Strs Ohio Has $640,000 Holdings in AMC Networks Inc. (NASDAQ:AMCX)

Strs Ohio lessened its stake in AMC Networks Inc. (NASDAQ:AMCX) by 33.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,100 shares of the company’s stock after selling 17,000 shares during the quarter. Strs Ohio owned 0.08% of AMC Networks worth $640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in AMC Networks by 0.9% in the third quarter. Vanguard Group Inc. now owns 3,492,814 shares of the company’s stock valued at $41,145,000 after acquiring an additional 30,721 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of AMC Networks by 29.7% in 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 in the last quarter. Invesco Ltd. boosted its stake in shares of AMC Networks by 6.2% in the 3rd quarter. Invesco Ltd. now owns 528,954 shares of the company’s stock valued at $6,231,000 after purchasing an additional 30,646 shares in the last quarter. Smith Graham & Co. Investment Advisors LP boosted its position in AMC Networks by 14.1% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 383,384 shares of the company’s stock worth $7,204,000 after buying an additional 47,466 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in AMC Networks by 3.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 359,992 shares of the company’s stock worth $4,241,000 after buying an additional 10,439 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

AMC Networks Trading Down 4.4 %

Shares of AMCX opened at $10.83 on Friday. The business’s 50-day moving average price is $12.00 and its 200-day moving average price is $14.64. AMC Networks Inc. has a twelve month low of $9.87 and a twelve month high of $20.97. The stock has a market cap of $471.75 million, a PE ratio of 2.21 and a beta of 1.21. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.14.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Friday, February 9th. The company reported $0.72 earnings per share for the quarter, beating 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 firm had revenue of $678.80 million for the quarter, compared to analysts’ expectations of $675.97 million. During the same period in the prior year, the business posted $2.52 earnings per share. The company’s revenue was down 29.6% on a year-over-year basis. On average, equities analysts forecast that AMC Networks Inc. will post 5.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMCX. Morgan Stanley lowered their price objective on shares of AMC Networks from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Monday, February 12th. StockNews.com cut AMC Networks from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Finally, TheStreet upgraded AMC Networks from a “d+” rating to a “c-” rating in a research note 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.