Cipher Capital LP Trims Stake in AMC Networks Inc. (NASDAQ:AMCX)

Cipher Capital LP decreased its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX) by 28.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,187 shares of the company’s stock after selling 22,239 shares during the period. Cipher Capital LP owned 0.09% of AMC Networks worth $3,285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisor Group Inc. increased its position in shares of AMC Networks by 24.4% during the second quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock valued at $112,000 after acquiring an additional 414 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of AMC Networks by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after acquiring an additional 181 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in shares of AMC Networks during the second quarter valued at approximately $153,000. Riverhead Capital Management LLC increased its position in shares of AMC Networks by 69.9% during the second quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock valued at $172,000 after acquiring an additional 1,328 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in AMC Networks by 2.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock worth $175,000 after purchasing an additional 88 shares during the last quarter. 86.95% of the stock is owned by institutional investors and hedge funds.

AMC Networks Inc. (NASDAQ AMCX) traded up $3.29 on Monday, hitting $56.15. 1,607,656 shares of the company were exchanged, compared to its average volume of 753,940. The company has a debt-to-equity ratio of 37.53, a quick ratio of 2.57 and a current ratio of 2.57. AMC Networks Inc. has a 52 week low of $46.89 and a 52 week high of $67.61. The stock has a market cap of $3,270.08, a PE ratio of 7.59, a price-to-earnings-growth ratio of 0.99 and a beta of 1.10.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.53. The company had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $660.79 million. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. AMC Networks’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.11 EPS. equities research analysts anticipate that AMC Networks Inc. will post 7.01 EPS for the current year.

Several equities research analysts recently issued reports on AMCX shares. ValuEngine upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a report on Monday. TheStreet cut shares of AMC Networks from a “b-” rating to a “c” rating in a report on Tuesday, November 14th. Morgan Stanley dropped their target price on shares of AMC Networks from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 31st. Jefferies Group dropped their target price on shares of AMC Networks from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Finally, Loop Capital dropped their price target on shares of AMC Networks from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $60.58.

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AMC Networks Profile

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.

Institutional Ownership by Quarter for AMC Networks (NASDAQ:AMCX)

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