Pinebridge Investments L.P. boosted its holdings in shares of AMC Networks Inc (NASDAQ:AMCX) by 1,611.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 29,100 shares of the company’s stock after purchasing an additional 27,400 shares during the quarter. Pinebridge Investments L.P.’s holdings in AMC Networks were worth $1,574,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in the stock. Investec Asset Management LTD boosted its stake in AMC Networks by 45.0% during the 3rd quarter. Investec Asset Management LTD now owns 1,799,372 shares of the company’s stock valued at $105,209,000 after purchasing an additional 558,579 shares during the period. LSV Asset Management boosted its stake in AMC Networks by 24.9% during the 4th quarter. LSV Asset Management now owns 1,602,183 shares of the company’s stock valued at $86,646,000 after purchasing an additional 319,011 shares during the period. Boston Partners boosted its stake in AMC Networks by 110.6% during the 4th quarter. Boston Partners now owns 819,011 shares of the company’s stock valued at $44,292,000 after purchasing an additional 430,169 shares during the period. Bank of New York Mellon Corp boosted its stake in AMC Networks by 7.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 778,748 shares of the company’s stock valued at $45,533,000 after purchasing an additional 53,278 shares during the period. Finally, Gabelli Funds LLC boosted its stake in AMC Networks by 0.7% during the 4th quarter. Gabelli Funds LLC now owns 763,100 shares of the company’s stock valued at $41,268,000 after purchasing an additional 5,500 shares during the period. Hedge funds and other institutional investors own 89.04% of the company’s stock.
Shares of AMC Networks Inc (NASDAQ AMCX) opened at $51.99 on Friday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 37.53. AMC Networks Inc has a 52-week low of $46.89 and a 52-week high of $67.44. The company has a market capitalization of $3,184.09, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 0.94 and a beta of 0.91.
Several analysts recently weighed in on AMCX shares. BidaskClub upgraded AMC Networks from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 19th. TheStreet upgraded AMC Networks from a “c” rating to a “b-” rating in a research note on Thursday, December 21st. Zacks Investment Research downgraded AMC Networks from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. Piper Jaffray Companies set a $60.00 target price on AMC Networks and gave the company a “hold” rating in a research note on Wednesday, November 1st. Finally, ValuEngine downgraded AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $62.42.
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AMC Networks Company 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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