Analysts Set AMC Networks Inc. (NASDAQ:AMCX) Price Target at $5.38

AMC Networks Inc. (NASDAQ:AMCX) has been given an average recommendation of “Reduce” by the five brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $5.3750.

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of AMC Networks from $6.00 to $5.50 and set an “underweight” rating on the stock in a report on Monday, May 12th. Wells Fargo & Company restated an “underweight” rating on shares of AMC Networks in a research note on Sunday, August 10th. Wall Street Zen raised AMC Networks from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. reduced their price target on AMC Networks from $8.00 to $6.00 and set an “underweight” rating for the company in a report on Monday, May 12th.

Institutional Trading of AMC Networks

A number of institutional investors have recently added to or reduced their stakes in the business. State of Wyoming acquired a new position in shares of AMC Networks during the 2nd quarter worth $51,000. Man Group plc lifted its stake in shares of AMC Networks by 6.7% in the 2nd quarter. Man Group plc now owns 27,669 shares of the company’s stock valued at $173,000 after purchasing an additional 1,735 shares during the last quarter. Gallagher Fiduciary Advisors LLC boosted its holdings in AMC Networks by 105.5% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 38,355 shares of the company’s stock worth $240,000 after purchasing an additional 19,695 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in AMC Networks during the second quarter worth $475,000. Finally, Raymond James Financial Inc. bought a new position in AMC Networks during the second quarter valued at about $25,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Price Performance

Shares of AMCX opened at $7.20 on Friday. The business’s 50-day moving average is $6.31 and its 200-day moving average is $6.64. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $312.34 million, a price-to-earnings ratio of -1.65 and a beta of 1.38. AMC Networks has a fifty-two week low of $5.41 and a fifty-two week high of $10.72.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.15. The firm had revenue of $600.02 million for the quarter, compared to the consensus estimate of $582.99 million. AMC Networks had a negative net margin of 7.42% and a positive return on equity of 15.73%. The firm’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 earnings per share. AMC Networks has set its FY 2025 guidance at EPS. Equities research analysts expect that AMC Networks will post 2.62 EPS for the current fiscal year.

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.