XTX Topco Ltd Takes Position in AMC Networks Inc. (NASDAQ:AMCX)

XTX Topco Ltd bought a new position in shares of AMC Networks Inc. (NASDAQ:AMCX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,094 shares of the company’s stock, valued at approximately $107,000.

Several other large investors have also recently bought and sold shares of the business. EntryPoint Capital LLC acquired a new position in shares of AMC Networks during the 1st quarter worth about $60,000. Innealta Capital LLC purchased a new stake in AMC Networks during the second quarter worth approximately $48,000. EMC Capital Management boosted its holdings in AMC Networks by 23.8% in the first quarter. EMC Capital Management now owns 7,792 shares of the company’s stock valued at $95,000 after purchasing an additional 1,500 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in AMC Networks during the first quarter worth approximately $118,000. Finally, Virtu Financial LLC purchased a new stake in shares of AMC Networks during the 1st quarter worth approximately $138,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. StockNews.com downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Wells Fargo & Company dropped their price objective on AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.00.

AMC Networks Stock Performance

Shares of AMC Networks stock opened at $8.53 on Wednesday. The stock has a market capitalization of $371.58 million, a price-to-earnings ratio of 2.39 and a beta of 1.29. The firm’s fifty day simple moving average is $9.54 and its 200-day simple moving average is $11.48. The company has a debt-to-equity ratio of 2.17, a current ratio of 2.13 and a quick ratio of 2.13. AMC Networks Inc. has a 12 month low of $7.08 and a 12 month high of $20.97.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, August 9th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.28). AMC Networks had a net margin of 2.29% and a return on equity of 20.47%. The business had revenue of $625.90 million during the quarter, compared to analysts’ expectations of $601.41 million. During the same period in the previous year, the company posted $2.02 earnings per share. AMC Networks’s quarterly revenue was down 7.8% on a year-over-year basis. As a group, equities analysts forecast that AMC Networks Inc. will post 4.86 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.