Shares of AMC Networks Inc (NASDAQ:AMCX) have been assigned a consensus recommendation of “Hold” from the twenty-one research firms that are covering the company. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $66.46.
A number of analysts have issued reports on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $57.00 price target on shares of AMC Networks in a report on Friday, February 24th. Piper Jaffray Companies downgraded AMC Networks from an “overweight” rating to a “neutral” rating in a report on Monday, April 10th. Zacks Investment Research raised AMC Networks from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Wednesday, April 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $56.00 price target on shares of AMC Networks in a report on Tuesday, January 3rd. Finally, Loop Capital reiterated a “hold” rating and set a $56.00 target price on shares of AMC Networks in a research report on Monday, February 27th.
Shares of AMC Networks (NASDAQ:AMCX) traded down 1.58% during midday trading on Tuesday, hitting $59.26. The company’s stock had a trading volume of 637,225 shares. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 15.84 and a beta of 1.01. The firm has a 50-day moving average of $58.75 and a 200 day moving average of $55.05. AMC Networks has a 12-month low of $46.17 and a 12-month high of $70.28.
AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.04. The company earned $729.60 million during the quarter, compared to the consensus estimate of $709.83 million. AMC Networks had a return on equity of 408.71% and a net margin of 12.80%. AMC Networks’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.23 EPS. On average, equities research analysts predict that AMC Networks will post $6.25 EPS for the current fiscal year.
In related news, EVP James Gallagher sold 4,000 shares of the business’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $58.75, for a total value of $235,000.00. Following the transaction, the executive vice president now owns 12,260 shares in the company, valued at approximately $720,275. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.19% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in shares of AMC Networks by 11.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,927 shares of the company’s stock valued at $100,000 after buying an additional 202 shares during the period. Elkfork Partners LLC bought a new position in shares of AMC Networks during the fourth quarter valued at about $127,000. Pacad Investment Ltd. bought a new position in shares of AMC Networks during the fourth quarter valued at about $141,000. LS Investment Advisors LLC boosted its position in shares of AMC Networks by 5.0% in the third quarter. LS Investment Advisors LLC now owns 3,950 shares of the company’s stock valued at $205,000 after buying an additional 187 shares during the period. Finally, Brown Advisory Inc. bought a new position in shares of AMC Networks during the fourth quarter valued at about $211,000. Hedge funds and other institutional investors own 81.97% of the company’s stock.
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.
Receive News & Ratings for AMC Networks Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks Inc and related companies with MarketBeat.com's FREE daily email newsletter.