AMP Capital Investors Ltd boosted its stake in AMC Networks Inc (NASDAQ:AMCX) by 140.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 65,156 shares of the company’s stock after buying an additional 38,089 shares during the quarter. AMP Capital Investors Ltd’s holdings in AMC Networks were worth $3,525,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Investec Asset Management LTD raised its position in AMC Networks by 0.3% in the 4th quarter. Investec Asset Management LTD now owns 1,804,415 shares of the company’s stock valued at $97,583,000 after buying an additional 5,043 shares during the last quarter. LSV Asset Management raised its position in AMC Networks by 24.9% in the 4th quarter. LSV Asset Management now owns 1,602,183 shares of the company’s stock valued at $86,646,000 after buying an additional 319,011 shares during the last quarter. Schroder Investment Management Group raised its position in AMC Networks by 322.6% in the 4th quarter. Schroder Investment Management Group now owns 1,214,590 shares of the company’s stock valued at $65,685,000 after buying an additional 927,200 shares during the last quarter. Boston Partners raised its position in AMC Networks by 110.6% in the 4th quarter. Boston Partners now owns 819,011 shares of the company’s stock valued at $44,292,000 after buying an additional 430,169 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in AMC Networks by 7.3% in 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 buying an additional 53,278 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.
Shares of AMCX stock opened at $49.40 on Wednesday. AMC Networks Inc has a 12-month low of $46.89 and a 12-month high of $67.44. The stock has a market capitalization of $3,059.83, a price-to-earnings ratio of 6.86, a PEG ratio of 0.84 and a beta of 0.84. The company has a debt-to-equity ratio of 19.07, a quick ratio of 2.53 and a current ratio of 2.53.
AMC Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, March 1st. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.19. AMC Networks had a return on equity of 531.46% and a net margin of 16.80%. The firm had revenue of $726.93 million during the quarter, compared to analyst estimates of $730.82 million. During the same period last year, the firm posted $1.30 EPS. The business’s revenue was down .4% compared to the same quarter last year. sell-side analysts predict that AMC Networks Inc will post 8.13 earnings per share for the current year.
A number of research firms recently commented on AMCX. Moffett Nathanson raised AMC Networks from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. Zacks Investment Research raised AMC Networks from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Tuesday, January 2nd. ValuEngine raised AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Cowen reissued a “hold” rating and issued a $63.00 price target on shares of AMC Networks in a research report on Monday, February 5th. Finally, TheStreet lowered AMC Networks from a “b-” rating to a “c+” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $59.55.
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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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