Wolfe Research began coverage on shares of Amc Networks (NASDAQ:AMCX) in a research note released on Friday morning, The Fly reports. The brokerage issued an underperform rating on the stock.
Several other equities research analysts have also commented on AMCX. ValuEngine raised Amc Networks from a strong sell rating to a sell rating in a research note on Monday, August 20th. BidaskClub raised Amc Networks from a sell rating to a hold rating in a research note on Friday, September 28th. Goldman Sachs Group lowered Amc Networks from a neutral rating to a sell rating and set a $61.00 price target on the stock. in a research note on Thursday, October 4th. Zacks Investment Research lowered Amc Networks from a hold rating to a sell rating in a research note on Tuesday, October 16th. Finally, JPMorgan Chase & Co. boosted their price target on Amc Networks from $62.00 to $65.00 and gave the stock a neutral rating in a research note on Friday, November 2nd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $62.20.
Shares of NASDAQ:AMCX traded down $0.12 during trading on Friday, hitting $58.06. 672,397 shares of the stock were exchanged, compared to its average volume of 488,340. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 0.83 and a beta of 0.84. 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 has a 12-month low of $48.00 and a 12-month high of $69.02.
Amc Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Thursday, November 1st. The company reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.37. The business had revenue of $696.87 million for the quarter, compared to analyst estimates of $693.20 million. Amc Networks had a return on equity of 221.77% and a net margin of 17.76%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 EPS. On average, equities analysts anticipate that Amc Networks will post 8.34 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the stock. LSV Asset Management lifted its stake in Amc Networks by 31.0% in the 3rd quarter. LSV Asset Management now owns 2,670,585 shares of the company’s stock valued at $177,166,000 after buying an additional 631,430 shares in the last quarter. Boston Partners lifted its stake in Amc Networks by 1.1% in the 2nd quarter. Boston Partners now owns 801,820 shares of the company’s stock valued at $49,873,000 after buying an additional 9,062 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in Amc Networks by 5.1% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 796,711 shares of the company’s stock valued at $52,854,000 after buying an additional 38,737 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Amc Networks by 20.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 788,104 shares of the company’s stock valued at $52,282,000 after buying an additional 133,602 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Amc Networks by 8.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 618,306 shares of the company’s stock valued at $41,018,000 after buying an additional 48,769 shares in the last quarter. 85.97% of the stock is currently owned by hedge funds and other institutional investors.
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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