Public Employees Retirement System of Ohio Buys 23,820 Shares of AMC Networks Inc. $AMCX

Public Employees Retirement System of Ohio increased its stake in AMC Networks Inc. (NASDAQ:AMCX) by 385.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,996 shares of the company’s stock after purchasing an additional 23,820 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.07% of AMC Networks worth $188,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of AMC Networks in the 1st quarter worth approximately $31,000. GAMMA Investing LLC grew its stake in AMC Networks by 254.1% in the 1st quarter. GAMMA Investing LLC now owns 5,201 shares of the company’s stock valued at $36,000 after buying an additional 3,732 shares in the last quarter. US Bancorp DE grew its stake in AMC Networks by 3,351.9% in the 1st quarter. US Bancorp DE now owns 10,045 shares of the company’s stock valued at $69,000 after buying an additional 9,754 shares in the last quarter. Algert Global LLC purchased a new position in AMC Networks in the 1st quarter valued at approximately $73,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in AMC Networks in the 4th quarter valued at approximately $141,000. Institutional investors own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wells Fargo & Company reiterated an “underweight” rating on shares of AMC Networks in a research note on Sunday, August 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of AMC Networks in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating and five have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $5.38.

AMC Networks Stock Down 1.7%

AMCX opened at $7.93 on Tuesday. The company has a fifty day moving average price of $7.31 and a 200-day moving average price of $6.66. The firm has a market capitalization of $344.00 million, a P/E ratio of -1.81 and a beta of 1.47. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.07 and a quick ratio of 2.07. AMC Networks Inc. has a one year low of $5.41 and a one year high of $10.60.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $582.99 million. AMC Networks had a negative net margin of 7.42% and a positive return on equity of 15.73%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 EPS. AMC Networks has set its FY 2025 guidance at EPS. Equities research analysts expect that AMC Networks Inc. will post 2.62 earnings per share 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.