American Century Companies Inc. Has $6.24 Million Stock Holdings in AMC Networks Inc. $AMCX

American Century Companies Inc. grew its position in AMC Networks Inc. (NASDAQ:AMCX) by 11.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 995,837 shares of the company’s stock after buying an additional 102,346 shares during the period. American Century Companies Inc. owned 2.22% of AMC Networks worth $6,244,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Graham Capital Management L.P. boosted its holdings in AMC Networks by 422.0% in the first quarter. Graham Capital Management L.P. now owns 136,955 shares of the company’s stock valued at $942,000 after acquiring an additional 110,719 shares during the last quarter. Acadian Asset Management LLC raised its holdings in AMC Networks by 9.9% during the 2nd quarter. Acadian Asset Management LLC now owns 365,819 shares of the company’s stock worth $2,292,000 after purchasing an additional 32,825 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in AMC Networks by 17.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 683,395 shares of the company’s stock valued at $4,702,000 after purchasing an additional 100,158 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of AMC Networks by 49.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 592,688 shares of the company’s stock valued at $3,639,000 after purchasing an additional 195,978 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new position in shares of AMC Networks in the 2nd quarter valued at about $356,000. Institutional investors own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMCX. Zacks Research lowered shares of AMC Networks from a “hold” rating to a “strong sell” rating in a report on Thursday. Wells Fargo & Company upgraded AMC Networks from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $5.00 to $8.00 in a research report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AMC Networks in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, AMC Networks currently has a consensus rating of “Strong Sell” and an average price target of $6.38.

AMC Networks Trading Down 1.0%

AMCX opened at $9.00 on Friday. The firm’s fifty day moving average is $7.98 and its two-hundred day moving average is $7.16. The firm has a market cap of $391.77 million, a PE ratio of -2.40 and a beta of 1.06. AMC Networks Inc. has a twelve month low of $5.41 and a twelve month high of $10.60. The company has a debt-to-equity ratio of 1.76, a quick ratio of 2.12 and a current ratio of 2.12.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.13). AMC Networks had a positive return on equity of 11.67% and a negative net margin of 6.03%.The business had revenue of $561.74 million during the quarter, compared to the consensus estimate of $549.27 million. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue was down 6.3% compared to the same quarter last year. Equities research analysts anticipate that AMC Networks Inc. will post 2.62 EPS for the current 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.