Accident Compensation Corp Buys Shares of 9,000 AMC Networks Inc (AMCX)

Accident Compensation Corp bought a new position in AMC Networks Inc (NASDAQ:AMCX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,000 shares of the company’s stock, valued at approximately $487,000.

Other hedge funds have also made changes to their positions in the company. Advisor Group Inc. lifted its position in 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 buying an additional 414 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in AMC Networks by 46.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the company’s stock valued at $172,000 after buying an additional 1,008 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in AMC Networks by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after buying an additional 88 shares in the last quarter. Brown Advisory Inc. acquired a new position in AMC Networks during the third quarter valued at approximately $203,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in AMC Networks during the third quarter valued at approximately $218,000. 86.93% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. Cowen reaffirmed a “hold” rating and set a $63.00 price target on shares of AMC Networks in a research report on Monday, February 5th. ValuEngine cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Morgan Stanley lifted their price target on shares of AMC Networks from $55.00 to $57.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. BidaskClub raised shares of AMC Networks from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, TheStreet cut shares of AMC Networks from a “b-” rating to a “c+” rating in a research report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. AMC Networks currently has a consensus rating of “Hold” and a consensus price target of $62.42.

Shares of AMC Networks Inc (AMCX) opened at $51.10 on Tuesday. The stock has a market cap of $3,160.00, a P/E ratio of 10.08, a PEG ratio of 0.93 and a beta of 0.91. AMC Networks Inc has a 12 month low of $46.89 and a 12 month high of $67.61. The company has a debt-to-equity ratio of 37.53, a quick ratio of 2.57 and a current ratio of 2.57.

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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.

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

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