JPMorgan Chase & Co. decreased its stake in AMC Networks Inc. (NASDAQ:AMCX) by 16.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 424,550 shares of the company’s stock after selling 80,885 shares during the period. JPMorgan Chase & Co. owned approximately 0.67% of AMC Networks worth $24,908,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in AMCX. Advisor Group Inc. increased its holdings in AMC Networks by 24.4% during the 2nd 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 holdings in AMC Networks by 9.1% during the 2nd 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 purchased a new position in AMC Networks during the 2nd quarter valued at about $153,000. Riverhead Capital Management LLC increased its holdings in AMC Networks by 69.9% during the 2nd 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. increased its holdings in AMC Networks by 2.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after acquiring an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 86.95% of the company’s stock.
AMCX has been the subject of several recent research reports. Piper Jaffray Companies set a $60.00 target price on shares of AMC Networks and gave the company a “hold” rating in a report on Wednesday, November 1st. Jefferies Group dropped their target price on shares of AMC Networks from $65.00 to $55.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Loop Capital dropped their target price on shares of AMC Networks from $61.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, October 19th. Cowen restated a “hold” rating and set a $53.00 target price on shares of AMC Networks in a report on Thursday, September 21st. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of AMC Networks in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. AMC Networks presently has a consensus rating of “Hold” and an average price target of $61.73.
Shares of AMC Networks Inc. (AMCX) opened at $54.17 on Friday. AMC Networks Inc. has a twelve month low of $46.89 and a twelve month high of $67.61. The stock has a market cap of $3,400.00, a P/E ratio of 7.75, a P/E/G ratio of 1.01 and a beta of 1.10. The company has a debt-to-equity ratio of 37.53, a current ratio of 2.57 and a quick ratio of 2.57.
AMC Networks (NASDAQ:AMCX) last released its earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.53. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The firm had revenue of $648.00 million during the quarter, compared to the consensus estimate of $660.79 million. During the same period in the previous year, the firm earned $1.11 earnings per share. AMC Networks’s revenue was up 2.1% compared to the same quarter last year. equities analysts anticipate that AMC Networks Inc. will post 7.01 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/12/15/amc-networks-inc-amcx-position-lowered-by-jpmorgan-chase-co.html.
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.
Want to see what other hedge funds are holding AMCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMC Networks Inc. (NASDAQ:AMCX).
Receive News & Ratings for AMC Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks and related companies with MarketBeat.com's FREE daily email newsletter.