Gabelli Funds LLC cut its holdings in shares of Amc Networks Inc (NASDAQ:AMCX) by 0.1% in the third quarter, Holdings Channel reports. The institutional investor owned 726,900 shares of the company’s stock after selling 1,000 shares during the quarter. Gabelli Funds LLC’s holdings in Amc Networks were worth $48,223,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of AMCX. First Hawaiian Bank acquired a new position in shares of Amc Networks during the third quarter worth approximately $123,000. Advisors Preferred LLC lifted its holdings in shares of Amc Networks by 265.9% during the second quarter. Advisors Preferred LLC now owns 2,009 shares of the company’s stock worth $125,000 after buying an additional 1,460 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Amc Networks during the second quarter worth approximately $213,000. Creative Planning acquired a new position in shares of Amc Networks during the second quarter worth approximately $245,000. Finally, Sigma Planning Corp acquired a new position in shares of Amc Networks during the second quarter worth approximately $282,000. Institutional investors own 84.49% of the company’s stock.
Shares of AMCX stock opened at $61.86 on Tuesday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 10.69. The firm has a market cap of $3.36 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.79 and a beta of 0.79. Amc Networks Inc has a 52 week low of $46.89 and a 52 week high of $69.02.
Amc Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, November 1st. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.78 by $0.37. The company had revenue of $696.87 million for the quarter, compared to analysts’ expectations of $693.20 million. Amc Networks had a return on equity of 221.77% and a net margin of 17.76%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.68 earnings per share. As a group, equities analysts predict that Amc Networks Inc will post 8.19 EPS for the current year.
AMCX has been the topic of a number of research reports. Guggenheim restated a “hold” rating and set a $58.00 price objective on shares of Amc Networks in a research report on Friday, July 13th. ValuEngine cut Amc Networks from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Imperial Capital initiated coverage on Amc Networks in a research report on Thursday, July 19th. They issued an “in-line” rating and a $65.00 price target on the stock. BidaskClub cut Amc Networks from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Finally, Zacks Investment Research cut Amc Networks from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. Amc Networks has a consensus rating of “Hold” and an average price target of $62.20.
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Amc Networks Profile
AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.
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