River Road Asset Management LLC decreased its position in Amc Networks Inc (NASDAQ:AMCX) by 0.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 240,644 shares of the company’s stock after selling 1,320 shares during the quarter. River Road Asset Management LLC owned approximately 0.42% of Amc Networks worth $15,964,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of AMCX. Millennium Management LLC lifted its holdings in Amc Networks by 46.9% in the first quarter. Millennium Management LLC now owns 52,372 shares of the company’s stock valued at $2,708,000 after acquiring an additional 16,719 shares during the period. Legal & General Group Plc raised its stake in shares of Amc Networks by 13.1% in the first quarter. Legal & General Group Plc now owns 68,828 shares of the company’s stock worth $3,558,000 after buying an additional 7,974 shares during the period. Royal Bank of Canada raised its stake in shares of Amc Networks by 4.2% in the first quarter. Royal Bank of Canada now owns 83,757 shares of the company’s stock worth $4,329,000 after buying an additional 3,345 shares during the period. Xact Kapitalforvaltning AB raised its stake in shares of Amc Networks by 45.4% in the first quarter. Xact Kapitalforvaltning AB now owns 8,002 shares of the company’s stock worth $414,000 after buying an additional 2,500 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of Amc Networks by 32.4% in the second quarter. State of Alaska Department of Revenue now owns 5,970 shares of the company’s stock worth $371,000 after buying an additional 1,460 shares during the period. 84.49% of the stock is currently owned by institutional investors.
NASDAQ:AMCX opened at $61.86 on Tuesday. The company has a debt-to-equity ratio of 10.69, a current ratio of 2.51 and a quick ratio of 2.51. Amc Networks Inc has a 12-month low of $46.89 and a 12-month high of $69.02. The stock has a market cap of $3.36 billion, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 0.79 and a beta of 0.79.
Amc Networks (NASDAQ:AMCX) last released its earnings results on Thursday, November 1st. The company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.37. Amc Networks had a return on equity of 221.77% and a net margin of 17.76%. The firm had revenue of $696.87 million during the quarter, compared to analysts’ expectations of $693.20 million. During the same quarter last year, the business posted $1.68 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that Amc Networks Inc will post 8.19 EPS for the current year.
AMCX has been the topic of several recent research reports. Guggenheim reaffirmed a “hold” rating and issued a $58.00 price objective on shares of Amc Networks in a research note on Friday, July 13th. ValuEngine downgraded Amc Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Imperial Capital initiated coverage on Amc Networks in a research note on Thursday, July 19th. They issued an “in-line” rating and a $65.00 price objective on the stock. BidaskClub downgraded Amc Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research downgraded Amc Networks from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $62.20.
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Amc Networks Company 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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