the fourth quarter. State of Wyoming now owns 2,825 shares of the company’s stock valued at $44,000 after purchasing an additional 1,987 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of AMC Networks by 20.2% in the third quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company’s stock valued at $52,000 after purchasing an additional 737 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of AMC Networks by 506.4% in the second quarter. Tower Research Capital LLC TRC now owns 4,942 shares of the company’s stock valued at $59,000 after purchasing an additional 4,127 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

AMC Networks Stock Up 0.6 %

AMCX opened at $11.33 on Wednesday. The business’s 50-day simple moving average is $13.30 and its 200-day simple moving average is $14.73. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.72 and a current ratio of 1.72. AMC Networks Inc. has a one year low of $9.96 and a one year high of $20.97. The stock has a market capitalization of $493.53 million, a P/E ratio of 2.31 and a beta of 1.21.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Friday, February 9th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. AMC Networks had a return on equity of 30.42% and a net margin of 7.95%. The company had revenue of $678.80 million for the quarter, compared to analysts’ expectations of $675.97 million. During the same quarter in the previous year, the firm posted $2.52 EPS. The firm’s quarterly revenue was down 29.6% on a year-over-year basis. Analysts anticipate that AMC Networks Inc. will post 5.7 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AMCX shares. Morgan Stanley lowered their target price on AMC Networks from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Monday, February 12th. Seaport Res Ptn downgraded AMC Networks from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 12th. StockNews.com downgraded AMC Networks from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. Finally, TheStreet upgraded AMC Networks from a “d+” rating to a “c-” rating in a research report on Tuesday, February 13th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, AMC Networks currently has a consensus rating of “Hold” and an average target price of $11.75.

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.