Cornerstone Capital Management Holdings LLC. Has $2.66 Million Position in AMC Networks Inc (NASDAQ:AMCX)

Cornerstone Capital Management Holdings LLC. increased its position in AMC Networks Inc (NASDAQ:AMCX) by 129.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,436 shares of the company’s stock after acquiring an additional 25,621 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.07% of AMC Networks worth $2,656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMCX. Canada Pension Plan Investment Board grew its position in shares of AMC Networks by 637.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 46,486 shares of the company’s stock valued at $2,483,000 after acquiring an additional 40,186 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of AMC Networks by 19.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 306,966 shares of the company’s stock valued at $16,396,000 after acquiring an additional 49,899 shares during the period. First Trust Advisors LP grew its position in shares of AMC Networks by 353.3% during the 2nd quarter. First Trust Advisors LP now owns 60,544 shares of the company’s stock valued at $3,234,000 after acquiring an additional 47,189 shares during the period. SG Americas Securities LLC grew its position in shares of AMC Networks by 23.3% during the 2nd quarter. SG Americas Securities LLC now owns 20,608 shares of the company’s stock valued at $1,101,000 after acquiring an additional 3,894 shares during the period. Finally, Legal & General Group Plc grew its position in shares of AMC Networks by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 46,479 shares of the company’s stock valued at $2,482,000 after acquiring an additional 7,531 shares during the period. Institutional investors own 86.83% of the company’s stock.

Shares of AMC Networks Inc (NASDAQ:AMCX) traded up $0.58 during mid-day trading on Thursday, reaching $52.98. 606,126 shares of the company’s stock were exchanged, compared to its average volume of 743,891. 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 Inc has a twelve month low of $46.89 and a twelve month high of $67.61. The company has a market cap of $3,280.00, a P/E ratio of 10.45, a P/E/G ratio of 0.99 and a beta of 1.10.

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

AMCX has been the subject of a number of recent research reports. TheStreet downgraded shares of AMC Networks from a “b-” rating to a “c” rating in a research 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 for the company in a report on Tuesday, October 31st. Cowen reaffirmed a “hold” rating and issued a $53.00 target price on shares of AMC Networks in a report on Thursday, September 21st. 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. Finally, Guggenheim downgraded shares of AMC Networks from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $61.42.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/01/11/amc-networks-inc-amcx-position-boosted-by-cornerstone-capital-management-holdings-llc.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.

Institutional Ownership by Quarter for AMC Networks (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.

Leave a Reply