Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AMC Networks Inc (NASDAQ:AMCX) by 46.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,172 shares of the company’s stock after purchasing an additional 1,008 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AMC Networks were worth $172,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in AMCX. Investec Asset Management LTD boosted its stake in AMC Networks by 45.0% in the 3rd quarter. Investec Asset Management LTD now owns 1,799,372 shares of the company’s stock worth $105,209,000 after purchasing an additional 558,579 shares in the last quarter. American Century Companies Inc. acquired a new stake in AMC Networks in the 3rd quarter worth approximately $20,212,000. AXA boosted its stake in AMC Networks by 468.7% in the 3rd quarter. AXA now owns 245,100 shares of the company’s stock worth $14,331,000 after purchasing an additional 202,000 shares in the last quarter. APG Asset Management N.V. acquired a new stake in AMC Networks in the 3rd quarter worth approximately $6,338,000. Finally, Canada Pension Plan Investment Board boosted its stake in AMC Networks by 174.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 127,386 shares of the company’s stock worth $7,448,000 after purchasing an additional 80,900 shares in the last quarter. Institutional investors own 89.04% of the company’s stock.
Shares of AMC Networks Inc (AMCX) opened at $51.99 on Friday. 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 12 month low of $46.89 and a 12 month high of $67.44. The company has a market cap of $3,216.26, a P/E ratio of 7.47, a price-to-earnings-growth ratio of 0.95 and a beta of 0.91.
AMCX has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of AMC Networks from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 19th. TheStreet upgraded shares of AMC Networks from a “c” rating to a “b-” rating in a research note on Thursday, December 21st. Zacks Investment Research cut shares of 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 price objective on shares of AMC Networks and gave the company a “hold” rating in a research note on Wednesday, November 1st. Finally, ValuEngine cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $61.40.
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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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