Aperio Group LLC boosted its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX) by 111.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,273 shares of the company’s stock after buying an additional 20,145 shares during the quarter. Aperio Group LLC owned 0.06% of AMC Networks worth $2,238,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Advisor Group Inc. raised its position in AMC Networks by 24.4% during the 2nd quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock worth $112,000 after buying an additional 414 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in AMC Networks by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock worth $116,000 after buying an additional 181 shares during the last quarter. Americafirst Capital Management LLC purchased a new position in AMC Networks during the 2nd quarter worth approximately $153,000. Riverhead Capital Management LLC raised its position in AMC Networks by 69.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock worth $172,000 after buying an additional 1,328 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in AMC Networks by 2.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock worth $175,000 after buying an additional 88 shares during the last quarter. 83.04% of the stock is owned by institutional investors.
Shares of AMC Networks Inc. (AMCX) opened at $47.97 on Tuesday. AMC Networks Inc. has a one year low of $47.13 and a one year high of $67.61. The stock has a market cap of $2,997.88, a price-to-earnings ratio of 6.96, a P/E/G ratio of 0.91 and a beta of 1.09. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 37.53.
AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.53. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The firm had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $660.79 million. During the same quarter last year, the company earned $1.11 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. equities analysts expect that AMC Networks Inc. will post 7.01 earnings per share for the current fiscal year.
AMCX has been the subject of a number of recent research reports. TheStreet raised shares of AMC Networks from a “c” rating to a “b-” rating in a research report on Friday, July 28th. Morgan Stanley reduced their price target on shares of AMC Networks from $60.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 31st. Jefferies Group LLC reaffirmed a “hold” rating and set a $65.00 target price on shares of AMC Networks in a report on Tuesday, September 12th. Loop Capital cut their target price on shares of AMC Networks from $61.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, October 19th. Finally, Piper Jaffray Companies set a $60.00 target price on shares of AMC Networks and gave the company a “hold” rating in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. AMC Networks currently has an average rating of “Hold” and a consensus price target of $58.00.
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AMC Networks 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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