Stone Ridge Asset Management LLC acquired a new position in shares of AMC Networks Inc (NASDAQ:AMCX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,925 shares of the company’s stock, valued at approximately $1,132,000.
A number of other institutional investors have also recently bought and sold shares of AMCX. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in AMC Networks by 46.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the company’s stock valued at $172,000 after acquiring an additional 1,008 shares in the last quarter. Brown Advisory Inc. acquired a new position in AMC Networks in the 3rd quarter valued at approximately $203,000. Parametrica Management Ltd acquired a new position in AMC Networks in the 4th quarter valued at approximately $212,000. Raymond James Financial Services Advisors Inc. acquired a new position in AMC Networks in the 3rd quarter valued at approximately $218,000. Finally, Capital Fund Management S.A. acquired a new position in AMC Networks in the 4th quarter valued at approximately $229,000. 88.71% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the company. BidaskClub cut AMC Networks from a “sell” rating to a “strong sell” rating in a report on Thursday. TheStreet raised AMC Networks from a “c” rating to a “b-” rating in a report on Thursday, December 21st. Zacks Investment Research cut AMC Networks from a “hold” rating to a “sell” rating in a report on Friday, January 19th. ValuEngine cut AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Macquarie cut AMC Networks from an “outperform” rating to a “neutral” rating and set a $60.00 target price for the company. in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. AMC Networks has a consensus rating of “Hold” and an average target price of $59.55.
Shares of AMC Networks Inc (NASDAQ:AMCX) opened at $50.39 on Friday. The company has a market capitalization of $3,083.51, a P/E ratio of 7.00, a P/E/G ratio of 0.86 and a beta of 0.84. AMC Networks Inc has a 12-month low of $46.89 and a 12-month high of $67.44. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 19.07.
AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results on Thursday, March 1st. The company reported $1.68 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.19. The business had revenue of $726.93 million for the quarter, compared to analyst estimates of $730.82 million. AMC Networks had a return on equity of 531.46% and a net margin of 16.80%. AMC Networks’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company earned $1.30 EPS. analysts anticipate that AMC Networks Inc will post 8.08 earnings per share for the current year.
About AMC Networks
AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.
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