Acadian Asset Management LLC Purchases 301,016 Shares of AMC Networks Inc. $AMCX

Acadian Asset Management LLC boosted its position in AMC Networks Inc. (NASDAQ:AMCX) by 941.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 332,994 shares of the company’s stock after acquiring an additional 301,016 shares during the quarter. Acadian Asset Management LLC owned 0.74% of AMC Networks worth $2,290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AMCX. RWWM Inc. boosted its position in AMC Networks by 74.3% during the first quarter. RWWM Inc. now owns 2,712,921 shares of the company’s stock valued at $18,665,000 after buying an additional 1,156,267 shares during the period. Readystate Asset Management LP raised its stake in shares of AMC Networks by 352.5% during the first quarter. Readystate Asset Management LP now owns 405,383 shares of the company’s stock valued at $2,789,000 after acquiring an additional 315,787 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of AMC Networks by 2,483.1% during the fourth quarter. Janus Henderson Group PLC now owns 309,090 shares of the company’s stock valued at $3,060,000 after acquiring an additional 297,124 shares during the last quarter. Trexquant Investment LP raised its stake in shares of AMC Networks by 84.1% during the first quarter. Trexquant Investment LP now owns 374,376 shares of the company’s stock valued at $2,576,000 after acquiring an additional 171,028 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of AMC Networks by 44.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 396,710 shares of the company’s stock valued at $2,721,000 after acquiring an additional 121,844 shares during the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

AMC Networks Stock Performance

Shares of AMCX stock opened at $8.36 on Tuesday. The company has a 50 day moving average price of $6.73 and a 200-day moving average price of $6.54. AMC Networks Inc. has a 52 week low of $5.41 and a 52 week high of $10.60. The firm has a market capitalization of $362.66 million, a PE ratio of -1.91 and a beta of 1.40. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 2.11.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results on Friday, August 8th. The company reported $0.69 earnings per share (EPS) for the quarter, topping 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 positive return on equity of 15.73% and a negative net margin of 7.42%.The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the business posted $1.24 EPS. AMC Networks has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that AMC Networks Inc. will post 2.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reaffirmed an “underweight” rating on shares of AMC Networks in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $5.38.

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.