Zurcher Kantonalbank Zurich Cantonalbank Acquires 2,959 Shares of AMC Networks Inc. (NASDAQ:AMCX)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in AMC Networks Inc. (NASDAQ:AMCX) by 94.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,091 shares of the company’s stock after purchasing an additional 2,959 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AMC Networks were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System bought a new position in shares of AMC Networks in the 4th quarter valued at about $286,000. Smith Graham & Co. Investment Advisors LP increased its position in shares of 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 purchasing an additional 47,466 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of AMC Networks by 98.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,336 shares of the company’s stock worth $81,000 after purchasing an additional 2,146 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of AMC Networks by 152.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 39,895 shares of the company’s stock valued at $750,000 after buying an additional 24,085 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of AMC Networks by 5.8% in the fourth quarter. SG Americas Securities LLC now owns 16,030 shares of the company’s stock valued at $301,000 after buying an additional 882 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Trading Up 3.4 %

Shares of AMCX stock opened at $13.73 on Friday. AMC Networks Inc. has a 12-month low of $9.87 and a 12-month high of $20.97. The firm has a 50 day moving average price of $11.80 and a two-hundred day moving average price of $14.61. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $598.08 million, a PE ratio of 2.80 and a beta of 1.22.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Friday, February 9th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $675.97 million. During the same period in the prior year, the firm posted $2.52 EPS. The company’s revenue for the quarter was down 29.6% on a year-over-year basis. As a group, analysts predict that AMC Networks Inc. will post 6.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on AMCX shares. StockNews.com cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. TheStreet upgraded shares of AMC Networks from a “d+” rating to a “c-” rating in a research note on Tuesday, February 13th. Finally, Morgan Stanley dropped their price objective 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. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.75.

AMC Networks 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.