Nisa Investment Advisors LLC Buys 2,146 Shares of AMC Networks Inc. (NASDAQ:AMCX)

Nisa Investment Advisors LLC raised its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 98.0% during the 4th quarter, Holdings Channel reports. The fund owned 4,336 shares of the company’s stock after purchasing an additional 2,146 shares during the period. Nisa Investment Advisors LLC’s holdings in AMC Networks were worth $81,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. boosted its position in AMC Networks by 1.3% during the 2nd quarter. BlackRock Inc. now owns 4,747,919 shares of the company’s stock valued at $56,738,000 after acquiring an additional 60,779 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of AMC Networks by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,492,814 shares of the company’s stock valued at $41,145,000 after purchasing an additional 30,721 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of AMC Networks by 280.9% during the 1st quarter. Invesco Ltd. now owns 1,377,018 shares of the company’s stock valued at $55,948,000 after purchasing an additional 1,015,493 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of AMC Networks by 29.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,374,249 shares of the company’s stock valued at $16,189,000 after purchasing an additional 314,486 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of AMC Networks by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,278,687 shares of the company’s stock valued at $22,478,000 after purchasing an additional 114,760 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.

Analysts Set New Price Targets

AMCX has been the subject of several analyst reports. Morgan Stanley decreased their price objective on AMC Networks from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Monday, February 12th. TheStreet upgraded AMC Networks from a “d+” rating to a “c-” rating in a report on Tuesday, February 13th. Finally, StockNews.com lowered AMC Networks from a “buy” rating to a “hold” rating in a report on Saturday, February 17th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.75.

AMC Networks Stock Performance

Shares of AMCX stock opened at $10.92 on Friday. The firm has a market capitalization of $475.68 million, a price-to-earnings ratio of 2.23 and a beta of 1.21. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.72 and a quick ratio of 1.72. The business has a fifty day moving average of $12.22 and a 200 day moving average of $14.67. AMC Networks Inc. has a 1 year low of $9.87 and a 1 year high of $20.97.

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

About AMC Networks

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.